New search
Property profile & analytics
OFF-MARKET
Assisted living facilities
3430 Lester St, Conover, NC 28613-9685
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-5678475
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1982
Construction
WOOD
Total area
18,610 SF
Lot
10.11 ac (440,392 SF)
Zoning code
R-20
APN
3732-09-27-2010
UPID
US53-5678475
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
-
Heritage Care Nursing Home
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
Fremont Properties LLC · 9 yrs held
Fremont Properties LLC
since 2017
5 recorded transactions
Zoning & alternative use
R-20 · 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
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
$6,211
Tax year 2023
Assessed value
$1,236,100
Assessed 2023
Previous assessed
$1,236,100
+0.0% YoY
Effective rate
0.50%
On assessed value
Assessed land
$121,800
Assessed improvement
$1,114,300
Land market value
$121,800
Improvement market value
$1,114,300
Total market value
$1,236,100
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Units
32
Total area
18,610 SF
Lot
10.11 ac (440,392 SF)
Zoning code
R-20
APN
3732-09-27-2010
UPID
US53-5678475
Jurisdiction
CATAWBA
Zoning & alternative use
R-20 · Conover, NC
Zoning R-20 · permitted uses
R-20 · 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
1982
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Buildings
2
Units
32
Lot
10.11 ac
Current owner
From public records · entity-resolved
Fremont Properties LLC
Entity
Mailing address
PO BOX 628, KERNERSVILLE, NC 27285-0628
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2017
—
Fremont Properties LLC
—
Deed
related
$1,500,000 · Branch Banking And Trust Co
May 13, 2016
—
Fremont Properties LLC
—
Deed
related
$15,389,168 · Branch Bk&tr
Mar 6, 2006
—
Fremont Properties LLC
—
Deed Of Trust
related
$10,496,000 · Branch Banking & Trust Co
—
—
Fremont Properties LLC
—
Deed Of Trust
related
$1,680,000 · Branch Bk&tr
—
—
Fremont Properties LLC
—
Deed Of Trust
related
$15,389,168 · Branch Bk&tr
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 3430 Lester St?
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.
