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Property profile & analytics
OFF-MARKET
Auto shops
204 Sterling St Morganton, NC 28655-3567
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5517338
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1966
Construction
WOOD FRAME
Total area
4,400 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CENTRAL BUSINESS DIST
APN
31938
UPID
US53-5517338
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
-
Morganton Music Patch (Bike/Boat/Book/etc) Store
-
Lasting Impressions Salon & Boutique Clothing & Fashion Store
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
Sterling Bays LLC · 8 yrs held
Sterling Bays LLC
since 2018
7 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
$1,491
Tax year 2024
Assessed value
$266,173
Assessed 2024
Previous assessed
$266,173
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$215,853
Assessed improvement
$50,320
Land market value
$215,853
Improvement market value
$50,320
Total market value
$266,173
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1966
Construction
WOOD FRAME
Heating
YES
Stories
1
Total area
4,400 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CENTRAL BUSINESS DIST
APN
31938
UPID
US53-5517338
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
1966
Construction
WOOD FRAME
Heating
YES
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Sterling Bays LLC
Entity
Free & Clear · 8 yrs held
Mailing address
108 VALDESE AVE, MORGANTON, NC 28655-3510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2018
$155,000
Sterling Bays LLC
Lws Holdings Morganton LLC
Warranty Deed
—
Apr 21, 2016
$850,000
Lws Holdings Morganton LLC
Foreman,sharon P
Warranty Deed
$1,120,000 · Live Oak Bkg
Dec 8, 2011
—
Sharon Foreman
Foreman,sharon
Quit Claim Deed
related
—
Dec 5, 2011
—
Sharon Foreman
Foreman,sharon
Quit Claim Deed
related
—
Aug 19, 2009
—
G Scott Foreman
—
Trustees Deed
related
$970,000 · First Citizens Bank & Trust Co
Feb 20, 2008
$430,000
G Scott Foreman
Lail & Upton
Warranty Deed
$387,000 · Wachovia Bank NA
Jan 25, 2008
$430,000
Sharon Foreman
Lail,upton
Grant Deed
—
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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