Entity Owned Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Construction
WOOD
Total area
29,958 SF
Lot
2.09 ac (91,040 SF)
Zoning code
CC
APN
3742-13-24-2869
UPID
US53-1544834
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
-
Hotel & Motel
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.40M
Owner & transaction history
since 2011
1 recorded transaction
Zoning & alternative use
CC · Conover, NC
Zoning description
The Corridor Commercial District is established to provide primarily for auto dependent uses in areas not amenable to easy pedestrian access and a comfortable pedestrian environment. It is expected that the Corridor Comm…
General category
MIXED_USE
Top alternative use upside
Retail stores
$2.3M
+165.5%
Auto repair, garage
$1.7M
+96.1%
Medical building
$1.6M
+87.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.40M
Value range
$1.26M – $1.54M
±10% around blend
Estimated value / SF
$47 / SF
Confidence
Property data
88
Comparable evidence
60
$1.26M
blend $1.40M
$1.54M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
29,958 SF
Lot area
2.09 ac
Year built
1997
APN
3742-13-24-2869
Zoning
CC
Assessed value
$6,548,100
Annual tax
$51,959
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.48M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.60M
@ 6.5% CAP return
$1.48M
@ 7% CAP return
$1.37M
4
Sales comparison
Partial preview
Sales approach indication
$1.32M
Range $672k – $1.32M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.40M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+165%
vs current-use indication
Auto Repair, Garage
Medical Building
Office Building
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.55M
Move the market yield to see immediate price impact.
Value / SF
$219
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$413k
$8.25M
$5.89M
$4.58M
$458k
$9.17M
$6.55M
$5.09M
$504k
$10.08M
$7.20M
$5.60M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$51,959
Tax year 2023
Assessed value
$6,548,100
Assessed 2023
Previous assessed
$6,548,100
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$227,600
Assessed improvement
$6,320,500
Land market value
$227,600
Improvement market value
$6,320,500
Total market value
$6,548,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Units
92
Total area
29,958 SF
Lot
2.09 ac (91,040 SF)
Zoning code
CC
APN
3742-13-24-2869
UPID
US53-1544834
Jurisdiction
CATAWBA
Zoning & alternative use
CC · Conover, NCZoning CC · permitted uses
CC · Conover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Corridor Commercial District is established to provide primarily for auto dependent uses in areas not amenable to easy pedestrian access and a comfortable pedestrian environment. It is expected that the Corridor Comm…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Units
92
Lot
2.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CC
MIXED_USE
Jurisdiction
Conover, NC
Recorded code
CC
Official district
CC
Official district profile
What the municipal code says about CC
Zoning description
The Corridor Commercial District is established to provide primarily for auto dependent uses in areas not amenable to easy pedestrian access and a comfortable pedestrian environment. It is expected that the Corridor Comm…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Conover, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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