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Property profile & analytics
OFF-MARKET
Turn key restaurants
520 Fleming Dr, Morganton, NC 28655-3924
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1282311
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1976
Construction
STEEL FRAME
Total area
2,275 SF
Lot
0.76 ac (33,106 SF)
Zoning code
HIGH INTENSITY DIST
APN
35317
UPID
US53-1282311
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
-
Mi Pais Restaurant & Carniceria Restaurant
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
Sum Storage 518 LLC · 2 yrs held
Sum Storage 518 LLC
since 2024
Last sale
$267,041
5 recorded transactions
Zoning & alternative use
HIGH INTENSITY 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
$1,452
Tax year 2024
Assessed value
$259,299
Assessed 2024
Previous assessed
$259,299
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$88,000
Assessed improvement
$171,299
Land market value
$88,000
Improvement market value
$171,299
Total market value
$259,299
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,275 SF
Lot
0.76 ac (33,106 SF)
Zoning code
HIGH INTENSITY DIST
APN
35317
UPID
US53-1282311
Jurisdiction
BURKE
Zoning & alternative use
HIGH INTENSITY DIST · Morganton, NC
Zoning HIGH INTENSITY DIST · permitted uses
HIGH INTENSITY 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
1976
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Sum Storage 518 LLC
Entity
Mailing address
105 INDEPENDENCE BLVD, MORGANTON, NC 28655-5501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jun 25, 2024
—
Sum Storage 518 LLC
Sum Storage LLC
Warranty Deed
$3,200,000 · Greystone Select Company II LLC
Oct 28, 2022
$380,500
Fleming Four LLC
Fleming Drive Associates LLC
Special Warranty Deed
—
Nov 27, 2018
—
Sum Storage LLC
—
Deed
related
$87,767 · Live Oak Bkng Co
May 3, 2017
—
Sum Storage LLC
Jones,tracy & Amy
Warranty Deed
related
—
Mar 22, 2017
$102,500
Tracy Jones
Berry,billy & Judy
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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