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Financial
Distress signals
Property profile

219 1st SW Ave Hickory, NC 28602

OFF-MARKET
Office Spaces
Property ID
US53-1717335
11,728 SF Built 1970
Last sale Apr 2024 · $1,640,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 8,480 square foot office building, located at 219 1st Avenue NW in the heart of Downtown Hickory, North Carolina, presents a unique investment opportunity. Recently reduced in price to $695,000, this property boasts eight individual suites, each equipped with separate meters for efficient utility management. This flexibility makes it ideal for a variety of business models, from single-occupancy to multi-tenant configurations. The building's prime location offers unparalleled…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$846k
Assessed land$32k
Assessed improvement$814k
Effective rate0.85%

Value estimate

· Oct 2026
$1.64M
$1.48M – $1.80M
AI approach$1.64M
Submarket $/SF estimate$1.11M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$87/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$48 – $127
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-1
The C-1 is intended to preserve and enhance downtown Hickorys role as a commercial, financial, cultural and governmental center. In recog...
General categoryCIVIC_INSTITUTIONAL
JurisdictionCATAWBA

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand index
Daycare Center10.3
Locksmith9.5
Convenience Store9.4

Location

219 1st SW Ave Hickory, NC 28602-2922
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1940 Briarwood, Hickory, NC 28602-5497 $1,125,000 Feb 2026 10,628 SF
308 15th SE, Hickory, NC 28602-1348 $950,000 Sep 2024 15,000 SF
2165 Medical Park, Hickory, NC 28602-8809 $6,500,000 Apr 2024 19,795 SF
961 11th Ave SE, Hickory, NC 28602-4348 $700,000 Jan 2022 6,000 SF
1245 26th SE, Hickory, NC 28602-7317 $1,069,000 Dec 2021 21,057 SF
1261 10th Ave SE, Hickory, NC 28602-4302 $1,387,500 Jul 2021 9,234 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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