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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Warehouses
1118 1st St Wa Conover, NC 28613-9620
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-2163183
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Total area
120,525 SF
Lot
18.95 ac (825,462 SF)
Zoning code
EM-1
APN
3732-15-54-2910
UPID
US53-2163183
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
-
Thomasville Furniture Warehouse Big Box & Wholesale Store Furniture & Home Goods
-
Viking Satcom Warehouse Big Box & Wholesale Store
-
Natural Apiary Specialty Food Shop Farmer's Market
-
Warehouse Logix Warehouse & Storage
-
North Carolina Custom Leather Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.54M
Owner & transaction history
Schwarz Properties LLC · 7 yrs held
Schwarz Properties LLC
since 2018
4 recorded transactions
Zoning & alternative use
EM-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10%
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
$13 / 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
$12,521
Tax year 2023
Assessed value
$1,578,000
Assessed 2023
Previous assessed
$1,578,000
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$352,800
Assessed improvement
$1,225,200
Land market value
$352,800
Improvement market value
$1,225,200
Total market value
$1,578,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
120,525 SF
Lot
18.95 ac (825,462 SF)
Zoning code
EM-1
APN
3732-15-54-2910
UPID
US53-2163183
Jurisdiction
CATAWBA
Zoning & alternative use
EM-1 · Conover, NC
Zoning EM-1 · permitted uses
EM-1 · 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
1982
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
18.95 ac
Current owner
From public records · entity-resolved
Schwarz Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 1104, ASHEBORO, NC 27204-1104
Ownership since
2018
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 31, 2018
—
Schwarz Properties LLC
—
Deed
related
$1,370,000 · Miscellaneous Ins Co
Aug 21, 2018
$464,000
Schwarz Properties LLC
John & Jeff Schwarz LLC
Warranty Deed
—
Sep 19, 2014
$100,000
John & Jeff Schwarz LLC
Tfi Wind Down INC
Grant Deed
—
—
—
Schwarz Properties LLC
—
Deed Of Trust
related
$1,370,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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