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Property profile & analytics
OFF-MARKET
Assisted living facilities
2010 29th Ave NE Dr, Hickory, NC 28601-7517
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-0857158
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1995
Construction
FRAME
Total area
26,860 SF
Lot
4.16 ac (181,210 SF)
Zoning code
R-4
APN
3714-20-80-8078
UPID
US53-0857158
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
-
Springs of Catawba Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hickory Health Holdings LLC · 13 yrs held
Hickory Health Holdings LLC
since 2012
5 recorded transactions
Zoning & alternative use
R-4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,803
Tax year 2023
Assessed value
$1,968,700
Assessed 2023
Previous assessed
$1,968,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$168,200
Assessed improvement
$1,800,500
Land market value
$168,200
Improvement market value
$1,800,500
Total market value
$1,968,700
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
35
Total area
26,860 SF
Lot
4.16 ac (181,210 SF)
Zoning code
R-4
APN
3714-20-80-8078
UPID
US53-0857158
Jurisdiction
CATAWBA
Zoning & alternative use
R-4 · Hickory, NC
Zoning R-4 · permitted uses
R-4 · 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
1995
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
35
Lot
4.16 ac
Current owner
From public records · entity-resolved
Hickory Health Holdings LLC
Entity
Mailing address
PO BOX 2568, HICKORY, NC 28603-2568
Ownership since
2012
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
Aug 31, 2012
$6,700,000
Hickory Health Holdings LLC
Hickory Al Investors LLC
Special Warranty Deed
$5,500,000 · Contemporary Healthcare Fund I LP
Oct 31, 2011
—
Hickory Al Investors LLC
—
Deed Of Trust
related
$22,000,000 · General Electric Capital Corp
Apr 30, 2009
$4,750,000
Hickory Al Investors LLC
Arbor-hickory,spring
Grant Deed
$4,117,410 · Carter Bank & Trust
—
—
Hickory Health Holdings LLC
—
Deed Of Trust
related
$7,184,000 · Berkadia Com'l Mtg
—
—
Spring Arbor-hickory
—
Deed Of Trust
related
$2,429,900 · Highland Mortgage Service INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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