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Property profile & analytics
OFF-MARKET
Estimated value
$5,745,000
Retail space
6641 Monford Dr Conover, NC 28613-8859
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1019580
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
WOOD
Total area
1,260 SF
Lot
23.11 ac (1,006,672 SF)
Zoning code
R-40
APN
3735-12-95-2833
UPID
US53-1019580
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
-
Lake Hickory RV Resort Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.75M
Owner & transaction history
Lake Hickory Rv LLC · 2 yrs held
Lake Hickory Rv LLC
since 2023
Last sale
$5.5M
6 recorded transactions
Zoning & alternative use
R-40 · 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
$6,170,000
ML approach
$5,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.75M
Range $5.17M – $6.32M · ±10% · vs last sale $5.50M (Nov 20 2023)
Last sale anchor
$5.50M
Nov 20 2023
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
$4,560 / 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
$23,976
Tax year 2023
Assessed value
$4,771,400
Assessed 2023
Previous assessed
$4,771,400
+0.0% YoY
Effective rate
0.50%
On assessed value
Assessed land
$2,043,000
Assessed improvement
$2,728,400
Land market value
$2,043,000
Improvement market value
$2,728,400
Total market value
$4,771,400
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
1970
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
3
Units
1
Total area
1,260 SF
Lot
23.11 ac (1,006,672 SF)
Zoning code
R-40
APN
3735-12-95-2833
UPID
US53-1019580
Jurisdiction
CATAWBA
Zoning & alternative use
R-40 · Conover, NCZoning R-40 · permitted uses
R-40 · Conover, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
3
Units
1
Lot
23.11 ac
Current owner
From public records · entity-resolved
Lake Hickory Rv LLC
Entity
Mailing address
954 W WASHINGTON BLVD STE #415, CHICAGO, IL 60607-2200
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$5,495,500
Lake Hickory Rv LLC
Five Star Land Development LLC
Special Warranty Deed
$5,492,500 · United Community Bank
Jun 12, 2020
—
Five Star Land Development LLC
—
Deed
related
$200,000 · First Citizens Bank & Trust Co
Mar 28, 2018
—
Five Star Development LLC
—
Deed
related
$1,350,000 · First- Citizens Bank & Trust Company
Aug 20, 2007
$1,350,000
Five Star Land Dev LLC
Lake Hickory R V Resort INC
Warranty Deed
$1,139,000 · Robert C Henline
—
—
Five Star Land Development LLC
—
Deed Of Trust
related
$1,450,000 · Carolina First Bank
—
—
Five Star Land Development LLC
—
Deed Of Trust
related
$200,000 · Carolina First 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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