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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Drive through restaurants
1237 Nc 16th Hwy Conover, NC 28613-8947
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-5598374
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2007
Construction
WOOD
Total area
2,786 SF
Lot
1 ac (43,560 SF)
Zoning code
CC-CD
APN
3742-10-46-6439
UPID
US53-5598374
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
-
Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
Nadg Nnn Bk Nc LP · 5 yrs held
Nadg Nnn Bk Nc LP
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
CC-CD · 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
$1,960,000
ML approach
$1,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±10% · vs last sale $2.32M (Apr 20 2021)
Last sale anchor
$2.32M
Apr 20 2021
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
$770 / 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
$9,254
Tax year 2023
Assessed value
$1,166,200
Assessed 2023
Previous assessed
$1,166,200
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$482,600
Assessed improvement
$683,600
Land market value
$482,600
Improvement market value
$683,600
Total market value
$1,166,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,786 SF
Lot
1 ac (43,560 SF)
Zoning code
CC-CD
APN
3742-10-46-6439
UPID
US53-5598374
Jurisdiction
CATAWBA
Zoning & alternative use
CC-CD · Conover, NC
Zoning CC-CD · permitted uses
CC-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.
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Nadg Nnn Bk Nc LP
Entity
Free & Clear · 5 yrs held
Mailing address
3131 MCKINNEY AVE STE L10, DALLAS, TX 75204-2430
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2021
$2,323,000
Nadg Nnn Bk Nc LP
Oreof19 Br LLC
Special Warranty Deed
—
Oct 7, 2020
—
Oreof19 Br LLC
—
Deed
related
$53,300 · Cibc Bk USA
Sep 14, 2020
$1,900,000
Oreof19 Br LLC
Richport Net Lease LLC
Grant Deed
—
Mar 2, 2016
$2,542,000
Blueroad Net Lease LLC
Brauvin Net Lease LLC
Warranty Deed
—
Feb 29, 2008
$1,565,000
Brauvin Net Lease LLC
Heartland Southeast LLC
Grant Deed
related
—
Feb 15, 2008
$1,565,000
Brauvin Net Lease LLC
Heartland Southeast LLC
Grant Deed
—
Dec 7, 2007
$700,000
Heartland Southeast LLC
Rocky Mount Associates LLC
Grant Deed
—
Oct 1, 2007
$605,000
Zaxbys Holdings LLC
Rocky Mount Associates LLC
Grant Deed
related
—
—
—
Oreof19 Br LLC
—
Loan Modification
related
$53,300 · Cibc 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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