Well-Maintained Office
317 1st Street East Conover, NC 28613
317 1st Street East, Conover, NC, 28613
$640,000
For Sale
$640,000
Commercial Sale, Other - Conover, NC
Property Size2,075 SF
Lot Size0.47 Acres
Price / SF$308.43
Days on Market676
Property Features for 317 1st Street East
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.47 Acres
Building Details
- Year built
- 2003
- Architectural style
- Other
Listing Agency
NextHome Blue Skies
(828) 330-6088
520 8th St. NE, NC
Listed by
Kay Sigmon · License #NC-316703,PersonLicenseNumber
(828) 855-4950
Added: Sep 10, 2024 Checked: Jul 17 at 4:06 am
MLS# 4180814
Listing URL
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale: a well-maintained 2,075 SF office building situated on a 0.47-acre lot. The property is described as being suited for a range of professional uses and includes ample parking and accessibility.
The building is located in Conover, NC, less than a mile from I-40 and downtown Conover. It is positioned for visibility and accessibility for employees, clients, and patrons in a high-traffic area.
As presented, this is a straightforward commercial office asset with parking and accessibility features, designed to support professional operations.
The building is located in Conover, NC, less than a mile from I-40 and downtown Conover. It is positioned for visibility and accessibility for employees, clients, and patrons in a high-traffic area.
As presented, this is a straightforward commercial office asset with parking and accessibility features, designed to support professional operations.
Key Highlights
- Commercial building built in 2003
- 0.47‑acre property with a 2,075 SF building for professional use
- Located in Conover, NC, less than 1 mile from I‑40 and downtown Conover
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - A well-maintained 2,075 SF office building on 0.47 acres with ample parking in a high-traffic Conover area.
Where is this office building located?
The property is located at 317 1st Street East 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: Commercial building built in 2003; 0.47‑acre property with a 2,075 SF building for professional use; Located in Conover, NC, less than 1 mile from I‑40 and downtown Conover
