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Property profile & analytics
OFF-MARKET
Estimated value
$8,505,000
Hotels
1125 13th Ave SE Dr, Hickory, NC 28602-5176
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1087094
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1988
Construction
WOOD
Total area
62,454 SF
Lot
3.38 ac (147,233 SF)
Zoning code
C-3
APN
3712-18-22-6037
UPID
US53-1087094
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
-
Quality Suites Convention Center Hotel & Motel
-
QualitySuites-Hickory Hotel & Motel Bed & Breakfast
-
The hum Park
-
Quality Suites and Convention Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.51M
Owner & transaction history
Star Hotels Of Nc LLC · 2 yrs held
Star Hotels Of Nc LLC
since 2023
Last sale
$7.9M
6 recorded transactions
Zoning & alternative use
C-3 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+222.8%
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
$9,230,000
ML approach
$9,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,800,000
Change: +223% · Conversion: Difficult
Blend value · Realmo final
$8.51M
Range $7.65M – $9.36M · ±10% · vs last sale $7.88M (Aug 31 2023)
Last sale anchor
$7.88M
Aug 31 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
$136 / 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
$37,944
Tax year 2023
Assessed value
$4,445,700
Assessed 2023
Previous assessed
$4,445,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,236,200
Assessed improvement
$3,209,500
Land market value
$1,236,200
Improvement market value
$3,209,500
Total market value
$4,445,700
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
116
Total area
62,454 SF
Lot
3.38 ac (147,233 SF)
Zoning code
C-3
APN
3712-18-22-6037
UPID
US53-1087094
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
COMMERCIAL (GENERAL)
Est. value
$5.8M
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
1988
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
116
Lot
3.38 ac
Current owner
From public records · entity-resolved
Star Hotels Of Nc LLC
Entity
Mailing address
12638 CHEVERLY DR SE, HUNTERSVILLE, NC 28078-4241
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$7,875,000
Star Hotels Of Nc LLC
Shiv Sai Hotels Of Qs INC
Special Warranty Deed
$5,000,000 · Gbank
Oct 25, 2012
$2,290,000
Shiv Sai Hotels Of Qs INC
Trans Hotel INC
Warranty Deed
$2,300,000 · Celtic Bank Corporation
May 2, 2012
$2,190,000
Trans Hotel INC
Rite Hotels INC
Warranty Deed
$2,185,000 · Rite Hotels INC
Mar 2, 2012
$11,000
Rite Hotels INC
Hospitality Group Of Hickory INC
Grant Deed
—
—
—
Shiv Sai Hotels Of Qs INC
—
Loan Modification
related
$2,155,500 · Celtic Bk
—
—
Trans Hotel INC
—
Deed Of Trust
related
$1,250,000 · Farmers & Merchants Bk & Tr
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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