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Property profile & analytics
OFF-MARKET
Strip malls
808 Conover W Blvd Conover, NC 28613-2959
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US53-2013540
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
11,700 SF
Lot
1.62 ac (70,567 SF)
Zoning code
B-4
APN
3731-11-65-5796
UPID
US53-2013540
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
-
Mello Tre (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Taqueria Garcia Restaurant
-
WE Karaoke DJ & Entertainment Nightclub
-
MACKS Financial Services Bank Credit Union
-
Evermore Custom Tattoos Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard Tan Ho · 20 yrs held
Richard Tan Ho
since 2006
3 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
—
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
$7,874
Tax year 2023
Assessed value
$992,300
Assessed 2023
Previous assessed
$992,300
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$198,900
Assessed improvement
$793,400
Land market value
$198,900
Improvement market value
$793,400
Total market value
$992,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
11,700 SF
Lot
1.62 ac (70,567 SF)
Zoning code
B-4
APN
3731-11-65-5796
UPID
US53-2013540
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
2001
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Richard Tan Ho
Individual
Mailing address
808 CONOVER BLVD W STE H, CONOVER, NC 28613-2960
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Jun 25, 2020
—
Richard Tan Ho
—
Deed
related
$466,000 · Peoples Bank
May 10, 2006
$10,000
Richard Tan Ho
Percy & Dixie LP
Warranty Deed
$375,000 · Branch Banking And Trust Co
May 10, 2006
$55,000
Richard Tan Ho
Toan Ho
Warranty Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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