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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Manufacturing properties
220 10th SW St Hickory, NC 28602-2518
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0839881
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Total area
67,200 SF
Lot
4.59 ac (199,940 SF)
Zoning code
C-2
APN
3702-05-18-1688
UPID
US53-0839881
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$897k
Blend (final)
Blend
$1.42M
Owner & transaction history
Cabinet Solutions USA INC · 4 yrs held
Cabinet Solutions USA INC
since 2021
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
C-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-2 district is intended to establish suitable development standards for the provision of convenience goods, shopper goods and services at locations along major transportation routes that serve both local and pass through traffic.
Zone name
General Business
General category
COMMERCIAL
Zone area
780.55 ac
Source
Realmo
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
$1,270,000
ML approach
$1,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,895,000
Current use
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.50M (Dec 22 2021)
Last sale anchor
$1.50M
Dec 22 2021
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
$21 / 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
$14,910
Tax year 2023
Assessed value
$655,800
Assessed 2023
Previous assessed
$1,746,900
-62.5% YoY
Effective rate
2.27%
On assessed value
Assessed land
$186,300
Assessed improvement
$469,500
Land market value
$186,300
Improvement market value
$469,500
Total market value
$655,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
NONE
Units
1
Total area
67,200 SF
Lot
4.59 ac (199,940 SF)
Zoning code
C-2
APN
3702-05-18-1688
UPID
US53-0839881
Jurisdiction
CATAWBA
Zoning & alternative use
C-2 · Hickory, NCZoning C-2 · permitted uses
C-2 · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-2 district is intended to establish suitable development standards for the provision of convenience goods, shopper goods and services at locations along major transportation routes that serve both local and pass through traffic.
Zone name
General Business
General category
COMMERCIAL
Zone area
780.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
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
1974
Heating
NONE
Cooling
Yes
Units
1
Lot
4.59 ac
Current owner
From public records · entity-resolved
Cabinet Solutions USA INC
Entity
Free & Clear · 4 yrs held
Mailing address
220 10TH ST SW, HICKORY, NC 28602-2518
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 22, 2021
$1,500,000
Cabinet Solutions USA INC
Mc Properties Of Hickory LLC
Warranty Deed
—
May 7, 2021
$1,500,000
Cabinet Solutions USA INC
Mc Properties Of Hky LLC
Contract Sale
$1,450,000 · Mc Properties Of Hky LLC
Oct 18, 2019
—
Mc Properties Of Hickory LLC
—
Deed
related
$440,000 · Peoples Bank
Jul 27, 2016
—
Mc Properties Of Hickory LLC
Romeo,paula T
Quit Claim Deed
related
$300,000 · Peoples Bk
Mar 16, 2010
—
Mc Properties Of Hickory LLC
Romeo,janice Miller
Grant Deed
related
—
Sep 15, 2009
—
Janice Miller Romeo
Burgess,arthur H JR
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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