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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Medical Office Space
1455 25th Ave NE Dr, Hickory, NC 28601-9677
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US53-1540779
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
WOOD
Total area
9,573 SF
Lot
2.34 ac (101,930 SF)
Zoning code
NC
APN
3714-19-50-5825
UPID
US53-1540779
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
-
Luckadoo Laura J MD Pediatrician Medical Clinic
-
Denise Niehues, PA Physician
-
The Childhealth Center, PA Medical Clinic
-
Melissa E. Smith, RD Physician
-
Dr. Angela M. Frierson, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$975k
Blend (final)
Blend
$1.36M
Owner & transaction history
Hickory Health Associates LLC · 20 yrs held
Hickory Health Associates LLC
since 2005
4 recorded transactions
Zoning & alternative use
NC · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,715,000
6.5%
$1,585,000
7%
$1,470,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,820,000
Current use
RESTAURANT
$2,195,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$142 / 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
$19,013
Tax year 2023
Assessed value
$2,227,600
Assessed 2023
Previous assessed
$2,227,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$276,200
Assessed improvement
$1,951,400
Land market value
$276,200
Improvement market value
$1,951,400
Total market value
$2,227,600
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
2008
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
9,573 SF
Lot
2.34 ac (101,930 SF)
Zoning code
NC
APN
3714-19-50-5825
UPID
US53-1540779
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
MEDICAL BUILDING Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.2M
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
2008
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Hickory Health Associates LLC
Entity
Mailing address
1125 38TH AVE NE, HICKORY, NC 28601-7467
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2005
$325,000
Hickory Health Associates LLC
Oak Knolls Development Co LLC
Warranty Deed
$325,000 · First Citizens Bank & Trust Co
—
—
Hickory Health Associates LLC
—
Deed Of Trust
related
$1,400,000 · Peoples Bank
—
—
Hickory Health Associates LLC
—
Deed Of Trust
related
$1,233,000 · Capital Bank NA
—
—
Hickory Health Associates LLC
—
Deed Of Trust
related
$100,000 · Capital Bank NA
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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