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Property profile & analytics
OFF-MARKET
Auto shops
1211 Us Hwy 70th SE Hickory, NC 28602
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-1161773
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2016
Total area
3,604 SF
Lot
1.73 ac (75,359 SF)
Zoning code
C-3
APN
3712-18-21-7614
UPID
US53-1161773
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cloninger Investments INC · 11 yrs held
Cloninger Investments INC
since 2015
5 recorded transactions
Zoning & alternative use
C-3 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 convenient access for city residents as well as people in the surrounding counties. These areas also minimize opportunities for land use con…
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
1,584.32 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,813
Tax year 2023
Assessed value
$915,400
Assessed 2023
Previous assessed
$915,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$578,500
Assessed improvement
$336,900
Land market value
$578,500
Improvement market value
$336,900
Total market value
$915,400
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
NONE
Units
1
Total area
3,604 SF
Lot
1.73 ac (75,359 SF)
Zoning code
C-3
APN
3712-18-21-7614
UPID
US53-1161773
Jurisdiction
CATAWBA
Zoning & alternative use
C-3 · Hickory, NCZoning 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
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 convenient access for city residents as well as people in the surrounding counties. These areas also minimize opportunities for land use conflicts with single family development.
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
1,584.32 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2016
Heating
FORCED AIR
Cooling
Yes
Units
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Cloninger Investments INC
Entity
Mailing address
511 JAKE ALEXANDER BLVD S, SALISBURY, NC 28147-9055
Ownership since
2015
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
Jan 30, 2020
—
Cloninger Investments INC
—
Deed
related
$7,242,000 · Wells Fargo Bk
Jul 29, 2016
—
Cloninger Investments INC
—
Deed
related
$7,012,500 · Capital Bk
Jan 16, 2015
$778,500
Cloninger Investments INC
Propst Family Limited Partnership
Warranty Deed
$4,600,000 · Wells Fargo Bank NA
Oct 21, 2011
$70,000
Hickory Contractors INC
Propst Family LP
Warranty Deed
—
—
—
Cloninger Investments INC
—
Deed Of Trust
related
$7,242,000 · Wells Fargo Bk
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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