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Property profile & analytics
OFF-MARKET
Estimated value
$5,900,000
Drug stores
456 Conover W Blvd Conover, NC 28613-2729
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-2141670
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2014
Total area
14,550 SF
Lot
1.81 ac (78,844 SF)
Zoning code
B-4-CD
APN
3731-12-96-5242
UPID
US53-2141670
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
COVID-19 Drive-thru Testing at Walgreens Medical Laboratory
-
FedEx OnSite Postal Service Courier Service
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.90M
Owner & transaction history
Maple View INC · 12 yrs held
Maple View INC
since 2014
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
B-4-CD · 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
Method
Estimation
Statistic approach
$5,690,000
ML approach
$5,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.90M
Range $5.31M – $6.49M · ±10% · vs last sale $6.26M (Jun 19 2020)
Last sale anchor
$6.26M
Jun 19 2020
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
$405 / 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
$34,300
Tax year 2023
Assessed value
$4,322,600
Assessed 2023
Previous assessed
$4,322,600
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$394,200
Assessed improvement
$3,928,400
Land market value
$394,200
Improvement market value
$3,928,400
Total market value
$4,322,600
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2014
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
14,550 SF
Lot
1.81 ac (78,844 SF)
Zoning code
B-4-CD
APN
3731-12-96-5242
UPID
US53-2141670
Jurisdiction
CATAWBA
Zoning & alternative use
B-4-CD · Conover, NC
Zoning B-4-CD · permitted uses
B-4-CD · 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
2014
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Maple View INC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2014
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
Jan 30, 2014
—
Maple View INC
Morton & Sharpe LLC
Grant Deed
related
$900,000 · Wells Fargo Bk
Aug 23, 2013
—
Morton & Sharpe LLC
Conover Marketplace LLC
Grant Deed
—
Jul 31, 2013
$1,295,000
Conover Boulevard Dev LLC
Conover Marketplace LLC
Warranty Deed
related
$1,454,485 · Trustmark National Bank
Apr 21, 2006
$1,100,000
Conover Marketplace LLC
Mdi Management INC
Warranty Deed
related
—
—
—
Conover Marketplace LLC
—
Deed Of Trust
related
$1,600,000 · Vantagesouth Bank
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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