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    1120 1st W St Conover, NC 28613

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    1120 1st W St Conover, NC 28613


    • Manufacturing properties
    • 33,010 SF
    • 2.83 lot acres
    Off-Market
    Last Sale Jun 14, 2024
    $2,000,000
    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.

    Value Estimations
    $2,000,000
    Show details
    Cap Rate Potential
    8.7%
    Manufacturing properties
    Location Intelligence

    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 Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,000,000
      ML approach
      $2,000,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,885,000
      6.5%
      $2,665,000
      7%
      $2,475,000
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,190,000
      OFFICE BUILDING
      $3,010,000
      COMMERCIAL (GENERAL)
      $2,075,000

    Get a detailed, property-specific estimation — fast and free


    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
    More about this property
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