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Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Drug stores
101 Fleming Dr, Morganton, NC 28655-3675
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2159121
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Construction
WOOD FRAME
Total area
12,563 SF
Lot
1.7 ac (74,052 SF)
Zoning code
HIGH INTENSITY DIST
APN
3777
UPID
US53-2159121
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
higi Physician
-
Walgreens Cosmetic Store
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.83M
Owner & transaction history
101e Fleming Holdings LLC · 3 yrs held
101e Fleming Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
HIGH INTENSITY DIST · Morganton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morganton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morganton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,130,000
Current use
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$146 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$20,941
Tax year 2024
Assessed value
$3,739,529
Assessed 2024
Previous assessed
$3,739,529
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$1,109,460
Assessed improvement
$2,630,069
Land market value
$1,109,460
Improvement market value
$2,630,069
Total market value
$3,739,529
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2002
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
12,563 SF
Lot
1.7 ac (74,052 SF)
Zoning code
HIGH INTENSITY DIST
APN
3777
UPID
US53-2159121
Jurisdiction
BURKE
Zoning & alternative use
HIGH INTENSITY DIST · Morganton, NC
Zoning HIGH INTENSITY DIST · permitted uses
HIGH INTENSITY DIST · Morganton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morganton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
RETAIL STORES Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.7 ac
Current owner
From public records · entity-resolved
101e Fleming Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1205 PO BOX 1159TH CT, DEERFIELD, IL 60015-6002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
—
101e Fleming Holdings LLC
4011 University Holdings LLC
Deed
—
Dec 21, 2021
$3,800,000
4011 University Holdings LLC
Morganton Ra LLC
Special Warranty Deed
—
Sep 19, 2013
$3,200,000
Thomas W Scott III
Ymf Management LLC
Warranty Deed
—
Sep 19, 2013
$500
Thomas W Scott III
Ymf Management LLC
Quit Claim Deed
related
$2,240,153 · The National Bank Of Georgia
Sep 19, 2013
—
Morganton Ra LLC
Scott,thomas W III & Lori E C
Grant Deed
—
Sep 10, 2013
$3,200,000
Thomas W Scott III
Ymf Management LLC
Grant Deed
—
Sep 10, 2013
—
Morganton Ra LLC
Scott,thomas W III
Grant Deed
related
—
Sep 9, 2013
$500
Thomas W Scott III
Ymf Management LLC
Grant Deed
related
—
—
—
Thomas W Scott III
—
Deed Of Trust
related
$2,240,150 · National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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