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Property profile & analytics
FOR SALE
Turn key restaurants
102 Sanford Dr, Morganton, NC 28680
Trust Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1481997
For Sale
1 / 10
$675,000
102 Sanford Dr, Morganton, NC 28680
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Property summary
AI-generated overview
This 5,498 square foot commercial property located at 102 Sanford Drive, Morganton, NC, presents a unique investment opportunity. Situated on a 0.99-acre lot, this building enjoys exceptional visibility and high traffic counts. The North Carolina Department of Transportation reports 11,000 vehicles pass the location daily, with an additional 19,000 vehicles daily on a nearby section of West Union. The property previously housed a business with two separate party rooms, each featuring its own entrance. The previous tenant vacated without notice. The seller is not interested in leasing the property and is offering it for sale "as is, where is" with no guarantees. The building requires renovations to meet current building codes. Heating and cooling systems are currently unknown as power is disconnected
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1966
Construction
WOOD FRAME
Total area
5,498 SF
Lot
0.99 ac (43,124 SF)
Zoning code
HIGH INTENSITY DIST
APN
32271
UPID
US53-1481997
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
-
New China Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dale,stuart D Trust · 13 yrs held
Dale,stuart D Trust
since 2013
2 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,869
Tax year 2024
Assessed value
$512,282
Assessed 2024
Previous assessed
$512,282
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$433,280
Assessed improvement
$79,002
Land market value
$433,280
Improvement market value
$79,002
Total market value
$512,282
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1966
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
5,498 SF
Lot
0.99 ac (43,124 SF)
Zoning code
HIGH INTENSITY DIST
APN
32271
UPID
US53-1481997
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.
Building & site characteristics
From public records
Year built
1966
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.99 ac
Current owner
From public records · entity-resolved
Dale,stuart D Trust
Trust
Free & Clear · 13 yrs held
Mailing address
3920 ROSE CRK RD, MORGANTON, NC 28655-7568
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2013
—
Dale,stuart D Trust
Dale,stuart D
Quit Claim Deed
related
—
Jun 22, 2012
—
Dale,rama Tr
Dale,stuart D
Quit Claim Deed
related
—
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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