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    Property profile & analytics

    1120 1st W St Conover, NC 28613

    • Manufacturing properties
    • 33,010 SF
    • 2.83 lot acres
    OFF-MARKET
    Value Estimation
    $2,025,000
    Last Sale
    Jun 14, 2024
    $2,000,000
    Location Intelligence
    Property ID
    US53-2059428
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1120 1st W St

    Year built
    1985
    Lot size
    2.83 lot acres
    Property size
    33,010 SF
    Zone code
    EM-1
    Property type
    Manufacturing properties
    APN
    3732-14-44-6756
    APU
    373214446756

    Description

    This exceptional Conover, NC industrial property offers 32,500 square feet of warehouse space, complemented by an additional 5,000 square feet of covered area. The property boasts two buildings constructed in 1985 and sits on a 2.83-acre lot. The warehouse features upgraded LED lighting throughout and high ceilings ranging from 11'3" to 12'8", providing ample vertical space for storage and operations. Loading and unloading are facilitated by three dock-high doors and one drive-in door. Approximately 1,000 square feet are dedicated to office and restroom amenities, offering convenient workspace. The property is zoned EM-1 and is serviced by Duke Energy. The building's roof has been recently upgraded. This Class C property presents a versatile solution for various manufacturing or distribution businesses. The expansive lot offers potential for future expansion, such as a fenced yard or additional shed construction. The property's APN is 373214446756. This single-tenant property is currently vacant and ready for immediate occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,155,000
      6.5%
      $1,830,000
      7%
      $2,070,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,295,000
      Geo Method
      $1,825,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,185,000
      Retail
      $2,215,000
      Mixed-Use
      $1,920,000
      Hospitality
      $1,970,000
      Educational
      $2,045,000
      Residential Income
      $2,345,000
      Energy
      $1,985,000
      Income-Based Land
      $2,370,000
      Food Service
      $1,845,000

    Location Insight

    • Map
    • Local Demand
    City
    Conover
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.2418
    Latitude
    35.7208
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,196
    $94,300
    $938,600
    $1,032,900
    -
    $94,300
    $938,600
    $1,032,900

    Comparable in this City

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    1120 1st W St
    Conover, NC 28613
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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