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Property profile & analytics
OFF-MARKET
Estimated value
$5,305,000
Office buildings
1100 Commscope SE Pl Hickory, NC 28602-3619
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1078812
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
86,614 SF
Lot
8.42 ac (366,775 SF)
Zoning code
C-3
APN
3712-13-23-0395
UPID
US53-1078812
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
-
Comm Scope Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Soma Church Office Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.76M
Blend (final)
Blend
$5.31M
Owner & transaction history
Soma Church INC · 2 yrs held
Soma Church INC
since 2023
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
C-3 · 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
Method
Estimation
Statistic approach
$5,450,000
ML approach
$5,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,530,000
Current use
COMMERCIAL (GENERAL)
$6,880,000
Change: -9% · Conversion: Easy
RETAIL STORES
$6,875,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$5.31M
Range $4.77M – $5.84M · ±10% · vs last sale $4.65M (Oct 25 2023)
Last sale anchor
$4.65M
Oct 25 2023
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
$61 / 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
$64,250
Tax year 2023
Assessed value
$7,527,800
Assessed 2023
Previous assessed
$7,527,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$998,900
Assessed improvement
$6,528,900
Land market value
$998,900
Improvement market value
$6,528,900
Total market value
$7,527,800
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
CENTRAL
Stories
4
Units
1
Total area
86,614 SF
Lot
8.42 ac (366,775 SF)
Zoning code
C-3
APN
3712-13-23-0395
UPID
US53-1078812
Jurisdiction
CATAWBA
Zoning & alternative use
C-3 · Hickory, NC
Zoning C-3 · permitted uses
C-3 · 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
OFFICE BUILDING Current
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$6.9M
RETAIL STORES
Est. value
$6.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
1
Lot
8.42 ac
Current owner
From public records · entity-resolved
Soma Church INC
Entity
Mailing address
883 HIGHLAND AVE SE, HICKORY, NC 28602-1106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2023
$4,650,000
Soma Church INC
Commscope INC
Special Warranty Deed
$5,500,000 · Wesleyan Investment Foundation INC
Aug 2, 2019
—
Commscope INC Of N Carolina
—
Grant Deed
related
—
Jan 30, 2017
—
Commscope INC
—
Deed
related
—
Dec 27, 2007
—
Commscope INC Of North Carolina
—
Deed Of Trust
related
—
—
—
Commscope INC Of North Carolina
—
Loan Modification
related
—
—
—
Commscope INC Of North Carolina
—
Deed Of Trust
related
$1,000,000,000 · Wilmington Trust (ct)
—
—
Commscope INC
—
Loan Modification
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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