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Property profile & analytics
OFF-MARKET
Estimated value
$4,480,000
Grocery and convenience stores
140 Us Hwy 321st NW, Hickory, NC 28601-5831
Individually Owned
Free & Clear
Property ID
US53-1640969
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1982
Total area
1,392 SF
Lot
1.51 ac (65,776 SF)
Zoning code
C-2
APN
2793-20-80-3308
UPID
US53-1640969
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
$4.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.48M
Owner & transaction history
K M Biggs Incorporated
K M Biggs Incorporated
since 2026
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
C-2 · 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
Method
Estimation
Statistic approach
$4,480,000
ML approach
$4,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.48M
Range $4.03M – $4.93M · ±10% · vs last sale $4.48M (Dec 17 2024)
Last sale anchor
$4.48M
Dec 17 2024
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
$3,218 / 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
$4,080
Tax year 2023
Assessed value
$478,000
Assessed 2023
Previous assessed
$478,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$263,000
Assessed improvement
$215,000
Land market value
$263,000
Improvement market value
$215,000
Total market value
$478,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1982
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,392 SF
Lot
1.51 ac (65,776 SF)
Zoning code
C-2
APN
2793-20-80-3308
UPID
US53-1640969
Jurisdiction
CATAWBA
Zoning & alternative use
C-2 · Hickory, NC
Zoning C-2 · permitted uses
C-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.
Building & site characteristics
From public records
Year built
1982
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
K M Biggs Incorporated
Individual
Free & Clear · 0 yrs held
Mailing address
106 2ND ST NW, HICKORY, NC 28601-6107
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2026
$2,450,000
K M Biggs Incorporated
Lenoir Entertainment LLC
Special Warranty Deed
—
Dec 17, 2024
$4,480,500
Lenoir Entertainment LLC
Colson Park Capital INC
Special Warranty Deed
$3,500,000 · Southstate Bank NA
Aug 14, 2024
—
Colson Park Capital INC
Colson Park Cpaital INC
Intrafamily Transfer
related
—
Feb 27, 2024
—
Colson Park Capital INC
Brown Legacy Properties LLC
Deed
—
Feb 27, 2024
$1,110,000
Colson Park Capital INC
Brown Legacy Properties LLC
Special Warranty Deed
$1,080,000 · Brown Legacy Properties LLC
Aug 21, 2015
—
Brown Legacy Properties LLC
Carson,gloria B & Norman L
Grant Deed
related
—
Jun 27, 2014
—
Brown Legacy Properties LLC
Carson,gloria B & Norman L
Warranty Deed
related
—
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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