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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Warehouses
201 Dehart Motor Terminal SW Rd Conover, NC 28613-9356
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1086203
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
17,816 SF
Lot
2.4 ac (104,544 SF)
Zoning code
EM-1
APN
3731-10-46-3277
UPID
US53-1086203
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
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$1.02M
Owner & transaction history
Brentech Management Company · 2 yrs held
Brentech Management Company
since 2023
Last sale
$965,000
4 recorded transactions
Zoning & alternative use
EM-1 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established for the exclusive use of manufacturing type uses. The establishment of this district recognizes the necessity of providing and maintaining manufacturing areas which are protected from the intrusion of incompatible uses. It is not intended to permit in this district any use which is inherently obnoxious to urban areas, because of…
Zone name
Exclusive Manufacturing
General category
INDUSTRIAL
Zone area
548.91 ac
Source
Realmo
Top alternative use upside
Office building
$1.6M
+143.4%
Commercial (general)
$1.1M
+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
$1,085,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$665,000
Current use
OFFICE BUILDING
$1,625,000
Change: +143% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,120,000
Change: +68% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $965k (Oct 3 2023)
Last sale anchor
$965k
Oct 3 2023
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
$57 / 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
$3,896
Tax year 2023
Assessed value
$491,000
Assessed 2023
Previous assessed
$491,000
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$87,900
Assessed improvement
$403,100
Land market value
$87,900
Improvement market value
$403,100
Total market value
$491,000
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
1969
Heating
FORCED AIR
Cooling
NONE
Units
1
Total area
17,816 SF
Lot
2.4 ac (104,544 SF)
Zoning code
EM-1
APN
3731-10-46-3277
UPID
US53-1086203
Jurisdiction
CATAWBA
Zoning & alternative use
EM-1 · Conover, NCZoning EM-1 · permitted uses
EM-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 established for the exclusive use of manufacturing type uses. The establishment of this district recognizes the necessity of providing and maintaining manufacturing areas which are protected from the intrusion of incompatible uses. 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
Exclusive Manufacturing
General category
INDUSTRIAL
Zone area
548.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$665,000
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
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
1969
Heating
FORCED AIR
Cooling
Yes
Units
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Brentech Management Company
Entity
Free & Clear · 2 yrs held
Mailing address
650 HENDERSON DR STE #409, CARTERSVILLE, GA 30120-3758
Ownership since
2023
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
Oct 3, 2023
$965,000
Brentech Management Company
Select Development INC
Special Warranty Deed
—
Oct 20, 2008
—
David A Ridgway
Piedmont Holdings LLP
Warranty Deed
—
Oct 15, 2008
—
David A Ridgway
Piedmont Holdings LLP
Grant Deed
$596,387 · Bank Of Granite
—
—
David A Ridgway
—
Deed Of Trust
related
$596,387 · 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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