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Property profile & analytics
OFF-MARKET
Turn key restaurants
103 Sterling St, Morganton, NC 28655-3443
Entity Owned
15-yr Hold
Free & Clear
Property ID
US53-2068380
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1901
Construction
WOOD FRAME
Total area
1,814 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CENTRAL BUSINESS DIST
APN
6199
UPID
US53-2068380
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
-
Norvell Properties Real Estate Agency
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
Table Rock Invs LLC · 15 yrs held
Table Rock Invs LLC
since 2010
6 recorded transactions
Zoning & alternative use
CENTRAL BUSINESS 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
$890
Tax year 2024
Assessed value
$158,857
Assessed 2024
Previous assessed
$158,857
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$19,572
Assessed improvement
$139,285
Land market value
$19,572
Improvement market value
$139,285
Total market value
$158,857
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
Off-Market
Year built
1901
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,814 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CENTRAL BUSINESS DIST
APN
6199
UPID
US53-2068380
Jurisdiction
BURKE
Zoning & alternative use
CENTRAL BUSINESS DIST · Morganton, NC
Zoning CENTRAL BUSINESS DIST · permitted uses
CENTRAL BUSINESS 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
1901
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Table Rock Invs LLC
Entity
Free & Clear · 15 yrs held
Mailing address
103 N STERLING ST, MORGANTON, NC 28655-3443
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
—
Colonial Mimosa Theatre LLC
—
Deed
related
$1,000,000 · Morganton Savings Bank Ssb
Dec 15, 2023
—
Table Rock Investments LLC
—
Deed
related
$549,322 · First Horizon Bank
Dec 31, 2020
—
Clonial Mimosa Theatre LLC
—
Deed
related
$572,668 · Morganton Fed'l S&l
Dec 8, 2010
—
Table Rock Invs LLC
Norvell,jerry T JR & Barbara C
Grant Deed
related
—
Nov 10, 2010
—
Table Rock Investments LLC
Norvell,jerry T JR
Grant Deed
related
—
—
—
Clonial Mimosa Theatre LLC
—
Loan Modification
related
$572,668 · Morganton Fed'l S&l
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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