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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Assisted living facilities
511 Bumgarner Industrial SW Dr, Conover, NC 28613-9205
Entity Owned
~
Est. High Equity
Property ID
US53-0827613
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1962
Construction
WOOD
Total area
6,372 SF
Lot
3.95 ac (172,062 SF)
Zoning code
B-4
APN
3731-10-37-2404
UPID
US53-0827613
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
-
Austin Adult Care Nursing Home Retirement Community
-
Crown Villa Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Heritage Care Home Of Austin LLC
Heritage Care Home Of Austin LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
B-4 · 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
$243 / 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
$4,501
Tax year 2023
Assessed value
$567,200
Assessed 2023
Previous assessed
$567,200
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$113,300
Assessed improvement
$453,900
Land market value
$113,300
Improvement market value
$453,900
Total market value
$567,200
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Buildings
3
Units
30
Total area
6,372 SF
Lot
3.95 ac (172,062 SF)
Zoning code
B-4
APN
3731-10-37-2404
UPID
US53-0827613
Jurisdiction
CATAWBA
Zoning & alternative use
B-4 · Conover, NC
Zoning B-4 · permitted uses
B-4 · 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
1962
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Buildings
3
Units
30
Lot
3.95 ac
Current owner
From public records · entity-resolved
Heritage Care Home Of Austin LLC
Entity
Mailing address
PO BOX 687, GLEN ALPINE, NC 28628-0687
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
$1,550,000
Heritage Care Home Of Austin LLC
The Austin Corporation INC
Warranty Deed
$1,100,000 · The Austin Corporation INC
Jul 14, 2023
—
Austin Corpration INC
—
Deed
related
$500,000 · Peoples Bank
Feb 19, 2019
—
Austin Corp INC
—
Deed
related
$248,245 · Peoples Bk
Mar 26, 2018
—
Austin Corp INC
—
Deed
related
$560,000 · Peoples Bk&tr Co/madison Cnty
Jul 28, 2005
$495,000
The Austin Corp INC
Rachel C Gordon
Warranty Deed
$560,000 · Peoples Bank
—
—
Austin Corp INC
—
Loan Modification
related
$248,245 · Peoples Bk
—
—
Austin Corp INC
—
Loan Modification
related
$560,000 · Peoples Bk&tr Co/madison Cnty
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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