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Property profile & analytics
OFF-MARKET
Retail space
302 Sterling St, Morganton, NC 28655-3338
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1272366
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Construction
WOOD FRAME
Total area
1,180 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CENTRAL BUSINESS DIST
APN
12525
UPID
US53-1272366
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
-
ServiCell NC Computer & Electronic Repair Tech Support Center
-
Zehlm® Web Development, LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Discerner Computers & Guru2Go Computer & Electronic Repair
-
DJ Rockin' Raj Nightclub Music Venue
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
301 North LLC · 3 yrs held
301 North LLC
since 2023
Last sale
$380,000
1 recorded transaction
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
$2,108
Tax year 2024
Assessed value
$376,436
Assessed 2024
Previous assessed
$376,436
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$175,726
Assessed improvement
$200,710
Land market value
$175,726
Improvement market value
$200,710
Total market value
$376,436
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
3
Bathrooms
2
Total area
1,180 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CENTRAL BUSINESS DIST
APN
12525
UPID
US53-1272366
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
1948
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
301 North LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 1055, MORGANTON, NC 28680-1055
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$380,000
301 North LLC
Magnolia Associates I LLC
Special Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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