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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Residential income homes
1445 16th NE St Hickory, NC 28601-2811
Trust Owned
11-yr Hold
Free & Clear
Property ID
US53-0790118
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2006
Total area
4,826 SF
Lot
1.04 ac (45,302 SF)
Zoning code
NC
APN
3713-15-64-5784
UPID
US53-0790118
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
-
Three Sisters Art Studio Training Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$369k
Blend (final)
Blend
$535k
Owner & transaction history
Ivey Family Living Trust · 11 yrs held
Ivey Family Living Trust
since 2014
5 recorded transactions
Zoning & alternative use
NC · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$575,000
+11.7%
Retail stores
$570,000
+10.9%
Office building
$560,000
+8.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$515,000
Current use
AUTO REPAIR, GARAGE
$575,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$475,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$111 / 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
$5,900
Tax year 2023
Assessed value
$691,300
Assessed 2023
Previous assessed
$691,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$77,200
Assessed improvement
$614,100
Land market value
$77,200
Improvement market value
$614,100
Total market value
$691,300
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2006
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Units
1
Total area
4,826 SF
Lot
1.04 ac (45,302 SF)
Zoning code
NC
APN
3713-15-64-5784
UPID
US53-0790118
Jurisdiction
CATAWBA
Zoning & alternative use
NC · Hickory, NC
Zoning NC · permitted uses
NC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$575,000
RETAIL STORES
Est. value
$570,000
OFFICE BUILDING
Est. value
$560,000
COMMERCIAL (GENERAL)
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2006
Heating
HOT WATER
Cooling
Yes
Buildings
2
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Ivey Family Living Trust
Trust
Free & Clear · 11 yrs held
Mailing address
4240 4TH ST LN NW, HICKORY, NC 28601-8034
Ownership since
2014
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 24, 2014
—
Ivey Family Living Trust
Ivey,charles H & Loretta K
Quit Claim Deed
related
—
Jun 8, 2011
$140,700
Charles H Ivey
Deaton,wesley L
Trustees Deed
related
—
Sep 22, 2005
$114,000
Mihail Gheorghica
Beard Furniture Mfg INC
Warranty Deed
$210,000 · Bank Of Granite
—
—
Mihail Gheorghica
—
Deed Of Trust
related
$56,000 · Bank Of Granite
—
—
Mihail Gheorghica
—
Deed Of Trust
related
$210,000 · Bank Of Granite
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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