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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
1050 13th SE St Hickory, NC 28602-4164
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2218333
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
2,946 SF
Lot
0.41 ac (17,860 SF)
Zoning code
IND
APN
3712-14-34-3945
UPID
US53-2218333
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
-
Unifour Accounting Ltd Tax Preparation
-
Weight No More Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Just Real Estate INC · 4 yrs held
Just Real Estate INC
since 2022
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
IND · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The IND District is intended to provide locations for the development of land uses generally devoted to manufacturing, processing and assembly, warehousing, distribution and servicing enterprises and office activities controlled by performance standards to limit the effect of such uses on uses within the district and on adjacent districts.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
4,774.62 ac
Source
Realmo
Top alternative use upside
Medical building
$560,000
+118.5%
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
$760,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$560,000
Change: +119% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $800k (Apr 7 2022)
Last sale anchor
$800k
Apr 7 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
$253 / 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
$2,921
Tax year 2023
Assessed value
$342,200
Assessed 2023
Previous assessed
$342,200
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$80,400
Assessed improvement
$261,800
Land market value
$80,400
Improvement market value
$261,800
Total market value
$342,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,946 SF
Lot
0.41 ac (17,860 SF)
Zoning code
IND
APN
3712-14-34-3945
UPID
US53-2218333
Jurisdiction
CATAWBA
Zoning & alternative use
IND · Hickory, NCZoning IND · permitted uses
IND · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The IND District is intended to provide locations for the development of land uses generally devoted to manufacturing, processing and assembly, warehousing, distribution and servicing enterprises and office activities controlled by performance standards to limit the effect of such uses on uses within the district and on adjacent districts.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
4,774.62 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$560,000
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
2005
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Just Real Estate INC
Entity
Free & Clear · 4 yrs held
Mailing address
1050 13TH ST SE, HICKORY, NC 28602-4164
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
$800,000
Just Real Estate INC
Self Family Revocable Trust
Warranty Deed
—
Mar 11, 2014
$370,000
Alfredo Braca
Wells Fargo Bk NA
Grant Deed
—
Dec 4, 2012
$405,000
Fargo Bk NA Wells
Whitley Kimberly H
Trustees Deed
related
—
Apr 25, 2007
$420,000
Adidabas LLC
Wa Properties LLC
Warranty Deed
$500,000 · Wachovia Bank NA
Nov 22, 2005
—
Wa Properties LLC
—
Trustees Deed
related
$300,000 · Branch Banking & Trust Co
—
—
Adidabas LLC
—
Deed Of Trust
related
$80,000 · 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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