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Property profile & analytics
OFF-MARKET
Estimated value
$5,250,000
Office buildings
1167 Ctr St Hickory, NC 28602-3446
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1792119
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
WOOD
Total area
18,214 SF
Lot
1.84 ac (80,150 SF)
Zoning code
C-3
APN
3702-15-63-3839
UPID
US53-1792119
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
-
Wallace Roofing & Sheet Metal Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.25M
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.25M
Owner & transaction history
Strauch Brother Incorporation · 1 yrs held
Strauch Brother Incorporation
since 2024
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
C-3 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+163.8%
Medical building
$3.5M
+118.5%
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
$5,250,000
ML approach
$5,250,000
CAP Approach
CAP Return
Estimation
6%
$4,275,000
6.5%
$3,945,000
7%
$3,665,000
Alternative Use
Use
Estimation
RESTAURANT
$4,175,000
Change: +164% · Conversion: Moderate
MEDICAL BUILDING
$3,460,000
Change: +119% · Conversion: Easy
Blend value · Realmo final
$5.25M
Range $4.73M – $5.78M · ±10% · vs last sale $5.25M (Dec 19 2024)
Last sale anchor
$5.25M
Dec 19 2024
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
$288 / 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
$7,075
Tax year 2023
Assessed value
$406,500
Assessed 2023
Previous assessed
$406,500
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$120,700
Assessed improvement
$285,800
Land market value
$120,700
Improvement market value
$285,800
Total market value
$406,500
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
1965
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
18,214 SF
Lot
1.84 ac (80,150 SF)
Zoning code
C-3
APN
3702-15-63-3839
UPID
US53-1792119
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
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.5M
RESTAURANT
MEDICAL BUILDING
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
1965
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Strauch Brother Incorporation
Individual
Mailing address
4317 MARSH RDG RD, CARROLLTON, TX 75010
Ownership since
2024
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
Dec 19, 2024
$5,250,000
Strauch Brother Incorporation
Cross Development Cc Hickory LLC
Special Warranty Deed
$3,000,000 · Umpqua Bank
Jun 4, 2024
$1,395,000
Cross Development Cc Hickory LLC
1167 S Center St LLC
Warranty Deed
$4,081,670 · Crestline Direct Finance LP
Dec 20, 2021
$1,150,000
1167 S Center St LLC
Rrj Wallace Properties LLC
Warranty Deed
$920,000 · The Fidelity Bank
Oct 26, 2006
—
Rrj Wallace Properties LLC
—
Trustees Deed
related
$162,000 · Cv Bank
May 24, 2005
$390,000
Rrj Wallace Properties LLC
Cregger,morris M & Sheila S
Warranty Deed
$351,000 · Morris M & Sheila S Cregger
—
—
Rrj Wallace Properties LLC
—
Deed Of Trust
related
$71,000 · Carolina Trust Bank
—
—
Rrj Wallace Properties LLC
—
Deed Of Trust
related
$544,000 · Carolina Trust 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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