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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Office buildings
110 Ctr St Hickory, NC 28601-6294
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2220034
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Total area
15,444 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C-1
APN
3703-19-60-3161
UPID
US53-2220034
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
-
Penland Samuel R DDS Dental Office
-
SecurityNational Mortgage Company Loan Service Bank
-
The Joan K. Everett Company Real Estate Agency
-
Grace Ministries Hickory Counselor
-
Marianna Geyer Team Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
D2930 Properties LLC · 4 yrs held
D2930 Properties LLC
since 2022
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
C-1 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-1 is intended to preserve and enhance downtown Hickorys role as a commercial, financial, cultural and governmental center. In recognition of the downtown areas historic building pattern and the communitys planning goals, the C-1 district is intended to be a physically predictable, pedestrian oriented environment.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
127.81 ac
Source
Realmo
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
$995,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,640,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,520,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $1.05M (May 24 2022)
Last sale anchor
$1.05M
May 24 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
$65 / 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
$10,140
Tax year 2023
Assessed value
$1,188,000
Assessed 2023
Previous assessed
$1,188,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$209,100
Assessed improvement
$978,900
Land market value
$209,100
Improvement market value
$978,900
Total market value
$1,188,000
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
1961
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
1
Total area
15,444 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C-1
APN
3703-19-60-3161
UPID
US53-2220034
Jurisdiction
CATAWBA
Zoning & alternative use
C-1 · Hickory, NCZoning C-1 · permitted uses
C-1 · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-1 is intended to preserve and enhance downtown Hickorys role as a commercial, financial, cultural and governmental center. In recognition of the downtown areas historic building pattern and the communitys planning goals, the C-1 district is intended to be a physically predictable, pedestrian oriented environment.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
127.81 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1961
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
D2930 Properties LLC
Entity
Mailing address
1781 TATE BLVD SE STE #204, HICKORY, NC 28602-4216
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
—
D2930 Properties LLC
—
Deed
related
$1,736,895 · First Citizens Bank & Trust Co
May 24, 2022
$1,050,000
D2930 Properties LLC
Center Grand LLC
Special Warranty Deed
$1,090,000 · First Citizens Bank & Trust Co
Jan 16, 2018
—
Center Grand LLC
Edward A Mitchell
Warranty Deed
$248,000 · Hometrust Bank
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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