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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
4457 Rifle Range Rd Conover, NC 28613
Entity Owned
Free & Clear
Property ID
US53-1011023
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
WOOD
Total area
6,000 SF
Lot
51.64 ac (2,249,438 SF)
Zoning code
R-20
APN
3743-09-17-6431
UPID
US53-1011023
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
-
Catawba Valley Rifle and Pistol Club Shooting Range
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$555k
Owner & transaction history
CATAWBA VALLEY RIFLE & PISTOL CLUB INC
CATAWBA VALLEY RIFLE & PISTOL CLUB INC
Zoning & alternative use
R-20 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-20 residential district is established as a district in which the principal use of the land is for low density residential and agricultural purposes. Multifamily housing is permitted and mobile home parks are permitted subject to the granting of a conditional zoning district by the council. This district is intended to ensure that residential developme…
Zone name
Residential General
General category
RESIDENTIAL
Zone area
2,236.78 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$700,000
+21.2%
Auto repair, garage
$610,000
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$700,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$93 / 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
$2,844
Tax year 2023
Assessed value
$421,600
Assessed 2023
Previous assessed
$570,400
-26.1% YoY
Effective rate
0.67%
On assessed value
Assessed land
$317,900
Assessed improvement
$103,700
Land market value
$317,900
Improvement market value
$103,700
Total market value
$421,600
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
1965
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
6,000 SF
Lot
51.64 ac (2,249,438 SF)
Zoning code
R-20
APN
3743-09-17-6431
UPID
US53-1011023
Jurisdiction
CATAWBA
Zoning & alternative use
R-20 · Conover, NCZoning 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
Zoning description
The R-20 residential district is established as a district in which the principal use of the land is for low density residential and agricultural purposes. Multifamily housing is permitted and mobile home parks are permitted subject to the granting of a conditional zoning district by the council. This district is intended to ensure that residential development not having access to public water supplies and dependent upon septic tanks for sewage disposal will occur at a sufficiently low density to provide a healthful environment. The district is designed to allow the orderly conversion of land from rural to urban densities without necessitating rezoning of parcels.
Zone name
Residential General
General category
RESIDENTIAL
Zone area
2,236.78 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$610,000
OFFICE BUILDING
Est. value
$545,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1965
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
51.64 ac
Current owner
From public records · entity-resolved
CATAWBA VALLEY RIFLE & PISTOL CLUB INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 664, CONOVER, NC 28613-0664
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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