Property profile

1260 16th NE St Hickory, NC 28601

OFF-MARKET
Drive through restaurants
Property ID
US53-1288273
2,514 SF 1.02 ac lot Built 1978
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1978
Total area 2,514 SF
Lot 1.02 ac (44,431 SF)
Zoning code C-2
APN 3713-15-63-7512
UPID US53-1288273

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

1260 16th NE St Hickory, NC 28601-4241
Hickory metro Census 10402 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2020
1 recorded transaction
2020
$1.0M

Zoning & alternative use

C-2 · Hickory, NC
Zoning description

The C-2 district is intended to establish suitable development standards for the provision of convenience goods, shopper goods and services at locations along major transportation routes that serve both local and pass th…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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