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Property profile & analytics
FOR LEASE
Retail space
814 Conover Blvd West Conover, NC 28613
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1131373
For Lease
1 / 3
$3,045,000
814 Conover Blvd West, Conover, NC 28613
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
20,000 SF
Lot
8.6 ac (374,616 SF)
Zoning code
B-4
APN
3731-11-65-0981
UPID
US53-1131373
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
-
Southern States - Conover Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.36M
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.05M
Owner & transaction history
Southgate Garden Apartments LLC · 8 yrs held
Southgate Garden Apartments LLC
since 2017
4 recorded transactions
Zoning & alternative use
B-4 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+122.8%
Medical building
$3.8M
+96.6%
Apartment house (5+ units)
$2.3M
+21.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,640,000
6.5%
$3,360,000
7%
$3,120,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,930,000
Current use
RESTAURANT
$4,305,000
Change: +123% · Conversion: Easy
MEDICAL BUILDING
$3,800,000
Change: +97% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,340,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,040,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10%
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
$152 / 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
$20,064
Tax year 2023
Assessed value
$2,528,600
Assessed 2023
Previous assessed
$2,528,600
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$364,200
Assessed improvement
$2,164,400
Land market value
$364,200
Improvement market value
$2,164,400
Total market value
$2,528,600
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
For Lease
Year built
2015
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
20,000 SF
Lot
8.6 ac (374,616 SF)
Zoning code
B-4
APN
3731-11-65-0981
UPID
US53-1131373
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
RESTAURANT
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2015
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
8.6 ac
Current owner
From public records · entity-resolved
Southgate Garden Apartments LLC
Entity
Mailing address
PO BOX 4573, GREENSBORO, NC 27404-4573
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2017
$3,499,500
Southgate Garden Apartments LLC
Dpc Conover LLC
Special Warranty Deed
$2,624,256 · First Bank
Jul 9, 2015
$335,000
Dpc Conover LLC
Cmh Hms INC
Grant Deed
—
Jun 15, 2006
—
Paul Douglas Blevins
Cmh Homes INC
Grant Deed
related
—
—
—
Dpc Conover LLC
—
Deed Of Trust
related
$2,400,000 · Bank Of Nc
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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