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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Office buildings
485 Punch Loop SW Rd Conover, NC 28613
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2086408
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Construction
WOOD FRAME
Total area
502,665 SF
Lot
36.97 ac (1,610,413 SF)
Zoning code
EM-1-CD
APN
3732-15-63-7067
UPID
US53-2086408
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
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Premier Conover LLC · 2 yrs held
Premier Conover LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
EM-1-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
$1,485,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±10% · vs last sale $1.49M (Mar 22 2024)
Last sale anchor
$1.49M
Mar 22 2024
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
$3 / 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
$329,731
Tax year 2023
Assessed value
$41,554,000
Assessed 2023
Previous assessed
$41,554,000
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$1,334,000
Assessed improvement
$40,220,000
Land market value
$1,334,000
Improvement market value
$40,220,000
Total market value
$41,554,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2021
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
502,665 SF
Lot
36.97 ac (1,610,413 SF)
Zoning code
EM-1-CD
APN
3732-15-63-7067
UPID
US53-2086408
Jurisdiction
CATAWBA
Zoning & alternative use
EM-1-CD · Conover, NC
Zoning EM-1-CD · permitted uses
EM-1-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
2021
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
36.97 ac
Current owner
From public records · entity-resolved
Premier Conover LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5605 GRANGER RD #100, INDEPENDENCE, OH 44131-1213
Ownership since
2024
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
Mar 22, 2024
—
Premier Conover LLC
Premier Conover LLC
Quit Claim Deed
related
—
Aug 26, 2020
—
Premier Conover LLC
—
Deed
related
$1,000,000 · First Nat'l Bk/pa
Oct 25, 2019
$1,486,000
Premier Conover LLC
Wrrh Conover LLC
Grant Deed
—
Oct 25, 2019
—
Premier Conover LLC
Wrrh Conover LLC
Grant Deed
related
—
May 18, 2015
$900,000
Wrrh Conover LLC
Smyre Billy M & Patricia H
Grant Deed
—
May 18, 2015
—
Wrrh Conover LLC
Smyre Billy M & Patricia H
Grant Deed
—
Aug 24, 2005
—
Jean H Connor
Owner Name Unavailable
Grant Deed
related
—
—
—
Premier Conover LLC
—
Deed Of Trust
related
$1,000,000 · First Nat'l Bk/pa
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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