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Property profile & analytics
OFF-MARKET
Estimated value
$4,215,000
Strip malls
104 Thornburg SE Dr Conover, NC 28613-9300
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1929090
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
52,384 SF
Lot
6.47 ac (281,833 SF)
Zoning code
B-2-CD
APN
3741-07-67-5657
UPID
US53-1929090
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
-
Fuji Japanese Restaurant Restaurant
-
Coinstar Bank Credit Union
-
Smokes Unlimited (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.22M
Owner & transaction history
Nsp Cross Country Village LLC · 5 yrs held
Nsp Cross Country Village LLC
since 2020
Last sale
$4.4M
4 recorded transactions
Zoning & alternative use
B-2-CD · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+267.3%
Restaurant
$4.1M
+261.4%
Retail stores
$4.0M
+249.4%
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
$3,955,000
ML approach
$4,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,205,000
Change: +267% · Conversion: Easy
RESTAURANT
$4,140,000
Change: +261% · Conversion: Difficult
RETAIL STORES
$4,000,000
Change: +249% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,955,000
Change: +158% · Conversion: Difficult
MEDICAL BUILDING
$2,830,000
Change: +147% · Conversion: Difficult
OFFICE BUILDING
$2,685,000
Change: +134% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,680,000
Change: +134% · Conversion: Difficult
Blend value · Realmo final
$4.22M
Range $3.79M – $4.64M · ±10% · vs last sale $4.35M (Aug 13 2020)
Last sale anchor
$4.35M
Aug 13 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
$80 / 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
$24,368
Tax year 2023
Assessed value
$3,071,000
Assessed 2023
Previous assessed
$3,071,000
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$530,500
Assessed improvement
$2,540,500
Land market value
$530,500
Improvement market value
$2,540,500
Total market value
$3,071,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
52,384 SF
Lot
6.47 ac (281,833 SF)
Zoning code
B-2-CD
APN
3741-07-67-5657
UPID
US53-1929090
Jurisdiction
CATAWBA
Zoning & alternative use
B-2-CD · Conover, NC
Zoning B-2-CD · permitted uses
B-2-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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.2M
RESTAURANT
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1986
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
6.47 ac
Current owner
From public records · entity-resolved
Nsp Cross Country Village LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1100 E MOREHEAD ST, CHARLOTTE, NC 28204-2815
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Oct 28, 2021
—
Nsp Ctoss County Village LLC
—
Deed
related
$650,000 · Pinnacle Bank
Aug 13, 2020
$3,270,000
Nsp Cross Country Village LLC
Proveset Cross Country Village LLC
Special Warranty Deed
—
Aug 25, 2016
$2,650,000
Provest Cross Cntry Village Ll
Lsref3 Arizona Reo LLC
Grant Deed
related
$3,800,000 · Branch Bk&tr
Oct 30, 2014
—
Lsref3 Arizona Reo LLC
—
Grant Deed
related
$59,500,000 · Goldman Sachs Bk USA
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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