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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Medical Office Space
1870 Ctr St Hickory, NC 28601-1853
Entity Owned
~
Est. High Equity
Property ID
US53-0263714
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
FRAME
Total area
3,960 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CC-2
APN
3703-07-78-2880
UPID
US53-0263714
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
-
Harker Harker Physician Medical Clinic
-
David Harker, MD Physician Medical Clinic
-
Ashley Lancaster Physician
-
Jake Turrentine Physician Medical Clinic
-
Hickory Dermatology at Viewmont Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$725k
Owner & transaction history
Demesthesia LLC
Demesthesia LLC
since 2025
Last sale
$782,500
3 recorded transactions
Zoning & alternative use
CC-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
$665,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $783k (Apr 13 2021)
Last sale anchor
$783k
Apr 13 2021
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
$183 / 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
$5,956
Tax year 2023
Assessed value
$697,800
Assessed 2023
Previous assessed
$697,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$120,000
Assessed improvement
$577,800
Land market value
$120,000
Improvement market value
$577,800
Total market value
$697,800
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
2000
Construction
FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
1
Total area
3,960 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CC-2
APN
3703-07-78-2880
UPID
US53-0263714
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.
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Demesthesia LLC
Entity
Mailing address
14020 HELEN BENSON BLVD, DAVIDSON, NC 28036-8970
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
$1,000,000
Demesthesia LLC
Koj Properties 1 LLC
Special Warranty Deed
$850,000 · First Horizon Bank
Apr 13, 2021
$782,500
Koj Properties 1 LLC
Sandbagger Properties LLC
Special Warranty Deed
$628,000 · Peoples Bank
Sep 18, 2018
—
Sandbagger Properties LLC
—
Deed
related
$255,128 · Compass Bank
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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