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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Warehouses
133 23rd NE Ave, Hickory, NC 28601-1419
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1595901
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Total area
7,200 SF
Lot
1.27 ac (55,321 SF)
Zoning code
CC-2
APN
3704-20-80-7663
UPID
US53-1595901
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
-
Fast & EZ Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
$945k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Fast & Easy Elf Storage INC · 5 yrs held
Fast & Easy Elf Storage INC
since 2020
Last sale
$665,000
5 recorded transactions
Zoning & alternative use
CC-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+239.7%
Retail stores
$850,000
+237.1%
Office building
$830,000
+230.8%
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
$765,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$875,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$855,000
Change: +240% · Conversion: Easy
RETAIL STORES
$850,000
Change: +237% · Conversion: Moderate
OFFICE BUILDING
$830,000
Change: +231% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$765,000
Change: +204% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: +182% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $665k (Nov 2 2020)
Last sale anchor
$665k
Nov 2 2020
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
$100 / 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
$6,325
Tax year 2023
Assessed value
$741,100
Assessed 2023
Previous assessed
$741,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$177,000
Assessed improvement
$564,100
Land market value
$177,000
Improvement market value
$564,100
Total market value
$741,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
NONE
Cooling
NONE
Buildings
4
Units
46
Total area
7,200 SF
Lot
1.27 ac (55,321 SF)
Zoning code
CC-2
APN
3704-20-80-7663
UPID
US53-1595901
Jurisdiction
CATAWBA
Zoning & alternative use
CC-2 · Hickory, NC
Zoning CC-2 · permitted uses
CC-2 · 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
AUTO REPAIR, GARAGE
Est. value
$855,000
RETAIL STORES
Est. value
$850,000
OFFICE BUILDING
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$710,000
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1977
Heating
NONE
Cooling
Yes
Buildings
4
Units
46
Lot
1.27 ac
Current owner
From public records · entity-resolved
Fast & Easy Elf Storage INC
Entity
Free & Clear · 5 yrs held
Mailing address
10721 TREENA ST STE #200, SAN DIEGO, CA 92131-1185
Ownership since
2020
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
Nov 2, 2020
$665,000
Fast & Easy Elf Storage INC
Brightrock Properties LLC
Grant Deed
—
Oct 31, 2008
$629,000
Brightrock Properties LLC
Mini-warehouse Of Hickory
Warranty Deed
$534,650 · Bank Of Granite
Oct 25, 2008
$629,000
Brightrock Properties LLC
Mini Warehouse Of Hickory
Grant Deed
$534,650 · Bank Of Granite
—
—
Brightrock Properties LLC
—
Deed Of Trust
related
$483,000 · First National Bank
—
—
Brightrock Properties LLC
—
Deed Of Trust
related
$51,195 · Bank Of The Ozarks
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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