Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
2028 Conover E Blvd Conover, NC 28613-9664
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1908996
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
METAL FRAME
Total area
7,500 SF
Lot
1.2 ac (52,272 SF)
Zoning code
M-1
APN
3751-07-59-2032
UPID
US53-1908996
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dan Ray Timmerman SR. · 1 yrs held
Dan Ray Timmerman SR.
since 2025
Last sale
$215,000
7 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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,538
Tax year 2023
Assessed value
$244,200
Assessed 2023
Previous assessed
$244,200
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$52,300
Assessed improvement
$191,900
Land market value
$52,300
Improvement market value
$191,900
Total market value
$244,200
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
2006
Construction
METAL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,500 SF
Lot
1.2 ac (52,272 SF)
Zoning code
M-1
APN
3751-07-59-2032
UPID
US53-1908996
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
Building & site characteristics
From public records
Year built
2006
Construction
METAL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Dan Ray Timmerman SR.
Individual
Mailing address
PO BOX 1155, CONOVER, NC 28613-1155
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
Dan Ray Timmerman SR.
Dan Ray Timmerman SR.
Warranty Deed
related
—
Feb 15, 2024
—
Dan Ray Timmerman SR.
Dan Ray Timmerman SR.
Intrafamily Transfer
related
—
Mar 30, 2012
$215,000
Dan R Timmerman SR.
Bank Of Granite
Grant Deed
—
Nov 2, 2010
$300,000
Bank Of Granite
M & K Ents LLC
Grant Deed
—
Apr 2, 2008
—
M & K Ents LLC
—
Trustees Deed
related
$100,000 · Bank Of Granite
Feb 22, 2007
—
M & K Ents LLC
—
Trustees Deed
related
$300,000 · Bank Of Granite
Oct 17, 2005
$67,500
M & K Ents LLC
Tac Properties LLC
Warranty Deed
—
—
—
M K Enterprises LLC
—
Deed Of Trust
related
$100,000 · Bank Of Granite
—
—
M K Enterprises LLC
—
Deed Of Trust
related
$200,000 · Bank Of Granite
—
—
M K Enterprises LLC
—
Deed Of Trust
related
$50,000 · 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.
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 2028 Conover E Blvd?
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.
