Property profile

317 1St Street Dr East Conover, NC 28613

FOR SALE
Retail space
Property ID
US53-2008351
2,091 SF 0.47 ac lot Built 2003
Entity Owned Free & Clear
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Property summary

AI-generated overview

Commercial property located in Conover, North Carolina in a high-traffic area, less than one mile from I-40 and downtown Conover. The site comprises approximately 0.47 acres and includes a well-maintained 2,075-square-foot building configured for a range of professional uses. The property offers ample on-site parking and is positioned for convenient access for employees, clients, and patrons, with proximity to commercial and residential areas.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction CONCRETE BLOCKS
Total area 2,091 SF
Lot 0.47 ac (20,473 SF)
Zoning code P-1
APN 3741-05-28-2965
UPID US53-2008351

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy

Location

317 1St Street Dr East Conover, NC 28613
Conover metro Census 10102 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

Zoning & alternative use

P-1 · Conover, NC
Zoning description

The P-1 District is designed to accommodate medical and other professional offices, civic uses, and residential uses. It functions as a transitional zone between residential and zones which accommodate more intensive com…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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