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Property profile & analytics
OFF-MARKET
Retail space
433 1st W St Conover, NC 28613-2131
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1579464
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
CONCRETE BLOCKS
Total area
4,420 SF
Lot
0.05 ac (2,178 SF)
Zoning code
MX
APN
3742-17-00-2299
UPID
US53-1579464
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Modern Fabrics LLC · 1 yrs held
Modern Fabrics LLC
since 2025
1 recorded transaction
Zoning & alternative use
MX · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Mixed Use District provides for a broad array of integrated uses such as shops, restaurants, services, work places, civic, educational, and religious facilities, and higher density housing in a compact, pedestrian oriented environment. This pattern of development anchors surrounding residential neighborhoods while also serving the broader community.
Zone name
Mixed Use
General category
MIXED_USE
Zone area
66.03 ac
Source
Realmo
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 2024Property tax & assessments
Tax year 2024
Tax billed
$24
Tax year 2024
Assessed value
$187,600
Assessed 2024
Previous assessed
$187,600
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$3,500
Assessed improvement
$184,100
Land market value
$3,500
Improvement market value
$184,100
Total market value
$187,600
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
1972
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,420 SF
Lot
0.05 ac (2,178 SF)
Zoning code
MX
APN
3742-17-00-2299
UPID
US53-1579464
Jurisdiction
CATAWBA
Zoning & alternative use
MX · Conover, NCZoning MX · permitted uses
MX · Conover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Mixed Use District provides for a broad array of integrated uses such as shops, restaurants, services, work places, civic, educational, and religious facilities, and higher density housing in a compact, pedestrian oriented environment. This pattern of development anchors surrounding residential neighborhoods while also serving the broader community.
Zone name
Mixed Use
General category
MIXED_USE
Zone area
66.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Modern Fabrics LLC
Entity
Mailing address
2645 ROME JONES RD, NEWTON, NC 28658-9036
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
Modern Fabrics LLC
—
Deed
related
$128,000 · First Citizens Bank & Trust Co
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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