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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Warehouses
1700 Alum NE Ct Conover, NC 28613-8888
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-1680127
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
12,726 SF
Lot
3 ac (130,680 SF)
Zoning code
M-1
APN
3752-17-00-3762
UPID
US53-1680127
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
-
Tru-Pak Moving Systems Moving Company
-
Standard Moving Pad Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$925k
Owner & transaction history
William Dale Smith JR · 2 yrs held
William Dale Smith JR
since 2024
Last sale
$925,000
4 recorded transactions
Zoning & alternative use
M-1 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is reserved to provide areas for manufacturing as a primary use and other ancillary, smaller scale commercial uses. These ancillary uses should not interfere with the growth or operation of the manufacturing community. It is not intended to permit in this district any use which is inherently obnoxious to urban areas because of noise, odors, smo…
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
2,672.04 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$1.5M
+212.6%
Auto repair, garage
$1.3M
+172.2%
Retail stores
$1.2M
+158.0%
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
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$1,350,000
6.5%
$1,245,000
7%
$1,160,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,490,000
Change: +213% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,295,000
Change: +172% · Conversion: Easy
RETAIL STORES
$1,230,000
Change: +158% · Conversion: Moderate
OFFICE BUILDING
$1,160,000
Change: +143% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: +68% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (Feb 1 2024)
Last sale anchor
$925k
Feb 1 2024
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
$73 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$126
Tax year 2024
Assessed value
$593,600
Assessed 2024
Previous assessed
$593,600
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$147,900
Assessed improvement
$445,700
Land market value
$147,900
Improvement market value
$445,700
Total market value
$593,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
12,726 SF
Lot
3 ac (130,680 SF)
Zoning code
M-1
APN
3752-17-00-3762
UPID
US53-1680127
Jurisdiction
CATAWBA
Zoning & alternative use
M-1 · Conover, NCZoning M-1 · permitted uses
M-1 · Conover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is reserved to provide areas for manufacturing as a primary use and other ancillary, smaller scale commercial uses. These ancillary uses should not interfere with the growth or operation of the manufacturing community. It is not intended to permit in this district any use which is inherently obnoxious to urban areas because of noise, odors, smoke, light, dust, or the use of dangerous materials.
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
2,672.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
William Dale Smith JR
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 5371, CHARLOTTE, NC 28299-5371
Ownership since
2024
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
Feb 1, 2024
$925,000
William Dale Smith JR
Tru Pak Moving Systems INC
Special Warranty Deed
—
Mar 25, 2020
—
Tru Pak Moving Systems INC
John F Siegel
Warranty Deed
$499,900 · Crescom Bank
—
—
John F Siegel
—
Deed Of Trust
related
$658,000 · Carolina Trust Bank
—
—
John F Siegel
—
Deed Of Trust
related
$262,060 · Branch Banking & Trust Co
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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