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Property profile & analytics
OFF-MARKET
Retail space
1561 Fairgrove Church SE Rd Conover, NC 28613-9211
Entity Owned
Free & Clear
Property ID
US53-1497416
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Total area
1,976 SF
Lot
0.57 ac (24,829 SF)
Zoning code
B-4
APN
3721-08-87-6627
UPID
US53-1497416
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
-
Oasis Auto Sales Car Dealership
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
CENTER DEVELOPMENT INC
CENTER DEVELOPMENT INC
Zoning & alternative use
B-4 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district provides a location for larger scale businesses and services which do not necessarily require a central location and may serve the surrounding region. These businesses and services typically locate in areas with high capacity transportation networks. Lots in the B 4 District serving a residential purpose in conformance with the Conover Code of…
Zone name
General Business
General category
COMMERCIAL
Zone area
629.69 ac
Source
Realmo
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
$2,397
Tax year 2023
Assessed value
$302,100
Assessed 2023
Previous assessed
$302,100
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$161,300
Assessed improvement
$140,800
Land market value
$161,300
Improvement market value
$140,800
Total market value
$302,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Units
1
Total area
1,976 SF
Lot
0.57 ac (24,829 SF)
Zoning code
B-4
APN
3721-08-87-6627
UPID
US53-1497416
Jurisdiction
CATAWBA
Zoning & alternative use
B-4 · Conover, NCZoning B-4 · permitted uses
B-4 · Conover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district provides a location for larger scale businesses and services which do not necessarily require a central location and may serve the surrounding region. These businesses and services typically locate in areas with high capacity transportation networks. Lots in the B 4 District serving a residential purpose in conformance with the Conover Code of Ordinances on January 1st, 2020 shall be deemed to be conforming. Permits for new residential construction in the B 4 District will not be issued after January 1st, 2020.
Zone name
General Business
General category
COMMERCIAL
Zone area
629.69 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Heating
HOT WATER
Cooling
Yes
Buildings
2
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
CENTER DEVELOPMENT INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 199, TERRELL, NC 28682-0199
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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