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Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Medical Office Space
214 18th SE St Hickory, NC 28602-1363
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1075561
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,116 SF
Lot
6.33 ac (275,735 SF)
Zoning code
OI
APN
3712-06-48-8934
UPID
US53-1075561
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
-
Sneed Cheri Physician
-
Cale Shawn M Physician
-
Bohemier Todd M Physician
-
Parris Annette Y Physician
-
Orthocarolina Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.78M
Owner & transaction history
Ocre Holdings LLC · 6 yrs held
Ocre Holdings LLC
since 2020
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
OI · 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
Method
Estimation
Statistic approach
$2,970,000
ML approach
$2,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.78M
Range $2.50M – $3.06M · ±10% · vs last sale $2.58M (Jul 2 2020)
Last sale anchor
$2.58M
Jul 2 2020
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
$63 / 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
$90,988
Tax year 2023
Assessed value
$10,660,600
Assessed 2023
Previous assessed
$10,660,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$694,800
Assessed improvement
$9,965,800
Land market value
$694,800
Improvement market value
$9,965,800
Total market value
$10,660,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
44,116 SF
Lot
6.33 ac (275,735 SF)
Zoning code
OI
APN
3712-06-48-8934
UPID
US53-1075561
Jurisdiction
CATAWBA
Zoning & alternative use
OI · Hickory, NC
Zoning OI · permitted uses
OI · 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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
6.33 ac
Current owner
From public records · entity-resolved
Ocre Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4601 PARK RD STE #250, CHARLOTTE, NC 28209-2373
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2020
$2,582,000
Ocre Holdings LLC
Flagship 18 Ortho Hickory LLC
Grant Deed
—
Jul 2, 2020
—
Flagship 18 Ortho Hickory LLC
—
Deed
related
$10,692,500 · First Nat'l Bk/pa
Dec 10, 2019
$16,450,000
Flagship 18 Ortho Hickory LLC
David E Looper
Special Warranty Deed
—
Sep 23, 2019
—
David E Looper
D & H Real Estate LLC
Grant Deed
—
Jun 8, 2016
—
Brian A Krenzel
Orthopaedic Center Assocs LLC
Quit Claim Deed
related
—
—
—
Flagship 18 Ortho Hickory LLC
—
Loan Modification
related
$10,692,500 · First Nat'l Bk/pa
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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