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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1227 10th St NW Blvd, Hickory, NC 28601-2367
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1108621
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1981
Construction
WOOD
Total area
9,950 SF
Lot
9.42 ac (410,335 SF)
Zoning code
R-3
APN
2793-12-96-4411
UPID
US53-1108621
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
-
Creekside Apartments Apartment Building Apartment Complex
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
Creekside Apartments Investors LLC · 4 yrs held
Creekside Apartments Investors LLC
since 2022
Last sale
$18.2M
6 recorded transactions
Zoning & alternative use
R-3 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$137,204
Tax year 2023
Assessed value
$16,075,500
Assessed 2023
Previous assessed
$16,075,500
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$410,300
Assessed improvement
$15,665,200
Land market value
$410,300
Improvement market value
$15,665,200
Total market value
$16,075,500
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Buildings
6
Units
10
Total area
9,950 SF
Lot
9.42 ac (410,335 SF)
Zoning code
R-3
APN
2793-12-96-4411
UPID
US53-1108621
Jurisdiction
CATAWBA
Zoning & alternative use
R-3 · Hickory, NC
Zoning R-3 · permitted uses
R-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.
Building & site characteristics
From public records
Year built
1981
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Buildings
6
Units
10
Lot
9.42 ac
Current owner
From public records · entity-resolved
Creekside Apartments Investors LLC
Entity
Mailing address
245 W MAIN AVE, GASTONIA, NC 28052-4140
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
$18,200,000
Creekside Apartments Investors LLC
Creekside Apartment Homes LLC
Special Warranty Deed
$13,091,000 · Capital One NA
Sep 30, 2019
—
Creekside Apartment Homes LLC
—
Grant Deed
related
$7,700,000 · Grandbridge R/e Cap
Jul 9, 2012
$5,930,000
Creekside Apartment Homes LLC
Creekside Partners LLP
Warranty Deed
—
May 30, 2008
$6,300,000
Hickory Creekside Partners LLP
Associated Apartment Invtrs Of Cr
Grant Deed
—
May 27, 2008
$6,300,000
Partners LLP Creekside
Associated,apartment Inves
Grant Deed
related
$5,040,000 · Centerline Mortgage Capital
—
—
Creekside Apartment Homes LLC
—
Deed Of Trust
related
$6,100,000 · Arbor Com'l Fndg
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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