Technical
Financial
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Property profile

111 6Th Ave Conover, NC 28613

OFF-MARKET
Other commercial real estate
Property ID
US53-2003564
2.23 ac lot
Individually Owned 2-yr Hold
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Property summary

AI-generated overview

The property is an approximately 2.23-acre site located just outside downtown Conover at the beginning of Rock Barn Road. It is zoned P-1 and allows flexibility for multifamily residential, institutional, office, and select commercial uses. A stream is located along the eastern boundary, providing a natural buffer, and the site is stated to be outside of a designated flood zone. Preliminary development concepts indicate potential for up to 20 townhomes. The property has had a boundary and topographic survey prepared through coordination with the city planning department, an engineer, and a surveyor. The site has access to I-40 and Highway 16 and is positioned just outside Hickory, with an estimated driving time of about 45 minutes to Charlotte.

Property profile

Verified
Property type Other commercial real estate
Lot 2.23 ac (97,139 SF)
UPID US53-2003564

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

111 6Th Ave Conover, NC 28613
Conover metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
1 recorded transaction
2024
$16,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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