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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Retail space
1000 Houston Ml Rd, Conover, NC 28613-8500
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2154436
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Construction
METAL FRAME
Total area
9,173 SF
Lot
1.63 ac (71,003 SF)
Zoning code
RC
APN
3734-12-87-5267
UPID
US53-2154436
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Viking Villa LLC · 5 yrs held
Viking Villa LLC
since 2020
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
RC · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+122.8%
Medical building
$1.7M
+96.6%
Apartment house (5+ units)
$1.1M
+21.2%
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 Conover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conover 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
Method
Estimation
Statistic approach
$1,410,000
ML approach
$1,545,000
CAP Approach
CAP Return
Estimation
6%
$1,670,000
6.5%
$1,540,000
7%
$1,430,000
Alternative Use
Use
Estimation
RESTAURANT
$1,975,000
Change: +123% · Conversion: Easy
MEDICAL BUILDING
$1,740,000
Change: +97% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,075,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$935,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.55M (Nov 23 2020)
Last sale anchor
$1.55M
Nov 23 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$168 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,084
Tax year 2023
Assessed value
$688,600
Assessed 2023
Previous assessed
$1,011,800
-31.9% YoY
Effective rate
0.74%
On assessed value
Assessed land
$42,600
Assessed improvement
$646,000
Land market value
$42,600
Improvement market value
$646,000
Total market value
$688,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Construction
METAL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
9,173 SF
Lot
1.63 ac (71,003 SF)
Zoning code
RC
APN
3734-12-87-5267
UPID
US53-2154436
Jurisdiction
CATAWBA
Zoning & alternative use
RC · Conover, NC
Zoning RC · permitted uses
RC · Conover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$935,000
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
METAL FRAME
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Viking Villa LLC
Entity
Mailing address
PO BOX 923, NORWOOD, CO 81423-0923
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
Nov 23, 2020
$1,549,000
Viking Villa LLC
Teramore Development LLC
Special Warranty Deed
$100,000 · Coastal FCU
Jun 2, 2020
—
Teramore Dev LLC
Teramore Dev LLC
Quit Claim Deed
related
—
May 6, 2020
—
Teramore Dev LLC
Sherry H Kenworthy
Grant Deed
related
$1,155,246 · Ameris Bank
Oct 26, 2016
—
Sherry H Kenworthy
Houston,phil L & Joy C
Warranty Deed
related
—
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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