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Property profile & analytics
FOR LEASE
Office buildings
1985 Tate Blvd 5th Hickory, NC 28602
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-1359514
For Lease
1 / 15
$129-$17,211/Mo
1985 Tate Blvd,Unit 5th, Hickory, NC 28602
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Total area
44,700 SF
Lot
7.43 ac (323,651 SF)
Zoning code
IND
APN
3712-07-68-5363
UPID
US53-1359514
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
-
Dynamic Technologies Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Blue Cross & Blue Shield of NC Insurance Agency
-
Shuford Yarns LLC (Bike/Boat/Book/etc) Store
-
J. Steven Brackett Law Office Law Firm
-
Hickory Veterans Service Center - NCDVA State Government Office Veterans Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$5.16M
Owner & transaction history
D & H Real Estate LLC · 10 yrs held
D & H Real Estate LLC
since 2016
3 recorded transactions
Zoning & alternative use
IND · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The IND District is intended to provide locations for the development of land uses generally devoted to manufacturing, processing and assembly, warehousing, distribution and servicing enterprises and office activities controlled by performance standards to limit the effect of such uses on uses within the district and on adjacent districts.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
4,774.62 ac
Source
Realmo
Top alternative use upside
Medical building
$8.5M
+118.5%
Auto repair, garage
$5.3M
+36.6%
Apartment house (5+ units)
$4.6M
+19.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,885,000
Current use
MEDICAL BUILDING
$8,490,000
Change: +119% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,305,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,640,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,550,000
Change: -9% · Conversion: Easy
RETAIL STORES
$3,550,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$5.16M
Range $4.64M – $5.68M · ±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
$115 / 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
$48,899
Tax year 2023
Assessed value
$5,729,200
Assessed 2023
Previous assessed
$5,729,200
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$460,100
Assessed improvement
$5,269,100
Land market value
$460,100
Improvement market value
$5,269,100
Total market value
$5,729,200
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1972
Heating
HOT WATER
Cooling
CENTRAL
Stories
7
Units
1
Total area
44,700 SF
Lot
7.43 ac (323,651 SF)
Zoning code
IND
APN
3712-07-68-5363
UPID
US53-1359514
Jurisdiction
CATAWBA
Zoning & alternative use
IND · Hickory, NCZoning IND · permitted uses
IND · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The IND District is intended to provide locations for the development of land uses generally devoted to manufacturing, processing and assembly, warehousing, distribution and servicing enterprises and office activities controlled by performance standards to limit the effect of such uses on uses within the district and on adjacent districts.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
4,774.62 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
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
1972
Heating
HOT WATER
Cooling
Yes
Stories
7
Units
1
Lot
7.43 ac
Current owner
From public records · entity-resolved
D & H Real Estate LLC
Entity
Mailing address
1985 TATE BLVD SE STE #756, HICKORY, NC 28602-1433
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Nov 21, 2019
—
Tate Boulevard I LLC
—
Deed
related
$5,200,000 · Miscellaneous Ins Co
Jul 1, 2016
$13,483,000
D & H Real Estate LLC
Krenzel,brian A & Gretchen
Grant Deed
$11,220,000 · Yadkin Bk
—
—
Tate Boulevard I LLC
—
Deed Of Trust
related
$5,200,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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