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Property profile & analytics
OFF-MARKET
Warehouses
1958 Brown Mtn Bch Rd, Morganton, NC 28655-5878
Individually Owned
5-yr Hold
Free & Clear
Property ID
US53-3851418
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
STEEL FRAME
Total area
2,331 SF
Lot
36.14 ac (1,574,258 SF)
Zoning code
RURAL MIXED USE DIST
APN
20104
UPID
US53-3851418
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
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
Patrick A Smith · 5 yrs held
Patrick A Smith
since 2020
7 recorded transactions
Zoning & alternative use
RURAL MIXED USE 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
$1,309
Tax year 2024
Assessed value
$268,894
Assessed 2024
Previous assessed
$268,894
+0.0% YoY
Effective rate
0.49%
On assessed value
Assessed land
$119,041
Assessed improvement
$149,853
Land market value
$119,041
Improvement market value
$149,853
Total market value
$268,894
Applied tax rate
8,515.0000
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
1974
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
3
Total area
2,331 SF
Lot
36.14 ac (1,574,258 SF)
Zoning code
RURAL MIXED USE DIST
APN
20104
UPID
US53-3851418
Jurisdiction
BURKE
Zoning & alternative use
RURAL MIXED USE DIST · Morganton, NC
Zoning RURAL MIXED USE DIST · permitted uses
RURAL MIXED USE 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
1974
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Lot
36.14 ac
Current owner
From public records · entity-resolved
Patrick A Smith
Individual
Free & Clear · 5 yrs held
Mailing address
1958 BROWN MTN BCH RD, MORGANTON, NC 28655-5878
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2020
—
Patrick A Smith
—
Deed
related
$190,000 · Frank Barrows
Sep 11, 2020
$200,000
Patrick A Smith
Frank Barrows
Warranty Deed
—
Sep 25, 2017
—
Patrick Smith
—
Deed
related
$160,000 · Morganton Svgs Bk Ssb
Mar 5, 2015
$120,000
Patrick A Smith
Simpson Creek Farms LLC
Warranty Deed
$100,000 · Simpson Creek Farms LLC
Jul 24, 2006
—
Simpson Creek Farms LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Patrick A Smith
—
Deed Of Trust
related
$100,000 · Simpson Creek Farms LLC
—
—
Patrick Smith
—
Deed Of Trust
related
$160,000 · Morganton Svgs Bk Ssb
—
—
Patrick A Smith
—
Deed Of Trust
related
$190,000 · Frank Barrows
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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