Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1343 Rock Barn NE Rd Conover, NC 28613-7565
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1343 Rock Barn NE Rd Conover, NC 28613-7565

    View on Map
    • Grocery and convenience stores
    • 10,990 SF
    • 6.27 lot acres
    Off-Market
    Property ID
    US53-1819031
    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
    $1,875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Subway / Take-out & Catering / Catering Service
    • Dunkin' / Cafe & Coffee Shop
    • Pilot Travel Center / Parking Lot & Garage / Gas Station
    • CAT Scale / Parking Lot & Garage / Gas Station
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 1343 Rock Barn NE Rd

    Year built
    1995
    Lot size
    6.27 lot acres
    Property size
    10,990 SF
    Zone code
    B-2
    Property type
    Grocery and convenience stores
    APN
    3752-13-04-2584
    APU
    375213042584

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,450,000
      6.5%
      $2,260,000
      7%
      $2,100,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,647,000
      Market price range: $631k - $1.65M

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

    Location Insight

    • Map
    • Local Demand
    City
    Conover
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.1892
    Latitude
    35.7211
    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
    $23,131
    $630,800
    $2,284,300
    $2,915,100
    -
    $630,800
    $2,284,300
    $2,915,100

    Comparable in this City

    • Value Estimation
      $850,000
      2,400 SF

      119 1st W St

      CONVENIENCE STORE • 2,400 SF
      119 1st W St, Conover, NC 28613-2148
      View Details
    • Value Estimation by Request
      1,320 SF

      302 1st W St

      CONVENIENCE STORE • 1,320 SF
      302 1st W St, Conover, NC 28613-2129
      View Details
    • Value Estimation by Request
      1,932 SF

      606 Conover W Blvd

      CONVENIENCE STORE • 1,932 SF
      606 Conover W Blvd, Conover, NC 28613-2922
      View Details
    • Value Estimation by Request
      2,400 SF

      1370 Fairgrove Church SE Rd

      CONVENIENCE STORE • 2,400 SF
      1370 Fairgrove Church SE Rd, Conover, NC 28613-8611
      View Details
    • Value Estimation by Request
      4,300 SF

      70 Fairgrove Church SE Rd

      CONVENIENCE STORE • 4,300 SF
      70 Fairgrove Church SE Rd, Conover, NC 28613-8640
      View Details
    • Value Estimation by Request
      3,006 SF

      1612 Conover E Blvd

      CONVENIENCE STORE • 3,006 SF
      1612 Conover E Blvd, Conover, NC 28613-9316
      View Details

    Similar Nearby for Sale

    • $640,000

      Conover Commercial Building For Sale

      Commercial building in high-traffic area near I-40 and downtown.
      317 1St St E, Conover, NC 28613
      View Details
    • $800,000
      2.12 Acres

      Prime Commercial Land Near I-40

      2-acre commercial land near Rock Barn exit with high visibility.
      1350 Rock Barn Rd NE, Conover, NC 28613
      View Details
    • Contact for pricing

      Corner Lot Near Shopping Center

      Hard corner lot available near commercial development and schools.
      410 10Th St NW, Conover, NC 28613
      View Details
    • $850,000
      0.97 Acres

      Downtown Conover Investment Opportunity

      Prime commercial property with long-term tenants in thriving downtown location.
      106 1St Ave S, Conover, NC 28613
      View Details
    • Contact for pricing
      4,262 SF

      Downtown Conover Investment Opportunity

      Commercial property with long-term tenants in downtown Conover.
      106 1St Ave S, Conover, NC 28613
      View Details
    • $250,000
      Pending

      Secluded 28-Acre Homestead Parcel

      Secluded 28-acre parcel ideal for homestead or mini-farm.
      28.8 Acres +/- Carver House Rd, Conover, NC 28613
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Conover Center

      Retail spaces available in shopping center with high traffic.
      508 10Th St NW, Conover, NC 28613
      View Details
    • Contact for pricing
      20,000 SF

      Freestanding Retail Opportunity on Hwy 70

      20,000 SF retail building on 8.6 acres near I-40.
      814 Conover Blvd West, Conover, NC 28613
      View Details
    • Contact for pricing
      1,306 SF

      Conover Office Space For Rent

      Office space available in Conover, near Highway 16.
      301 10Th Street Pl NW, Conover, NC 28613
      View Details
    • Contact for pricing

      Conover Industrial Space For Lease

      Flexible industrial space in Conover suitable for various operations.
      633 4Th Street Pl SW, Conover, NC 28613
      View Details
    • Contact for pricing

      19.9 Acres Industrial Land Available

      19.9 acres of industrial land with immediate I-40 access.
      Punch Loop Rd, Conover, NC 28613
      View Details
    • Contact for pricing

      High Visibility Commercial Land

      Commercial land with high visibility and flexible zoning.
      3362 15Th Avenue Blvd SE, Conover, NC 28613
      View Details

    Property Visit Statistics

    • Visits by month
      5.3k
    • Visitors by month
      4.6k
    • Avg Time on site
      36 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1343 Rock Barn NE Rd
    Conover, NC 28613-7565
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!