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Property profile & analytics
OFF-MARKET
Warehouses
4570 Francis Rd, Morganton, NC 28655
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0893008
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
STEEL FRAME
Total area
3,000 SF
Lot
3.86 ac (168,142 SF)
Zoning code
INDUSTRIAL DIST
APN
16318
UPID
US53-0893008
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
William Johnny Lee Barger · 6 yrs held
William Johnny Lee Barger
since 2019
5 recorded transactions
Zoning & alternative use
INDUSTRIAL 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
$2,398
Tax year 2024
Assessed value
$366,065
Assessed 2024
Previous assessed
$366,065
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$57,900
Assessed improvement
$308,165
Land market value
$57,900
Improvement market value
$308,165
Total market value
$366,065
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
1975
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
1
Bathrooms
2
Total area
3,000 SF
Lot
3.86 ac (168,142 SF)
Zoning code
INDUSTRIAL DIST
APN
16318
UPID
US53-0893008
Jurisdiction
BURKE
Zoning & alternative use
INDUSTRIAL DIST · Morganton, NC
Zoning INDUSTRIAL DIST · permitted uses
INDUSTRIAL 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
1975
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
2
Lot
3.86 ac
Current owner
From public records · entity-resolved
William Johnny Lee Barger
Individual
Mailing address
7732 KINGSGATE WAY, WEST CHESTER, OH 45069-2448
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Oct 1, 2019
$365,000
William Johnny Lee Barger
The Rock Church And Ministries INC
Warranty Deed
$273,750 · First Community Bank
Sep 15, 2014
—
Rock Church & Ministries INC
Lyles,michael J
Grant Deed
related
$300,000 · Michael J Lyles
Nov 2, 2009
$132,500
Michael J Lyles
Farkash Family
Warranty Deed
$88,333 · Farkash Family LP
Oct 26, 2009
$132,500
Entrust Carolinas LLC
The,farkash Family Limited
Grant Deed
related
$88,333 · The Farkash Family Limited Partnership
Nov 24, 2008
—
Farkash Family
Farkash Family
Quit Claim Deed
related
—
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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