1750 Lap Rd Conover, NC 28613
This exceptional 45.9-acre parcel in Conover, North Carolina, presents a unique investment opportunity. Strategically located along Interstate 40 West, between exits 133 (Rock Barn Road) and 132 (Thornburg Drive/Hwy 16), this property boasts an average daily traffic count exceeding 45,500 vehicles. The land is zoned R-20 (Residential) and B-2 (Commercial), with the city of Conover indicating a future plan for industrial zoning. This flexibility allows for a wide range of development possibilities, including large-scale retail, corporate offices, or a mixed-use development. Its prime location, coupled with convenient access via a dedicated access road (Lap Road) connecting to Rock Barn Road, makes it highly attractive. Existing infrastructure is readily available, with sewer mains running along the eastern boundary and water and sewer mains located within 200 feet of the property line on Lap Road (refer to the provided utility map for details). The property's size and zoning make it ideal for a variety of commercial and residential projects, aligning perfectly with the city's future land development plans. The APN is 374212968400. The asking price is $2,590,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.