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Property profile & analytics
FOR SALE
Warehouses
618 E Meeting St, Morganton, NC 28655
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1254024
For Sale
1 / 13
$459,900
618 E Meeting St, Morganton, NC 28655
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1949
Construction
WOOD FRAME
Total area
31,798 SF
Lot
2.26 ac (98,446 SF)
Zoning code
CONDITIONAL USE
APN
32227
UPID
US53-1254024
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
-
Foothills Fabrications Corporate Office
-
Junkonomics Recycling Center Waste Management Facility
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
Poverty Girls LLC · 4 yrs held
Poverty Girls LLC
since 2022
Last sale
$332,500
6 recorded transactions
Zoning & alternative use
CONDITIONAL USE · 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
$2,064
Tax year 2024
Assessed value
$368,643
Assessed 2024
Previous assessed
$338,454
+8.9% YoY
Effective rate
0.56%
On assessed value
Assessed land
$175,059
Assessed improvement
$193,584
Land market value
$175,059
Improvement market value
$193,584
Total market value
$368,643
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
For Sale
Year built
1949
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
5
Total area
31,798 SF
Lot
2.26 ac (98,446 SF)
Zoning code
CONDITIONAL USE
APN
32227
UPID
US53-1254024
Jurisdiction
BURKE
Zoning & alternative use
CONDITIONAL USE · Morganton, NC
Zoning CONDITIONAL USE · permitted uses
CONDITIONAL USE · 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
1949
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
5
Lot
2.26 ac
Current owner
From public records · entity-resolved
Poverty Girls LLC
Entity
Free & Clear · 4 yrs held
Mailing address
252 CHARLOTTE ST, ASHEVILLE, NC 28801-1434
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
$332,500
Poverty Girls LLC
Debra Best
Warranty Deed
—
Aug 8, 2018
—
Harold C Best
—
Deed
related
$262,000 · Capital Bk
Mar 15, 2013
$160,000
Harold Best
Emw Properties LLC
Special Warranty Deed
$140,000 · First Citizens Bank & Trust Co
Mar 15, 2013
—
Harold C Best
—
Trustees Deed
related
$140,000 · First Citizens Bank & Trust Co
Mar 8, 2013
$160,000
Harold Best
Emw Properties LLC
Grant Deed
$140,000 · First Citizens Bank
—
—
Harold C Best
—
Deed Of Trust
related
$262,000 · Capital Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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