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    Property profile & analytics

    1307 County Home Rd Conover, NC 28613-2341

    • Garden apartment buildings
    • 4,752 SF
    • 2.63 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    Nov 02, 2023
    $350,000
    Location Intelligence
    Property ID
    US53-1817724
    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

    • Garden apartment buildings

    Property Details for 1307 County Home Rd

    Year built
    1969
    Construction
    WOOD
    Lot size
    2.63 lot acres
    Property size
    4,752 SF
    Zone code
    R-9A
    Property type
    Garden apartment buildings
    APN
    3732-12-97-6292
    APU
    373212976292

    Description

    This exceptional investment opportunity presents a meticulously renovated 30-unit apartment building in Conover, North Carolina. The property, situated on a 2.63-acre lot (APN 373212976292), consists of five, two-story buildings, all recently upgraded. Completed in 2024, renovations included brand new roofs, windows (installed in 2023), soffit, fascia, gutters, exterior paint, and landscaping. Twenty of the thirty units have undergone full renovations. The property boasts 100% occupancy, offering a stabilized investment with a 7.40% cap rate and an asking price of $4,250,000 ($141,667 per unit). Built in 1969 and zoned R-A9, the complex includes an on-site laundry room and office space, equipped with new washers and dryers installed in 2024, though the office is not currently in full-time use. Its convenient location offers residents five-minute access to shopping and restaurants. This turnkey investment presents a strong potential for long-term growth and a steady income stream, making it an attractive opportunity for discerning investors. The property's energy-efficient upgrades, including LED lighting in some units and new windows, contribute to lower utility costs for both tenants and the owner.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $290,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $305,000
      Mixed-Use
      $310,000
      Hospitality
      $275,000
      Educational
      $350,000
      Residential Income
      $310,000
      Energy
      $345,000
      Income-Based Land
      $260,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Conover
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.225
    Latitude
    35.7279
    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
    $14,993
    $46,600
    $1,842,900
    $1,889,500
    -
    $46,600
    $1,842,900
    $1,889,500

    Comparable in this City

    • Value Estimation
      $2,240,000
      6,336 SF

      4887 County Home Rd, Unit A1

      GARDEN APT, COURT APT (5+ UNITS) • 6,336 SF
      4887 County Home Rd, Conover, NC 28613-8092
      View Details
    • Value Estimation
      $435,000
      12,400 SF

      216 1st N Ave

      GARDEN APT, COURT APT (5+ UNITS) • 12,400 SF
      216 1st N Ave, Conover, NC 28613-2234
      View Details
    • Value Estimation
      $17,670,000
      7,684 SF

      1011 County Home Rd

      GARDEN APT, COURT APT (5+ UNITS) • 7,684 SF
      1011 County Home Rd, Conover, NC 28613-2544
      View Details
    • Value Estimation
      $410,000
      4,488 SF

      1260 33rd SE St

      GARDEN APT, COURT APT (5+ UNITS) • 4,488 SF
      1260 33rd SE St, Conover, NC 28613-8015
      View Details
    • Value Estimation by Request
      8,939 SF

      409 Rock Barn NE Rd

      GARDEN APT, COURT APT (5+ UNITS) • 8,939 SF
      409 Rock Barn NE Rd, Conover, NC 28613-1713
      View Details
    • Value Estimation
      $420,000
      12,490 SF

      1368 33rd SE St

      GARDEN APT, COURT APT (5+ UNITS) • 12,490 SF
      1368 33rd SE St, Conover, NC 28613-8016
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      View Details
    • Contact for pricing
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      View Details
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    1307 County Home Rd
    Conover, NC 28613-2341
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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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