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Property profile & analytics

518 Fleming Dr Morganton, NC 28655-3924

  • Theaters & concert halls
  • 7,780 SF
  • 2.05 lot acres
OFF-MARKET
Value Estimation
$495,000
Last Sale
Oct 28, 2022
$461,500
Location Intelligence
Property ID
US53-1556287
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

  • U-Haul Neighborhood Dealer / Van Rental Agency / Trailer Rental Service
  • Thrive Church / Church
  • Iglesia Pentecosta Unida Hispana, Morganton / Church
  • SUM Storage / Self-Storage Facility

Property Details for 518 Fleming Dr

Year built
1976
Construction
WOOD FRAME
Lot size
2.05 lot acres
Property size
7,780 SF
Zone code
HIGH INTENSITY DIST
Property type
Theaters & concert halls
APN
32274
APU
32274

Description

This exceptional retail property, located at 518-520 W. Fleming Dr in Morganton, NC, offers 25,200 square feet of new construction space. The property features a mix of unit sizes, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 25,200 square feet, allowing for flexibility in tenant needs. Currently, 37,800 square feet is available for lease. This development is situated on a main retail corridor, boasting excellent visibility and accessibility, enhanced by its own signalized intersection. The strategic location provides close proximity to numerous national retailers, capitalizing on existing commercial activity. The property's adjacency to the new North Carolina School of Science and Math, sharing a designated traffic light, ensures high traffic volume and exposure to a significant population. This development is part of a growing area experiencing substantial residential and commercial growth, making it an ideal location for businesses seeking to establish or expand their presence in a thriving market. The property is located in Burke County, NC, zip code 28655. This is a rare opportunity to secure space in a brand-new, high-traffic retail center in a rapidly developing area.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $480,000
  • CAP approach

    CAP return
    Estimation
    6%
    $555,000
    6.5%
    $520,000
    7%
    $525,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $545,000
    Geo Method
    $560,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $465,000
    Retail
    $575,000
    Mixed-Use
    $525,000
    Hospitality
    $475,000
    Educational
    $460,000
    Residential Income
    $565,000
    Energy
    $460,000
    Income-Based Land
    $605,000
    Food Service
    $590,000

Location Insight

  • Map
  • Local Demand
City
Morganton
County
Burke
State
North Carolina
Longitude
-81.6878
Latitude
35.7342
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
$2,668
$307,500
$169,005
$476,505
-
$307,500
$169,005
$476,505
More about this property
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