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Property profile & analytics
OFF-MARKET
Warehouses
993 Summers Rd, Morganton, NC 28655-8905
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2016277
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
WOOD FRAME
Total area
7,040 SF
Lot
1.06 ac (46,174 SF)
Zoning code
INDUSTRIAL DIST
APN
38172
UPID
US53-2016277
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
-
White Dove Chapel - Food Distribution Center Food Bank Charitable Organization
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
Kla Diversified Properties LLC · 5 yrs held
Kla Diversified Properties LLC
since 2020
Last sale
$82,500
4 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
$1,037
Tax year 2024
Assessed value
$157,148
Assessed 2024
Previous assessed
$157,148
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$26,500
Assessed improvement
$130,648
Land market value
$26,500
Improvement market value
$130,648
Total market value
$157,148
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
1960
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
7,040 SF
Lot
1.06 ac (46,174 SF)
Zoning code
INDUSTRIAL DIST
APN
38172
UPID
US53-2016277
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
1960
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Kla Diversified Properties LLC
Entity
Mailing address
467 W MAIN ST, FOREST CITY, NC 28043-2920
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2020
$82,500
Kla Diversified Properties LLC
Striker Properties LLC
Grant Deed
—
Dec 8, 2010
—
Strike Properties LLC
Hunting Creek Associates LLC
Grant Deed
related
—
Nov 24, 2010
—
Stricker Properties LLC
Hunting,creek Associates L
Grant Deed
related
—
—
—
Striker Properties LLC
—
Deed Of Trust
related
$6,900,000 · Asheville Svgs 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.
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