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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Strip malls
1922 16th NE St, Hickory, NC 28601-2129
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1831486
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
14,720 SF
Lot
3.75 ac (163,350 SF)
Zoning code
NC
APN
3713-07-67-4830
UPID
US53-1831486
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
-
Cubbard Express Grocery & Convenience Store
-
Marathon Gas Station
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Catawbareid 53108 LLC · 4 yrs held
Catawbareid 53108 LLC
since 2022
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
NC · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+272.4%
Retail stores
$1.1M
+185.5%
Medical building
$1.1M
+169.4%
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
$900,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,470,000
Change: +272% · Conversion: Moderate
RETAIL STORES
$1,130,000
Change: +185% · Conversion: Easy
MEDICAL BUILDING
$1,065,000
Change: +169% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,015,000
Change: +157% · Conversion: Difficult
COMMERCIAL (GENERAL)
$890,000
Change: +126% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$740,000
Change: +88% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $950k (Mar 31 2022)
Last sale anchor
$950k
Mar 31 2022
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
$61 / 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
$8,162
Tax year 2023
Assessed value
$711,800
Assessed 2023
Previous assessed
$956,300
-25.6% YoY
Effective rate
1.15%
On assessed value
Assessed land
$225,200
Assessed improvement
$486,600
Land market value
$225,200
Improvement market value
$486,600
Total market value
$711,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
14,720 SF
Lot
3.75 ac (163,350 SF)
Zoning code
NC
APN
3713-07-67-4830
UPID
US53-1831486
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
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$740,000
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1988
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
3.75 ac
Current owner
From public records · entity-resolved
Catawbareid 53108 LLC
Entity
Mailing address
926 2ND ST NE STE #201, HICKORY, NC 28601-3898
Ownership since
2022
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
Mar 31, 2022
$950,000
Catawbareid 53108 LLC
Catawba Ridge Shopping LLC
Special Warranty Deed
$850,000 · Catawba Ridge Shopping LLC
Nov 21, 2019
—
Catawba Ridge Shopping LLC
East Side Prop Of Hickory II LLC
Quit Claim Deed
related
—
—
—
Catawba Ridge Shopping LLC
—
Deed Of Trust
related
$772,000 · Wachovia 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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