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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1385 Fairgrove Church SE Rd Conover, NC 28613-8611
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1423796
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Construction
WOOD
Total area
2,688 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C-2
APN
3721-08-89-4203
UPID
US53-1423796
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Shell Gas Station
-
ATM (Fast Track Convenience Stores) Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bhago LLC · 1 yrs held
Bhago LLC
since 2025
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
C-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,678
Tax year 2023
Assessed value
$548,100
Assessed 2023
Previous assessed
$548,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$266,200
Assessed improvement
$281,900
Land market value
$266,200
Improvement market value
$281,900
Total market value
$548,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,688 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C-2
APN
3721-08-89-4203
UPID
US53-1423796
Jurisdiction
CATAWBA
Zoning & alternative use
C-2 · Conover, NC
Zoning C-2 · permitted uses
C-2 · 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
1987
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Bhago LLC
Entity
Mailing address
589 N MAIN ST, TROUTMAN, NC 28166-8526
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
$1,250,000
Bhago LLC
Tulsi B LLC
Warranty Deed
$1,000,000 · First Community Bank (lexington
Jul 10, 2024
$675,000
Tulsi B LLC
Klr Real Estate LLC
Special Warranty Deed
$800,000 · First Community Bank (lexington
Apr 23, 2020
$586,000
Klr Real Estate LLC
James Clayton Faw
Special Warranty Deed
$13,800,000 · Hometrust Bank
—
—
J C Faw
—
Deed Of Trust
related
$425,000 · Communityone Bk NA
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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