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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Auto shops
707 Conover W Blvd Conover, NC 28613-2923
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2161580
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,677 SF
Lot
0.91 ac (39,640 SF)
Zoning code
B-4-CD
APN
3731-12-85-2684
UPID
US53-2161580
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
-
El vaquero Restaurant
-
Valvoline Instant Oil Change Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
Conover707 LLC · 3 yrs held
Conover707 LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
B-4-CD · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+111.2%
Medical building
$1.1M
+86.4%
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
$1,585,000
ML approach
$1,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,220,000
Change: +111% · Conversion: Difficult
MEDICAL BUILDING
$1,080,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.97M (Dec 14 2022)
Last sale anchor
$1.97M
Dec 14 2022
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
$315 / 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
$4,175
Tax year 2023
Assessed value
$526,200
Assessed 2023
Previous assessed
$526,200
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$158,600
Assessed improvement
$367,600
Land market value
$158,600
Improvement market value
$367,600
Total market value
$526,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
NONE
Units
1
Total area
5,677 SF
Lot
0.91 ac (39,640 SF)
Zoning code
B-4-CD
APN
3731-12-85-2684
UPID
US53-2161580
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
MEDICAL 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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Conover707 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 2263, LAKE OSWEGO, OR 97035-0660
Ownership since
2022
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
Dec 14, 2022
$1,970,000
Conover707 LLC
Branjo LLC
Special Warranty Deed
—
Aug 16, 2022
$1,800,000
Branjo LLC
Rpr Properties Of Conover LLC
Warranty Deed
—
Nov 6, 2020
$483,500
Rpr Properties Of Conover LLC
Land South Of Mb LLC
Special Warranty Deed
$487,500 · United Bank
Jul 25, 2018
—
Land South Of Mb LLC
—
Deed
related
$1,200,000 · City Nat'l Bk/wv
Oct 6, 2017
$1,100,000
Land South Of Mb LLC
Woody,w Ruffin JR & Elizabeth S
Grant Deed
—
—
—
Land South Of Mb LLC
—
Deed Of Trust
related
$1,200,000 · City Nat'l Bk/wv
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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