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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Manufacturing properties
1661 4th SW St Conover, NC 28613-9633
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-0991280
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Construction
METAL FRAME
Total area
21,729 SF
Lot
3.63 ac (158,123 SF)
Zoning code
B-4
APN
3731-09-06-5764
UPID
US53-0991280
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
-
Windak Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$948k
Blend (final)
Blend
$880k
Owner & transaction history
CAROLINA BOTTLING CORPORATION
CAROLINA BOTTLING CORPORATION
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
Top alternative use upside
Commercial (general)
$1.4M
+123.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$610,000
Current use
COMMERCIAL (GENERAL)
$1,365,000
Change: +123% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / SF
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
$9,407
Tax year 2023
Assessed value
$1,185,500
Assessed 2023
Previous assessed
$1,185,500
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$325,200
Assessed improvement
$860,300
Land market value
$325,200
Improvement market value
$860,300
Total market value
$1,185,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
21,729 SF
Lot
3.63 ac (158,123 SF)
Zoning code
B-4
APN
3731-09-06-5764
UPID
US53-0991280
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.63 ac
Current owner
From public records · entity-resolved
CAROLINA BOTTLING CORPORATION
Individual
Free & Clear · 0 yrs held
Mailing address
1413 JAKE ALEXANDER BLVD S, SALISBURY, NC 28146-8359
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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