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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Garden apartment buildings
710 3rd St SW Pl 1 Conover, NC 28613-2666
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1012809
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1989
Construction
WOOD
Total area
4,676 SF
Lot
1.72 ac (74,923 SF)
Zoning code
R-9-CD
APN
3731-08-89-4224
UPID
US53-1012809
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
$605k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$585k
Owner & transaction history
T3 Home Solutions LLC · 3 yrs held
T3 Home Solutions LLC
since 2022
Last sale
$720,000
3 recorded transactions
Zoning & alternative use
R-9-CD · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$890,000
+62.3%
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
$580,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$545,000
Current use
MEDICAL BUILDING
$890,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$475,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$450,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $720k (Nov 4 2022)
Last sale anchor
$720k
Nov 4 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
$125 / 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
$2,842
Tax year 2023
Assessed value
$358,200
Assessed 2023
Previous assessed
$358,200
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$41,500
Assessed improvement
$316,700
Land market value
$41,500
Improvement market value
$316,700
Total market value
$358,200
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
8
Total area
4,676 SF
Lot
1.72 ac (74,923 SF)
Zoning code
R-9-CD
APN
3731-08-89-4224
UPID
US53-1012809
Jurisdiction
CATAWBA
Zoning & alternative use
R-9-CD · Conover, NC
Zoning R-9-CD · permitted uses
R-9-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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$545,000
MEDICAL BUILDING
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$475,000
RETAIL STORES
Est. value
$450,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1989
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
8
Lot
1.72 ac
Current owner
From public records · entity-resolved
T3 Home Solutions LLC
Entity
Mailing address
PO BOX 516, SHERRILLS FORD, NC 28673-0516
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
$720,000
T3 Home Solutions LLC
Yount Apartments LLC
Warranty Deed
$144,000 · Yount Apartments LLC
Sep 10, 2007
$220,000
Yount Apartments LLC
Douglas Karm Ching
Warranty Deed
$813,489 · Peoples Bank
Sep 7, 2007
$220,000
Yount Apartments LLC
Ching,douglas Karm
Grant Deed
$813,489 · Peoples 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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