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Property profile & analytics

315 Burke Dr Morganton, NC 28655

  • Manufacturing properties
  • 7,920 SF
  • 2.99 lot acres
Value Estimation
Last Sale
Jun 02, 2023
$400,000
Location Intelligence
Property ID
US53-1678846
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

  • PDQ Workholding / General Contractor

Property Details for 315 Burke Dr

Year built
1964
Construction
WOOD FRAME
Lot size
2.99 lot acres
Property size
7,920 SF
Zone code
EXCLUSIVE INDUSTRIAL DIST
Property type
Manufacturing properties
APN
31861
APU
31861

Description

This exceptional single-tenant property at 315 Burke Dr, Morganton, NC 28655, offers a versatile 12,888 square foot space ideal for a variety of businesses. The building boasts a strategic blend of office and warehouse areas, perfectly suited for companies needing both administrative and storage capabilities. The warehouse component encompasses 8,919 square feet, providing ample room for inventory, equipment, or production. Complementing this substantial warehouse space is a well-appointed 4,224 square foot office area. This office space includes twelve individual offices, two conference rooms, and four bathrooms, ensuring comfortable and efficient operations. The property's location in the heart of Morganton offers excellent accessibility and visibility, making it an attractive option for businesses seeking a central location. This property is a single-tenant building, providing a streamlined and efficient operational environment. The property is classified as Retail, Office, and Industrial, reflecting its adaptability to diverse business needs. A floor plan is available upon request. This is a rare opportunity to secure a well-designed and strategically located property in a thriving North Carolina market.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $435,000
  • CAP approach

    CAP return
    Estimation
    6%
    $355,000
    6.5%
    $425,000
    7%
    $355,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $410,000
    Geo Method
    $430,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $440,000
    Retail
    $440,000
    Mixed-Use
    $455,000
    Hospitality
    $390,000
    Educational
    $390,000
    Residential Income
    $420,000
    Energy
    $345,000
    Income-Based Land
    $380,000
    Food Service
    $395,000

Location Insight

  • Map
  • Local Demand
City
Morganton
County
Burke
State
North Carolina
Longitude
-81.6634
Latitude
35.7488
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
$3,127
$89,700
$468,682
$558,382
-
$89,700
$468,682
$558,382
More about this property
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