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Property profile & analytics
OFF-MARKET
Estimated value
$2,905,000
Medical Office Space
1208 Hickory SW Blvd Lenoir, NC 28645-6461
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1338083
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,447 SF
Lot
4.45 ac (193,842 SF)
APN
09 22 1 5
UPID
US53-1338083
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
-
Coinstar Bank Credit Union
-
Dr. Gerald Mank Physician
-
Blue Ridge Digestive Health - Lenoir Medical Clinic
-
Emily Diggs Physician
-
Laura Gerrald Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.91M
Owner & transaction history
Lenoir Mob LLC · 5 yrs held
Lenoir Mob LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+39.0%
Commercial (general)
$3.3M
+15.7%
Restaurant
$3.2M
+11.2%
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 Lenoir submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenoir 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,870,000
Current use
OFFICE BUILDING
$3,990,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,320,000
Change: +16% · Conversion: Easy
RESTAURANT
$3,190,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,165,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$2,665,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±10%
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
$76 / 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
Property tax & assessments
Assessed value
$3,800,400
Assessed 2024
Previous assessed
$3,800,400
+0.0% YoY
Assessed land
$567,600
Assessed improvement
$3,232,800
Land market value
$567,600
Improvement market value
$3,232,800
Total market value
$3,800,400
Applied tax rate
9.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
38,447 SF
Lot
4.45 ac (193,842 SF)
APN
09 22 1 5
UPID
US53-1338083
Jurisdiction
CALDWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
4.45 ac
Current owner
From public records · entity-resolved
Lenoir Mob LLC
Entity
Mailing address
1985 TATE BLVD SE STE #756, HICKORY, NC 28602-1433
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
—
Lenoir Mob LLC
Lenoir Mob LLC
Intrafamily Transfer
related
$9,150,000 · Truist Bank
Oct 1, 2020
—
Lenoir Mob LLC
1208 Hickory LLC
Grant Deed
related
—
Aug 15, 2019
—
1208 Hickory LLC
—
Grant Deed
related
$7,460,000 · Branch Bk&tr
Dec 21, 2018
—
1208 Hickory LLC
—
Grant Deed
related
$4,300,000 · Branch Bk&tr
Nov 15, 2018
—
1208 Hickory LLC
Mdi Management LLC
Grant Deed
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.
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