Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Warehouses
1802 Evans NE St Conover, NC 28613-9042
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1694308
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Total area
46,135 SF
Lot
6.71 ac (292,288 SF)
Zoning code
M-1
APN
3751-05-19-3645
UPID
US53-1694308
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.33M
Owner & transaction history
Nascar Event Management INC · 11 yrs held
Nascar Event Management INC
since 2015
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
Commercial (general)
$2.9M
+68.1%
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
WAREHOUSE, STORAGE
$1,725,000
Current use
COMMERCIAL (GENERAL)
$2,905,000
Change: +68% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±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
$50 / 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
$14,098
Tax year 2023
Assessed value
$1,776,700
Assessed 2023
Previous assessed
$1,776,700
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$363,300
Assessed improvement
$1,413,400
Land market value
$363,300
Improvement market value
$1,413,400
Total market value
$1,776,700
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
1995
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
46,135 SF
Lot
6.71 ac (292,288 SF)
Zoning code
M-1
APN
3751-05-19-3645
UPID
US53-1694308
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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE 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
1995
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
6.71 ac
Current owner
From public records · entity-resolved
Nascar Event Management INC
Entity
Free & Clear · 11 yrs held
Mailing address
1 DAYTONA BLVD #109, DAYTONA BEACH, FL 32114-1212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
May 15, 2015
—
Nascar Event Management INC
Carolina-conover Co LLC
Grant Deed
related
—
Apr 14, 2015
—
Nascar Event Management INC
Carolina-conover Co LLC
Grant Deed
—
Jul 10, 2006
—
Carolina-conover Co LLC
Delaware General Co Corp
Quit Claim Deed
related
—
Dec 7, 2005
$1,246,000
Carolina-conover Co LLC
Delaware General Corp
Warranty Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1802 Evans NE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
