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Property profile & analytics
OFF-MARKET
Medical Office Space
3452 Graystone SE Pl Conover, NC 28613-8200
Entity Owned
20-yr Hold
Free & Clear
Property ID
US53-1352510
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Construction
WOOD
Total area
4,796 SF
Lot
0.64 ac (27,878 SF)
Zoning code
P-1
APN
3722-20-82-3369
UPID
US53-1352510
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
-
Foothills Oral Surgery Dental Office
-
Dr. Paul E. Richardson, DDS Dental Office
-
Dr. David J Darab, DDS, MS, MBA Dental Office
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
Gray Creek II LLC · 20 yrs held
Gray Creek II LLC
since 2006
7 recorded transactions
Zoning & alternative use
P-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
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
$3,435
Tax year 2023
Assessed value
$656,100
Assessed 2023
Previous assessed
$656,100
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$97,600
Assessed improvement
$558,500
Land market value
$97,600
Improvement market value
$558,500
Total market value
$656,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
4,796 SF
Lot
0.64 ac (27,878 SF)
Zoning code
P-1
APN
3722-20-82-3369
UPID
US53-1352510
Jurisdiction
CATAWBA
Zoning & alternative use
P-1 · Conover, NC
Zoning 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
Conover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Gray Creek II LLC
Entity
Free & Clear · 20 yrs held
Mailing address
3452 GRAYSTONE PL SE, CONOVER, NC 28613-8200
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2006
—
Gray Creek II LLC
Richardson,paul E & Diedre T
Warranty Deed
—
May 8, 2006
—
Cray Creek II LLC
Miller,john J JR
Grant Deed
related
—
May 1, 2006
$23,000
David J Darab
Miller,john J JR & Roberta H
Warranty Deed
—
May 1, 2006
—
John J Miller JR.
Gray Creek LLC
Warranty Deed
—
May 1, 2006
$383,000
Paul E Richardson
Miller,john J JR & Roberta H
Warranty Deed
—
Apr 24, 2006
$23,000
David J Darab
Miller,john J JR
Grant Deed
—
Apr 24, 2006
$383,000
Paul E Richardson
Miller,john J JR
Grant Deed
—
Apr 24, 2006
—
John J Miller JR.
Gray Creek LLC
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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