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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Auto shops
226 16th NW St Hickory, NC 28601-4720
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0265204
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1993
Total area
3,546 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C-2
APN
2793-20-71-8191
UPID
US53-0265204
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
-
Strickland Brothers 10 Minute Oil Change Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$381k
Blend (final)
Blend
$530k
Owner & transaction history
Jack Straw Properties LLC · 5 yrs held
Jack Straw Properties LLC
since 2020
Last sale
$540,000
4 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
Top alternative use upside
Medical building
$675,000
+60.0%
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
$620,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$420,000
Current use
MEDICAL BUILDING
$675,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$420,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$410,000
Change: -3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$350,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $540k (Oct 8 2020)
Last sale anchor
$540k
Oct 8 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
$149 / 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
$1,524
Tax year 2023
Assessed value
$178,500
Assessed 2023
Previous assessed
$178,500
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$10,500
Assessed improvement
$168,000
Land market value
$10,500
Improvement market value
$168,000
Total market value
$178,500
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
3,546 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C-2
APN
2793-20-71-8191
UPID
US53-0265204
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
AUTO REPAIR, GARAGE Current
Est. value
$420,000
MEDICAL BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$420,000
OFFICE BUILDING
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$350,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Jack Straw Properties LLC
Entity
Mailing address
165 VIRGINIA ST STE #402, MOUNT AIRY, NC 27030-3871
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
$540,000
Jack Straw Properties LLC
Strickland Brothers LLC
Special Warranty Deed
$376,000 · American National Bank & Trust Co
Jul 15, 2019
$488,000
Strickland Brothers LLC
Gml Venture LLC
Grant Deed
$1,150,000 · Live Oak Bkng Co
Oct 1, 2015
—
Gml Venture LLC
Grease Monkey Lubes Lc
Quit Claim Deed
related
$1,073,290 · Community Bk/co
—
—
Grease Monkey Lubes Lc
—
Deed Of Trust
related
$1,092,000 · Community Bk/co
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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