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Property profile & analytics
OFF-MARKET
Estimated value
$7,410,000
Manufacturing properties
1902 Emmanuel Church Rd Conover, NC 28613-7301
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-0100710
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Total area
213,422 SF
Lot
33.51 ac (1,459,696 SF)
Zoning code
M-1
APN
3741-16-94-9458
UPID
US53-0100710
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
-
Ideaitalia Contemporary Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.49M
Blend (final)
Blend
$7.41M
Owner & transaction history
M & M Real Estate INC · 11 yrs held
M & M Real Estate INC
since 2014
7 recorded transactions
Zoning & alternative use
M-1 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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)
$6,010,000
Current use
Blend value · Realmo final
$7.41M
Range $6.67M – $8.15M · ±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
$35 / 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
$73,229
Tax year 2023
Assessed value
$9,332,400
Assessed 2023
Previous assessed
$9,332,400
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$448,800
Assessed improvement
$8,883,600
Land market value
$448,800
Improvement market value
$8,883,600
Total market value
$9,332,400
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
1971
Heating
FORCED AIR
Cooling
NONE
Units
1
Total area
213,422 SF
Lot
33.51 ac (1,459,696 SF)
Zoning code
M-1
APN
3741-16-94-9458
UPID
US53-0100710
Jurisdiction
CATAWBA
Zoning & alternative use
M-1 · Conover, NC
Zoning 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
Conover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.0M
INDUSTRIAL (GENERAL) Current
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
1971
Heating
FORCED AIR
Cooling
Yes
Units
1
Lot
33.51 ac
Current owner
From public records · entity-resolved
M & M Real Estate INC
Entity
Free & Clear · 11 yrs held
Mailing address
1902 EMMANUEL CHURCH RD, CONOVER, NC 28613-7301
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2014
—
M & M Real Estate INC
M & M Real Estate LLC
Quit Claim Deed
—
Nov 1, 2007
$3,825,000
M & M Real Estate LLC
Ideaitalia Contemporary Furnit
Warranty Deed
related
—
Oct 25, 2007
$3,825,000
M M Real Estate LLC
Ideaitalla,contemporary F
Grant Deed
—
Nov 8, 2006
—
Italian Furniture C Ideaitalia
City Of Conover
Quit Claim Deed
related
—
Dec 5, 2005
—
Italian Furniture C Ideaitalia
—
Trustees Deed
related
$2,000,000 · Fifth Third Bank
Jan 19, 2005
—
Italian Furniture C Ideaitalia
Lane Co INC
Quit Claim Deed
related
—
Jan 19, 2005
$1,300,000
Italian Furniture C Ideaitalia
Lane Co INC
Warranty Deed
related
—
—
—
Contemporary Furnit Ideaitalia
—
Deed Of Trust
related
$3,500,000 · Bank Of Granite
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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