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Property profile & analytics
OFF-MARKET
Retail space
212 1st W St Conover, NC 28613-2108
Entity Owned
Free & Clear
Property ID
US53-1771442
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
4,440 SF
Lot
0.24 ac (10,454 SF)
Zoning code
B-3
APN
3741-05-19-1719
UPID
US53-1771442
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
-
New-Con Electric Co Construction Company General Contractor
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
NEW CON ELECTRIC COMPANY INC
NEW CON ELECTRIC COMPANY INC
Zoning & alternative use
B-3 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is the central shopping area of the city and functions as the historic main commercial area. It is established for those uses which normally require a central location and which provide merchandise and services to be used by the entire city and its environs. It is intended that this district shall develop and be maintained with a strong focus o…
Zone name
Central Business
General category
COMMERCIAL
Zone area
32.33 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
$1,750
Tax year 2023
Assessed value
$220,500
Assessed 2023
Previous assessed
$220,500
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$41,800
Assessed improvement
$178,700
Land market value
$41,800
Improvement market value
$178,700
Total market value
$220,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
4,440 SF
Lot
0.24 ac (10,454 SF)
Zoning code
B-3
APN
3741-05-19-1719
UPID
US53-1771442
Jurisdiction
CATAWBA
Zoning & alternative use
B-3 · Conover, NCZoning B-3 · permitted uses
B-3 · 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 the central shopping area of the city and functions as the historic main commercial area. It is established for those uses which normally require a central location and which provide merchandise and services to be used by the entire city and its environs. It is intended that this district shall develop and be maintained with a strong focus on pedestrian connectivity throughout the area and incorporating quality urban design in new construction and renovations by placing buildings close to the public sidewalk area and providing architectural elements to the building faade(s) such as large storefront windows and doors to welcome patrons and create a sense of place.
Zone name
Central Business
General category
COMMERCIAL
Zone area
32.33 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1962
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
NEW CON ELECTRIC COMPANY INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 202, CONOVER, NC 28613-0202
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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