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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Retail space
10 29th NE Ave Hickory, NC 28601-1126
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2115078
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
11,650 SF
Lot
1.2 ac (52,272 SF)
Zoning code
CC-1
APN
3704-16-83-8091
UPID
US53-2115078
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
-
Shawanda L. Lynch, PharmD Pharmacy
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Cellular Sales Smartphone Repair Center Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.29M
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.34M
Owner & transaction history
Tanglewood Motel · 4 yrs held
Tanglewood Motel
since 2022
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
CC-1 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+94.6%
Medical building
$2.2M
+61.2%
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 Hickory submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hickory 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
$2,425,000
ML approach
$2,285,000
CAP Approach
CAP Return
Estimation
6%
$2,120,000
6.5%
$1,955,000
7%
$1,815,000
Alternative Use
Use
Estimation
RESTAURANT
$2,670,000
Change: +95% · Conversion: Easy
MEDICAL BUILDING
$2,210,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10% · vs last sale $2.56M (Mar 23 2022)
Last sale anchor
$2.56M
Mar 23 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
$201 / 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
$16,277
Tax year 2023
Assessed value
$1,907,100
Assessed 2023
Previous assessed
$1,907,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$784,100
Assessed improvement
$1,123,000
Land market value
$784,100
Improvement market value
$1,123,000
Total market value
$1,907,100
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
1998
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
11,650 SF
Lot
1.2 ac (52,272 SF)
Zoning code
CC-1
APN
3704-16-83-8091
UPID
US53-2115078
Jurisdiction
CATAWBA
Zoning & alternative use
CC-1 · Hickory, NC
Zoning CC-1 · permitted uses
CC-1 · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hickory. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.2M
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
1998
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Tanglewood Motel
Individual
Mailing address
9040 EXECUTIVE PARK DR, KNOXVILLE, TN 37923-4607
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
$2,559,500
Tanglewood Motel
Hickory 29th Ave LLC
Special Warranty Deed
—
Aug 6, 2018
$1,100,000
Hickory LLC
Scott Cars INC
Grant Deed
$1,260,000 · Aclft Cap LLC
Aug 10, 2009
—
Scott Cars INC
—
Deed Of Trust
related
$2,000,000 · Wachovia Bank NA
—
—
Scott Cars INC
—
Deed Of Trust
related
$2,750,000 · Wachovia Bank NA
—
—
Scott,cars INC
—
Deed Of Trust
related
$2,000,000 · Wachovia Bank NA
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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