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Property profile & analytics
OFF-MARKET
Retail space
3152 Nc 18th S Morganton, NC 28655-6469
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1166727
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
STEEL FRAME
Total area
5,350 SF
Lot
1.62 ac (70,567 SF)
Zoning code
GENERAL BUSINESS DIST
APN
5577
UPID
US53-1166727
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
Leonard Jessie Carroll Gwyn · 3 yrs held
Leonard Jessie Carroll Gwyn
since 2022
Last sale
$250,000
5 recorded transactions
Zoning & alternative use
GENERAL 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
$2,725
Tax year 2024
Assessed value
$431,504
Assessed 2024
Previous assessed
$431,504
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$70,567
Assessed improvement
$360,937
Land market value
$70,567
Improvement market value
$360,937
Total market value
$431,504
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
5,350 SF
Lot
1.62 ac (70,567 SF)
Zoning code
GENERAL BUSINESS DIST
APN
5577
UPID
US53-1166727
Jurisdiction
BURKE
Zoning & alternative use
GENERAL BUSINESS DIST · Morganton, NC
Zoning GENERAL BUSINESS DIST · permitted uses
GENERAL 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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.62 ac
Current owner
From public records · entity-resolved
Leonard Jessie Carroll Gwyn
Individual
Mailing address
121 PIERCY AVE, MORGANTON, NC 28655-8159
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
$250,000
Leonard Jessie Carroll Gwyn
Morganton Savings Bank Ssb
Warranty Deed
$210,000 · Morganton Savings Bank Ssb
Sep 7, 2016
—
Morganton Savings Bk Ssb
Mull,jimmy O & Elizabeth G
Warranty Deed
—
—
—
Jimmy D Mull
—
Deed Of Trust
related
$300,000 · Morganton Federal S & L
—
—
Jimmy D Mull
—
Deed Of Trust
related
$32,800 · Morganton Federal S & L
—
—
Jimmy O Mull
—
Deed Of Trust
related
$50,000 · Morganton Federal S & L
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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