Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Investment properties
2017 Ctr St Hickory, NC 28601-1861
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US53-2107321
Property summary
AI-generated overview
This exceptional retail property, located at 2017 N Center St in Hickory, North Carolina, offers 1,678 square feet of completely vacant space, ideal for multiple tenants. The property is categorized as Commercial Retail and is situated in Catawba County, zip code 28601. The building allows for flexible leasing options, with spaces ranging from a minimum of 379 square feet to a maximum contiguous space of 882 square feet. This presents a unique opportunity for businesses seeking individual units or those looking to expand their operations. The property's prime location in Hickory offers excellent visibility and accessibility, making it an attractive option for a variety of retail ventures. The address is easily accessible and benefits from high foot traffic and strong local demographics. This is a turnkey opportunity for businesses seeking immediate occupancy in a thriving commercial area. The entire 1,678 square feet is currently available for lease, providing a blank canvas for your business needs. Serious inquiries are encouraged to explore this exceptional retail space in a desirable North Carolina location. Contact us today to schedule a viewing and discuss your leasing requirements.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1938
Construction
WOOD
Total area
3,360 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CC-2
APN
3703-07-79-2596
UPID
US53-2107321
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
-
C. Thomas McLeod CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$483k
Blend (final)
Blend
$540k
Owner & transaction history
127 North Properties LLC · 21 yrs held
127 North Properties LLC
since 2005
Last sale
$580,000
3 recorded transactions
Zoning & alternative use
CC-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$640,000
+92.7%
Auto repair, garage
$400,000
+20.5%
Retail stores
$395,000
+19.5%
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%
$565,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$330,000
Current use
MEDICAL BUILDING
$640,000
Change: +93% · Conversion: Easy
AUTO REPAIR, GARAGE
$400,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$395,000
Change: +20% · Conversion: Easy
OFFICE BUILDING
$390,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $580k (Jul 1 2025)
Last sale anchor
$580k
Jul 1 2025
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
$161 / 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
$2,435
Tax year 2023
Assessed value
$285,300
Assessed 2023
Previous assessed
$285,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$114,800
Assessed improvement
$170,500
Land market value
$114,800
Improvement market value
$170,500
Total market value
$285,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
3,360 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CC-2
APN
3703-07-79-2596
UPID
US53-2107321
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$330,000
MEDICAL BUILDING
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$400,000
RETAIL STORES
Est. value
$395,000
OFFICE BUILDING
Est. value
$390,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1938
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
127 North Properties LLC
Entity
Mailing address
2029 N CTR ST, HICKORY, NC 28601-1861
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2005
$325,000
127 North Properties LLC
David Impagliazzo
Warranty Deed
$293,962 · Central Carolina Bank
—
—
David Impagliazzo
—
Deed Of Trust
related
$50,000 · Bank Of Granite
—
—
127 North Properties LLC
—
Deed Of Trust
related
$200,000 · First Cmnty Bk
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?”
You own 2017 Ctr St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
