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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Medical Office Space
1235 4th St NW Dr, Hickory, NC 28601-3646
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1647965
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
WOOD
Total area
5,656 SF
Lot
0.45 ac (19,602 SF)
Zoning code
OI
APN
3703-11-55-7599
UPID
US53-1647965
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
-
McAllister Dentistry - John S. McAllister DDS Dental Office
-
McAllister Dentistry Dental Office
-
Lake Hickory Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$785k
Owner & transaction history
K&b Realty LLC · 3 yrs held
K&b Realty LLC
since 2023
Last sale
$770,000
5 recorded transactions
Zoning & alternative use
OI · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+20.7%
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
$905,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,075,000
Current use
RESTAURANT
$1,295,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $770k (Mar 30 2023)
Last sale anchor
$770k
Mar 30 2023
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
$139 / 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
$5,769
Tax year 2023
Assessed value
$675,900
Assessed 2023
Previous assessed
$675,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$78,400
Assessed improvement
$597,500
Land market value
$78,400
Improvement market value
$597,500
Total market value
$675,900
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
2009
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
5,656 SF
Lot
0.45 ac (19,602 SF)
Zoning code
OI
APN
3703-11-55-7599
UPID
US53-1647965
Jurisdiction
CATAWBA
Zoning & alternative use
OI · Hickory, NC
Zoning OI · permitted uses
OI · 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
MEDICAL BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING Current
RESTAURANT
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
2009
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
K&b Realty LLC
Entity
Mailing address
221 13TH AVE PL NW, HICKORY, NC 28601-2549
Ownership since
2023
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
Mar 30, 2023
$770,000
K&b Realty LLC
Discover Your Smile LLC
Special Warranty Deed
$770,000 · First Citizens Bank & Trust Co
Oct 31, 2011
$665,000
Discover Your Smile LLC
Efm Properties LLC
Warranty Deed
$552,000 · First Citizens Bank & Trust Co
Dec 19, 2008
$100,000
Efm Properties LLC
Dan Waters
Warranty Deed
$478,200 · First Citizens Bank & Trust Co
Dec 17, 2008
$100,000
Efm Properties LLC
Waters,dan
Grant Deed
$478,200 · First Citizens Bank & Trust Co
Aug 19, 2004
$55,000
Dan Waters
Williams,jeanette
Warranty Deed
—
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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