Property profile

1160 Lenoir Rhyne SE Blvd Hickory, NC 28602

OFF-MARKET
Drive through restaurants
Property ID
US53-1615399
2,966 SF 0.8 ac lot Built 1995
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1995
Total area 2,966 SF
Lot 0.8 ac (34,848 SF)
Zoning code C-3
APN 3712-14-33-0944
UPID US53-1615399

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1160 Lenoir Rhyne SE Blvd Hickory, NC 28602-5169
Hickory metro Census 10900 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.66M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.78M

Owner & transaction history

since 2022
Last sale
$2.9M
6 recorded transactions
2022
$2.9M
2022
Price N/A
2020
$2.8M
2009
$1.7M
2008
Price N/A
2006
$2.1M

Zoning & alternative use

C-3 · Hickory, NC
Zoning description

The C-3 district is intended to provide a full range of retail and service business that serves both local and regional markets. Generally, regional business is focused on I-40, U.S. 70, and U.S. 321 because it provides…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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