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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Warehouses
1915 Jamestown Rd, Morganton, NC 28655-8445
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5474309
Property summary
AI-generated overview
This exceptional 19,000-square-foot warehouse space is ideally situated just off Interstate 40 in Morganton, offering unparalleled accessibility for distribution and logistics. The single-tenant property presents a rare opportunity for businesses seeking ample storage and operational space. The warehouse boasts two dock doors for efficient loading and unloading, complemented by a dedicated office area, restrooms, and a ceiling height reaching 20 feet at its peak. The property is equipped with three-phase power and features a climate-controlled environment, ensuring year-round comfort and operational efficiency. The building is well-maintained and ready for immediate occupancy. A comprehensive CAM (Common Area Maintenance) charge covers essential services, including property taxes, insurance, and groundskeeping, simplifying operational budgeting. This prime location, combined with the warehouse's functional design and modern amenities, makes it an ideal choice for a variety of industrial businesses seeking a strategic foothold in the Morganton market. The entire 19,000 square feet is currently vacant and available for lease. Don't miss this chance to secure this exceptional warehouse space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
36,000 SF
Lot
4.05 ac (176,418 SF)
Zoning code
INDUSTRIAL DIST
APN
46750
UPID
US53-5474309
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
-
Picture Source / Somerset (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$803k
Blend (final)
Blend
$1.34M
Owner & transaction history
1915 Jamestown LLC · 1 yrs held
1915 Jamestown LLC
since 2025
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
INDUSTRIAL 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
$1,365,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,095,000
Current use
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.30M (Jan 27 2022)
Last sale anchor
$1.30M
Jan 27 2022
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
$37 / 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
$8,202
Tax year 2024
Assessed value
$1,252,200
Assessed 2024
Previous assessed
$1,252,200
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$70,750
Assessed improvement
$1,181,450
Land market value
$70,750
Improvement market value
$1,181,450
Total market value
$1,252,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Total area
36,000 SF
Lot
4.05 ac (176,418 SF)
Zoning code
INDUSTRIAL DIST
APN
46750
UPID
US53-5474309
Jurisdiction
BURKE
Zoning & alternative use
INDUSTRIAL DIST · Morganton, NC
Zoning INDUSTRIAL DIST · permitted uses
INDUSTRIAL 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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
WAREHOUSE, STORAGE 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
1993
Lot
4.05 ac
Current owner
From public records · entity-resolved
1915 Jamestown LLC
Entity
Mailing address
PO BOX 21554, WINSTON SALEM, NC 27120-1554
Ownership since
2025
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
Apr 1, 2025
$1,950,000
1915 Jamestown LLC
440 Crest View LLC
Special Warranty Deed
$1,560,000 · Seacoast National Bank
Jan 27, 2022
$1,300,000
440 Crest View LLC
Jamestow Road Ventures LLC
Special Warranty Deed
$975,000 · First 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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