Conover Commercial Building For
For Sale
$640,000
317 1st E Street, Conover, NC 28613
Commercial building in high-traffic area near I-40 and downtown.
Property Size2,075 SF
Lot Size0.47 Acres
Price / SF$308.43
Days on Market691
Property Features for 317 1st E Street
General Information
Standard status
Active
Size
2,075 SF
Lot size
0.47 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2003
Listing Agency:
NextHome Blue Skies
(828) 855-4950
Listed By:
Kay Sigmon · License #316703
(828) 855-4950
Source:
Exitrealty
Added: Sep 10, 2024
Changed: Jul 10
Last Checked: Jul 31 at 5:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Blue Skies
Investment Insights
Based on property information with market context.
This commercial property is located in a high-traffic area of Conover, North Carolina, less than a mile from I-40 and downtown Conover. The 0.47-acre property includes a well-maintained 2,075-square-foot building suitable for a range of professional uses. Its location in Conover provides visibility and accessibility for employees, clients, and patrons. Amenities include ample parking and proximity to key commercial and residential zones. The property's high exposure may enhance business growth and long-term value.
Key Highlights
- High‑traffic location in Conover, NC.
- Less than a mile from I‑40 and downtown Conover.
- Well‑maintained 2,075 SF building suitable for professional uses.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $21.60 |
| − Vacancy | −$8.3k | −$4.00 |
| EGI | $36.5k | $17.60 |
| − OpEx | −$9.1k | −$4.40 |
| NOI | $27.4k | $13.20 |
2,075 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$391.4K
$342.5K – $456.6K
NOI $27,396 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.1K
$530.4K – $707.2K
NOI $42,430 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 28613, NC
22,970
Population
10,222
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
85%
High-School Grad
42.4 sq mi
ZIP Area
542
Density / Sq Mi
$55,690
Median Household Income
$38,932
Median Earnings
$822
Median Rent
$208,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Commercial building in high-traffic area near I-40 and downtown.
Where is this office building located?
The property is located at 317 1st E Street Conover, NC.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: High‑traffic location in Conover, NC.; Less than a mile from I‑40 and downtown Conover.; Well‑maintained 2,075 SF building suitable for professional uses.
