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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1011 County Home Rd Conover, NC 28613-2544
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1633592
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Construction
FRAME
Total area
7,684 SF
Lot
11.85 ac (516,186 SF)
Zoning code
R-20-CD
APN
3732-16-83-9923
UPID
US53-1633592
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
-
The Fields Conover Apartments Homes Apartment Complex
-
Ridge Pointe Apartments Apartment Complex Apartment Rental Agency
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
Connover Cgc LLC · 3 yrs held
Connover Cgc LLC
since 2022
Last sale
$20.4M
7 recorded transactions
Zoning & alternative use
R-20-CD · Conover, 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 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$157,057
Tax year 2023
Assessed value
$19,793,000
Assessed 2023
Previous assessed
$19,793,000
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$77,400
Assessed improvement
$19,715,600
Land market value
$77,400
Improvement market value
$19,715,600
Total market value
$19,793,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
HOT WATER
Cooling
CENTRAL
Buildings
5
Units
14
Total area
7,684 SF
Lot
11.85 ac (516,186 SF)
Zoning code
R-20-CD
APN
3732-16-83-9923
UPID
US53-1633592
Jurisdiction
CATAWBA
Zoning & alternative use
R-20-CD · Conover, NC
Zoning R-20-CD · permitted uses
R-20-CD · 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.
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Buildings
5
Units
14
Lot
11.85 ac
Current owner
From public records · entity-resolved
Connover Cgc LLC
Entity
Mailing address
888 WOODMERE PL APT C, WOODMERE, NY 11598-2016
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$20,361,000
Connover Cgc LLC
Elite Street Cap Ridge Pointe Eqt D
Special Warranty Deed
$14,252,000 · Capital One NA
Oct 31, 2022
—
Connover Cgc LLC
Elite Street Cap Ridge Pointe Eqt D
Deed
—
Oct 8, 2018
—
Elite Street Capital Ridge Pointe E
—
Deed
related
$10,100,000 · Arbor Commercial Funding LLC
Apr 12, 2017
$10,400,000
Elite Street Cap Ridge Pointe
Vcp Ridge Pointe LLC
Grant Deed
$8,720,000 · Greystone Svcg
Apr 12, 2017
—
Vcp Rp So LLC
Vcp Ridge Pointe LLC
Quit Claim Deed
—
Sep 4, 2015
$7,750,000
Vcp Ridge Pointe LLC
1011 Cnty Hm Road Holdings LLC
Grant Deed
$6,286,220 · Greystone Svcg
Jun 1, 2011
$3,766,666
1011 Cnty Hm Road Holdings LLC
Lucas,kenneth S JR
Trustees Deed
related
—
Mar 29, 2011
$3,766,666
1011 Cntry Hm Road Holdings Ll
Lucas,kenneth S JR
Trustees Deed
related
—
Aug 12, 2005
$6,100,000
Ridge Point Apartments LLC
Gmac Commercial Mtg Secs INC
Deed Of Trust
related
$6,100,000 · Wachovia Bank NA
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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