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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Retail space
318 1st W St Conover, NC 28613
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US53-1608296
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Total area
4,000 SF
Lot
3.41 ac (148,540 SF)
Zoning code
P-1
APN
3742-17-00-7246
UPID
US53-1608296
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
-
Krista Whitener Academy of Dance Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$645k
Blend (final)
Blend
$605k
Owner & transaction history
Krista Whitener Biddix · 20 yrs held
Krista Whitener Biddix
since 2005
1 recorded transaction
Zoning & alternative use
P-1 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The P-1 District is designed to accommodate medical and other professional offices, civic uses, and residential uses. It functions as a transitional zone between residential and zones which accommodate more intensive commercial uses.
Zone name
Office And Institution
General category
CIVIC_INSTITUTIONAL
Zone area
118.76 ac
Source
Realmo
Top alternative use upside
Medical building
$760,000
+96.6%
Auto repair, garage
$410,000
+5.5%
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%
$730,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
RETAIL STORES
$385,000
Current use
MEDICAL BUILDING
$760,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$410,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$365,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$151 / 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
$3,912
Tax year 2023
Assessed value
$493,000
Assessed 2023
Previous assessed
$493,000
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$312,100
Assessed improvement
$180,900
Land market value
$312,100
Improvement market value
$180,900
Total market value
$493,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,000 SF
Lot
3.41 ac (148,540 SF)
Zoning code
P-1
APN
3742-17-00-7246
UPID
US53-1608296
Jurisdiction
CATAWBA
Zoning & alternative use
P-1 · Conover, NCZoning P-1 · permitted uses
P-1 · Conover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The P-1 District is designed to accommodate medical and other professional offices, civic uses, and residential uses. It functions as a transitional zone between residential and zones which accommodate more intensive commercial uses.
Zone name
Office And Institution
General category
CIVIC_INSTITUTIONAL
Zone area
118.76 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$385,000
MEDICAL BUILDING
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$410,000
OFFICE BUILDING
Est. value
$365,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1983
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
3.41 ac
Current owner
From public records · entity-resolved
Krista Whitener Biddix
Individual
Mailing address
131 DRAPER DR, STATESVILLE, NC 28625-2541
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2005
$210,000
Krista Whitener Biddix
John R Flowers
Warranty Deed
$209,000 · Peoples Bank
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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