Property profile

126 1st W St Conover, NC 28613

OFF-MARKET
Commercial real estate
Property ID
US53-1104955
1,875 SF 0.05 ac lot Built 1940
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 1,875 square foot retail property is located at 126 1st Street West in the heart of historic downtown Conover, North Carolina. Situated on a 0.05-acre lot, this building enjoys excellent visibility and accessibility due to its prime location at a five-point intersection. The property boasts a consistent rental history, making it an attractive investment opportunity. The interior features a front lobby, a large studio space, a bathroom, and a dressing room, offering versatile layout options for a variety of retail uses. The building's strategic location provides easy access to major transportation arteries, including Interstate 40, Business 321, and Highway 16, ensuring high traffic flow and convenient access for customers and employees. Conover offers a charming, small-town atmosphere, creating a welcoming environment for businesses and residents alike. This property presents a unique chance to establish or expand a retail presence in a thriving, close-knit community with a rich history. The combination of high visibility, convenient location, and consistent rental income makes this an exceptional opportunity for investors seeking a strong return on investment in a desirable downtown setting.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction WOOD
Total area 1,875 SF
Lot 0.05 ac (2,178 SF)
Zoning code B-3
APN 3741-05-19-2642
UPID US53-1104955

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Training Center

Location

126 1st W St Conover, NC 28613-2106
Conover metro Census 10204 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$140k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2025
Last sale
$160,000
6 recorded transactions
2025
$160,000
2022
$183,000
2020
Price N/A
2016
$105,000
2016
Price N/A
2014
Price N/A

Zoning & alternative use

B-3 · Conover, NC
Zoning description

This district is the central shopping area of the city and functions as the historic main commercial area. It is established for those uses which normally require a central location and which provide merchandise and serv…

General category COMMERCIAL

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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