New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Warehouses
221st S Mclin Crk Rd, Conover, NC 28613-9025
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-5636806
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
142,492 SF
Lot
8.25 ac (359,370 SF)
Zoning code
EM-1
APN
3741-12-96-6500
UPID
US53-5636806
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
$2.71M
Blend (final)
Blend
$2.75M
Owner & transaction history
Nrc Mclin Owner LLC
Nrc Mclin Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
EM-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
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±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
$19 / 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
$26,358
Tax year 2023
Assessed value
$3,321,800
Assessed 2023
Previous assessed
$3,321,800
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$332,100
Assessed improvement
$2,989,700
Land market value
$332,100
Improvement market value
$2,989,700
Total market value
$3,321,800
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
1974
Heating
FORCED AIR
Cooling
NONE
Units
1
Total area
142,492 SF
Lot
8.25 ac (359,370 SF)
Zoning code
EM-1
APN
3741-12-96-6500
UPID
US53-5636806
Jurisdiction
CATAWBA
Zoning & alternative use
EM-1 · Conover, NC
Zoning 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
Conover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Units
1
Lot
8.25 ac
Current owner
From public records · entity-resolved
Nrc Mclin Owner LLC
Entity
Mailing address
221 S MCLIN CRK RD STE #810, CONOVER, NC 28613-9025
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Oct 30, 2025
—
Nrc Mclin Owner LLC
—
Deed
related
$11,000,000 · Southstate Bank NA
Oct 22, 2025
—
Nrc Mclin Owner LLC
221 Mclin LLC
Special Warranty Deed
$11,000,000 · Southstate Bank NA
Jul 28, 2025
—
Axjo America INC
221 Mclin LLC
Deed
—
Oct 26, 2023
—
Axjo America INC
221 Mclin LLC
Lease
—
May 15, 2023
$5,500,000
221 Mclin LLC
Axjo America INC
Special Warranty Deed
$3,575,000 · Busey Bank
May 12, 2023
—
Axjo America INC
Little Lake Real Estate LLC
Special Warranty Deed
—
Apr 15, 2020
—
Little Lake Real Estate LLC
—
Deed
related
$1,700,000 · First Horizon Bank
Aug 1, 2018
—
Little Lake Real Estate LLC
—
Deed
related
$250,000 · 200 First Ave Nw LLC
Feb 23, 2016
$1,775,000
Little Lake Real Estate LLC
Lamoe LLC
Warranty Deed
$1,395,000 · Wells Fargo Bank NA
—
—
Little Lake Real Estate LLC
—
Deed Of Trust
related
$250,000 · 200 First Ave Nw LLC
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 221st S Mclin Crk Rd?
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.
