Property profile

3451 Graystone SE Pl Conover, NC 28613

OFF-MARKET
Medical Office Space
Property ID
US53-5578825
5,368 SF 0.39 ac lot Built 1973
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,368 square foot commercial property, situated at 3451 Graystone Place SE in Conover, North Carolina, presents a unique investment opportunity. Located conveniently near Catawba Hospital, this property boasts a prime location ideal for a variety of commercial uses, particularly medical offices. The substantial square footage offers ample space for customization and development, allowing for the creation of a tailored commercial space to meet specific business needs. While the property requires significant renovations, this presents a chance for a buyer to add value and create a highly profitable venture. The 0.68-acre lot provides ample outdoor space, potentially for parking or future expansion. Currently priced significantly below tax value, this property represents a compelling investment opportunity for discerning buyers seeking a high-return project. The potential for substantial rental income, coupled with the flexibility for customization, makes this a truly unique offering in a desirable location. Don't miss the chance to transform this property into a thriving commercial enterprise. The property is located in Conover, NC.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1973
Construction WOOD
Total area 5,368 SF
Lot 0.39 ac (16,988 SF)
Zoning code P-1
APN 3722-16-82-3634
UPID US53-5578825

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3451 Graystone SE Pl Conover, NC 28613-8200
Conover metro Census 10204 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2026
Last sale
$75,000
6 recorded transactions
2026
$230,000
2023
Price N/A
2023
$75,000
2006
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

P-1 · Conover, NC
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 com…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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