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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Banks
2050 Catawba Vly SE Blvd Hickory, NC 28602-4149
Entity Owned
18-yr Hold
Free & Clear
Property ID
US53-0704683
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2002
Total area
14,264 SF
Lot
1.33 ac (57,935 SF)
Zoning code
PD
APN
3711-07-67-4615
UPID
US53-0704683
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
-
Peoples Bank Bank Loan Service
-
Raymond James Financial Services Financial Advisor
-
Community Bank Real Estate Solutions Loan Service Bank
-
Real Estate Advisory Services Inc Real Estate Agency
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$560k
Owner & transaction history
Peoples Bank · 18 yrs held
Peoples Bank
since 2007
2 recorded transactions
Zoning & alternative use
PD · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Planned Developments shall be in conformance with the adopted Thoroughfare, Sidewalk and Bikeway Plans and located and designed as to provide direct access to and from such districts without creating significant traffic along minor streets in residential neighborhoods outside the district. Planned Developments shall be so located in relation to sanitary sewe…
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
867.55 ac
Source
Realmo
Top alternative use upside
Office building
$850,000
+0.3%
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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$845,000
Current use
OFFICE BUILDING
$850,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: -15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$675,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$39 / 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
$20,481
Tax year 2023
Assessed value
$2,399,600
Assessed 2023
Previous assessed
$2,399,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$625,700
Assessed improvement
$1,773,900
Land market value
$625,700
Improvement market value
$1,773,900
Total market value
$2,399,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2002
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
1
Total area
14,264 SF
Lot
1.33 ac (57,935 SF)
Zoning code
PD
APN
3711-07-67-4615
UPID
US53-0704683
Jurisdiction
CATAWBA
Zoning & alternative use
PD · Hickory, NCZoning PD · permitted uses
PD · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Planned Developments shall be in conformance with the adopted Thoroughfare, Sidewalk and Bikeway Plans and located and designed as to provide direct access to and from such districts without creating significant traffic along minor streets in residential neighborhoods outside the district. Planned Developments shall be so located in relation to sanitary sewers, water lines, storm and surface drainage systems and other utilities systems and installations that minimum levels of service shall be maintained.
Zone name
Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
867.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$845,000
OFFICE BUILDING
Est. value
$850,000
MEDICAL BUILDING
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$675,000
FINANCIAL BUILDING Current
OFFICE BUILDING
MEDICAL BUILDING
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
2002
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Peoples Bank
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 467, NEWTON, NC 28658-0467
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2007
$2,985,000
Peoples Bank
Cvb Investments I LLC
Warranty Deed
—
Aug 10, 2007
—
Peoples Bank
Cvb Investments I LLC
Grant Deed
related
—
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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