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Property profile & analytics
OFF-MARKET
Turn key restaurants
101 Catawba Ave, Hickory, NC 28601-7262
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2351428
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Construction
WOOD FRAME
Total area
4,200 SF
Lot
2.99 ac (130,244 SF)
Zoning code
NO ZONING
APN
17442
UPID
US53-2351428
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Carolina Business Capital INC · 3 yrs held
Carolina Business Capital INC
since 2022
Last sale
$498,693
5 recorded transactions
Zoning & alternative use
NO ZONING · Hickory, 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 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,969
Tax year 2024
Assessed value
$542,039
Assessed 2024
Previous assessed
$542,039
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$194,070
Assessed improvement
$347,969
Land market value
$194,070
Improvement market value
$347,969
Total market value
$542,039
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2002
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
4,200 SF
Lot
2.99 ac (130,244 SF)
Zoning code
NO ZONING
APN
17442
UPID
US53-2351428
Jurisdiction
BURKE
Zoning & alternative use
NO ZONING · Hickory, NC
Zoning NO ZONING · permitted uses
NO ZONING · 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.
Building & site characteristics
From public records
Year built
2002
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.99 ac
Current owner
From public records · entity-resolved
Carolina Business Capital INC
Entity
Mailing address
101 CATAWBA AVE, HICKORY, NC 28601-7262
Mailing matches property
Yes
Owner-occupied
Yes
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
Feb 27, 2025
—
Copper Penny Grill Lake Hickory LLC
—
Deed
related
$300,500 · United States Small Business Admin
Dec 2, 2022
$266,000
Carolina Business Capital INC
Copper Penny Grill Lake Hickory LLC
Assignment Of Lease (leasehold Sale)
$266,000 · Carolina Business Capital INC
Dec 2, 2022
—
Copper Penny Grill Lake Hickory LLC
—
Deed
related
$325,000 · Alliance Bank & Trust Co
Jul 22, 2021
$500,000
Copper Penny Grill Lake Hickory LLC
Dam Grill And Marina LLC
Warranty Deed
—
Dec 28, 2017
—
Dam Grill & Marina LLC
Martin,william I JR
Warranty Deed
—
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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