New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Warehouses
1125 Ctr St, Hickory, NC 28602-3446
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0128246
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
METAL FRAME
Total area
15,200 SF
Lot
2.33 ac (101,495 SF)
Zoning code
IND
APN
3702-15-64-4254
UPID
US53-0128246
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
-
All Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.64M
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$911k
Blend (final)
Blend
$1.51M
Owner & transaction history
Phaupo Properties LLC · 2 yrs held
Phaupo Properties LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
IND · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+206.1%
Apartment house (5+ units)
$1.6M
+167.6%
Office building
$1.3M
+124.1%
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
$1,635,000
ML approach
$1,640,000
CAP Approach
CAP Return
Estimation
6%
$1,615,000
6.5%
$1,490,000
7%
$1,385,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,805,000
Change: +206% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,580,000
Change: +168% · Conversion: Difficult
OFFICE BUILDING
$1,320,000
Change: +124% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,205,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$1,205,000
Change: +105% · Conversion: Moderate
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10% · vs last sale $1.40M (Aug 31 2023)
Last sale anchor
$1.40M
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
$99 / 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
$6,267
Tax year 2023
Assessed value
$734,300
Assessed 2023
Previous assessed
$734,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$337,200
Assessed improvement
$397,100
Land market value
$337,200
Improvement market value
$397,100
Total market value
$734,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Units
1
Total area
15,200 SF
Lot
2.33 ac (101,495 SF)
Zoning code
IND
APN
3702-15-64-4254
UPID
US53-0128246
Jurisdiction
CATAWBA
Zoning & alternative use
IND · Hickory, NC
Zoning IND · permitted uses
IND · 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
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1972
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Units
1
Lot
2.33 ac
Current owner
From public records · entity-resolved
Phaupo Properties LLC
Entity
Mailing address
4911 SULPHUR SPGS RD NE, HICKORY, NC 28601-9739
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$1,395,000
Phaupo Properties LLC
Theren Holdings LLC
Warranty Deed
$1,255,000 · Peoples Bank
Mar 6, 2019
$575,000
Theren Holdings LLC
Rrj Wallace Properties LLC
Special Warranty Deed
$488,750 · Peoples Bank
Jan 11, 2018
—
Prj Wallace Properties LLC
—
Deed
related
$375,000 · Carolina Trust Bank
Apr 29, 2010
—
1125 Center Street LLC
Godley,fred D
Grant Deed
related
—
Feb 25, 2009
—
Fred D Godley
Joan Fabrics Corp
Grant Deed
—
Feb 10, 2009
—
Fred D Godley
Giuliano,alfred
Grant Deed
related
—
Jul 23, 2007
$300,000
David Godley 1 LLC
Joan Fabrics Corp
Grant Deed
—
Jul 17, 2007
—
Fred D Godley
Joan,fabrics Corporation
Grant Deed
related
—
Mar 22, 2007
$300,000
David Godley LLC
Joan Fabrics Corp
Grant Deed
—
Jun 24, 2005
—
Joan Fabrics Corp
—
Deed Of Trust
related
$425,000,000 · Fleet National Bank
—
—
Joan Fabrics Corp
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1125 Ctr St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
