Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1186 4th St SW Ct Hickory, NC 28602-5025

    • High-rise multifamily apartments
    • 52,646 SF
    • 11.52 lot acres
    OFF-MARKET
    Value Estimations
    $4,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2666311
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lodge at Hickory / Apartment Complex

    Property Details for 1186 4th St SW Ct

    Year built
    2019
    Construction
    FRAME
    Lot size
    11.52 lot acres
    Property size
    52,646 SF
    Zone code
    C-3
    Property type
    High-rise multifamily apartments
    APN
    3702-14-24-6271
    APU
    370214246271

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,690,000
      Market price range: $1.53M - $3.67M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,465,000
      Current use
      AUTO REPAIR, GARAGE
      $6,250,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $4,575,000
      Change: -16% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3487
    Latitude
    35.7171
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,351
    $440,100
    $4,521,900
    $4,962,000
    -
    $440,100
    $4,521,900
    $4,962,000

    Comparable in this City

    • Value Estimation
      $1,115,000
      14,110 SF

      1222 33rd SW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 14,110 SF
      1222 33rd SW St, Hickory, NC 28602-4602
      View Details
    • Value Estimation
      $2,365,000
      34,569 SF

      2315 Catawba Vly Blvd Se Ste, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 34,569 SF
      2315 Catawba Vly Blvd Se Ste, Hickory, NC 28602-4163
      View Details
    • Value Estimation
      $840,000
      9,728 SF

      1320 7th SW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 9,728 SF
      1320 7th SW Ave, Hickory, NC 28602-3113
      View Details
    • Value Estimation
      $635,000
      5,750 SF

      901 2nd SW St

      GARDEN APT, COURT APT (5+ UNITS) • 5,750 SF
      901 2nd SW St, Hickory, NC 28602-3439
      View Details
    • Value Estimation
      $515,000
      4,608 SF

      655 7th SW Ave, Unit 1

      GARDEN APT, COURT APT (5+ UNITS) • 4,608 SF
      655 7th SW Ave, Hickory, NC 28602-3244
      View Details
    • Value Estimation
      $555,000
      8,280 SF

      425 3rd SE Ave, Unit 43

      GARDEN APT, COURT APT (5+ UNITS) • 8,280 SF
      425 3rd SE Ave, Hickory, NC 28602-3877
      View Details

    Similar Nearby for Sale

    • $750,000
      600 SF

      Hickory NC Multifamily Investment

      Multifamily investment opportunity with 10 units on approximately 2.4 acres.
      303 37Th St SW, Hickory, NC 28602
      View Details
    • $675,000
      600 SF

      Hickory NC Multifamily Investment Opportunity

      Multifamily investment opportunity featuring 12 units on approximately 2.5 acres.
      218 37Th St SW, Hickory, NC 28602
      View Details
    • New
      $400,000
      0.67 Acres

      Hickory Multi-Family Home

      Multi-family home on a 0.67-acre lot in Hickory, NC.
      615 11Th St SW, Hickory, NC 28602
      View Details
    • New
      $469,000
      0.46 Acres

      Modern Duplex in Hickory, NC

      New construction duplex with modern finishes, ideal for investors.
      1141 St Dr SW, Hickory, NC 28602
      View Details
    • New
      $2,300,000
      11.28 Acres

      Hickory Land Redevelopment Opportunity

      11.28 acres ideal for commercial or multi-family redevelopment.
      1100 Zion Church Rd, Hickory, NC 28602
      View Details
    • $32,500
      1.09 Acres

      Hickory, NC Land For Sale

      1.09 acre lot suitable for single-family or duplex development.
      296 19Th Ave SW, Hickory, NC 28602
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      2660 Tate Blvd, Hickory, NC 28602

      Medical Office Space
      2660 Tate Blvd, Hickory, NC 28602
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      1,400 SF retail space available for lease.
      70 Se & Mcdonald Pkwy, Hickory, NC 28602
      View Details
    • New
      $3,800 /Mo
      16,988 SF

      Hickory Commercial Building For Rent

      Well-maintained commercial building near downtown Hickory with office and warehouse.
      731 Main Ave SW, Hickory, NC 28602
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Land for ground lease in a Food Lion anchored center.
      2630 2Nd Ave NW, Hickory, NC 28602
      View Details
    • Contact for pricing

      Hickory, NC Commercial Land Opportunity

      Prime 1-Acre Commercial Lot in Hickory
      1862 Us Highway 70, Hickory, NC 28602
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 373 to 177,869 SqFt.
      1960 Us Highway 70 SE, Hickory, NC 28602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1186 4th St SW Ct
    Hickory, NC 28602-5025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!