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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Retail space
815 Fairgrove Church SE Rd Conover, NC 28613-8609
Entity Owned
Free & Clear
Property ID
US53-1175012
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
5,160 SF
Lot
0.32 ac (13,939 SF)
Zoning code
OI
APN
3722-16-72-8557
UPID
US53-1175012
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
-
Medical Village Pharmacy Pharmacy
-
Ronald J. Shokes, RPH Pharmacy
-
James C. Suarez, RPh Pharmacy
-
Amazon Counter - Health Mart Pharmacy Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$725k
Owner & transaction history
Catawba County
Catawba County
since 2026
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
OI · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+122.8%
Medical building
$980,000
+96.6%
Apartment house (5+ units)
$605,000
+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
$715,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
RETAIL STORES
$500,000
Current use
RESTAURANT
$1,110,000
Change: +123% · Conversion: Easy
MEDICAL BUILDING
$980,000
Change: +97% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$605,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$525,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$470,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $850k (Mar 23 2021)
Last sale anchor
$850k
Mar 23 2021
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
$141 / 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
$3,884
Tax year 2023
Assessed value
$455,100
Assessed 2023
Previous assessed
$455,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$51,600
Assessed improvement
$403,500
Land market value
$51,600
Improvement market value
$403,500
Total market value
$455,100
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
1974
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,160 SF
Lot
0.32 ac (13,939 SF)
Zoning code
OI
APN
3722-16-72-8557
UPID
US53-1175012
Jurisdiction
CATAWBA
Zoning & alternative use
OI · Conover, NC
Zoning OI · permitted uses
OI · 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
$500,000
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$980,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$525,000
OFFICE BUILDING
Est. value
$470,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE 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
1974
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Catawba County
Entity
Free & Clear · 0 yrs held
Mailing address
801ST WYNNSHIRE DR, HICKORY, NC 28601-7346
Ownership since
2026
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
Mar 9, 2026
$795,000
Catawba County
Nancy Hines Ruffner LLC
Special Warranty Deed
—
Mar 9, 2026
—
Catawba County
Nancy Hines Ruffner LLC
Quitclaim Deed
related
—
May 16, 2025
—
Cross Family Properties LLC
—
Deed
related
$400,000 · First Citizens Bank & Trust Co
Mar 23, 2021
$850,000
Nancy Hines Ruffneir LLC
Ronald J Shokes
Warranty Deed
$300,000 · James C Suarez
Mar 12, 2021
$420,000
Hickory Park Associates LLC
Barbara Rush Early
Warranty Deed
$250,000 · Peoples Bank
Feb 1, 2004
—
Ronald J Shokes
Owner Name Unavailable
Grant 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.
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