Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    108 Oakland Ave Morganton, NC 28655

    • Grocery and convenience stores
    • 2,016 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Last Sale
    Feb 16, 2023
    $270,000
    Location Intelligence
    Property ID
    US53-1180845
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jack B Quick Stores / Gas Station / Convenience Store

    Property Details for 108 Oakland Ave

    Year built
    1967
    Construction
    WOOD FRAME
    Lot size
    0.32 lot acres
    Property size
    2,016 SF
    Zone code
    MANUFACTURING DIST
    Property type
    Grocery and convenience stores
    APN
    31027
    APU
    31027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $290,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $295,000
      Mixed-Use
      $250,000
      Hospitality
      $320,000
      Educational
      $275,000
      Residential Income
      $300,000
      Energy
      $295,000
      Income-Based Land
      $310,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.6029
    Latitude
    35.758
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,687
    $39,491
    $261,797
    $301,288
    -
    $39,491
    $261,797
    $301,288

    Comparable in this City

    • Value Estimation by Request
      1,438 SF

      6486 Nc 181

      CONVENIENCE STORE • 1,438 SF
      6486 Nc 181, Morganton, NC 28655-7576
      View Details
    • Value Estimation by Request
      2,112 SF

      1578 Us 70th W

      CONVENIENCE STORE • 2,112 SF
      1578 Us 70th W, Morganton, NC 28655-6235
      View Details
    • Value Estimation
      $345,000
      4,352 SF

      259 Fleming Dr Ste A

      CONVENIENCE STORE • 4,352 SF
      259 Fleming Dr Ste A, Morganton, NC 28655-3954
      View Details
    • Value Estimation by Request
      1,352 SF

      655 Fleming Dr

      CONVENIENCE STORE • 1,352 SF
      655 Fleming Dr, Morganton, NC 28655-4450
      View Details
    • Value Estimation
      $2,635,000
      3,597 SF

      1007 Jamestown Rd

      CONVENIENCE STORE • 3,597 SF
      1007 Jamestown Rd, Morganton, NC 28655-9277
      View Details
    • Value Estimation
      $220,000
      1,800 SF

      1999 Nc 18th Us 64

      CONVENIENCE STORE • 1,800 SF
      1999 Nc 18th Us 64, Morganton, NC 28655-9353
      View Details

    Similar Nearby for Sale

    • $650,000
      1.28 Acres

      Established Seafood Business Opportunity

      Turnkey seafood business with real estate and equipment included.
      410 E Fleming Dr, Morganton, NC 28655
      View Details
    • $1,171,820
      9,014 SF

      Dollar General Net Lease Investment

      Net lease retail investment opportunity leased to Dollar General.
      1324 Burkemont Ave, Morganton, NC 28655
      View Details
    • $349,900
      0.78 Acres

      Downtown Morganton Barber Shop Opportunity

      Barber shop with five stations in downtown Morganton.
      725 E Union St E, Morganton, NC 28655
      View Details
    • Contact for pricing
      3,425 SF

      Retail Outparcel on Green Street

      3,425 SF retail space with high visibility.
      904 N Green St, Morganton, NC 28655
      View Details
    • $1,273,500
      8.49 Acres

      Morganton Mixed-Use Development

      8.49 Acres, High-Intensity Zoning
      0 Sanford Dr, Morganton, NC 28655
      View Details
    • $995,000
      2.48 Acres

      804 Burkemont Ave, Morganton, NC 28655

      Retail properties • 2.48 Acres
      804 Burkemont Ave, Morganton, NC 28655
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Morganton, NC

      Retail space available for lease in Morganton, North Carolina.
      Morganton, NC 28655
      View Details
    • Contact for pricing
      177,808 SF

      400 Morganton Heights Blvd

      Lifestyle centers • 177,808 SF
      400 Morganton Heights Blvd, Morganton, NC 28655
      View Details
    • Contact for pricing
      3,500 SF

      Retail/Office Space in Morganton Station

      Versatile space in a vibrant mixed-use complex with high visibility.
      605 S Green St, Morganton, NC 28655
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Prime Location

      Move-in ready retail spaces on main retail corridor.
      406-420 W Fleming Dr, Morganton, NC 28655
      View Details
    • $10 SF/Yr
      202,980 SF

      Fiddler's Run Retail Spaces

      Morganton, NC: Prime Retail Opportunity
      104 Fiddlers Run Blvd, Morganton, NC 28655
      View Details
    • $21 SF/Yr
      5,600 SF

      Restaurant/Retail Space Available For Rent

      5,600 SF restaurant/retail space with tenant improvement allowance.
      115 E Union St, Morganton, NC 28655
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    108 Oakland Ave
    Morganton, NC 28655
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.