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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Truck terminals
2349 13th SW Ave Hickory, NC 28602-4740
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1082636
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1986
Total area
64,928 SF
Lot
24.49 ac (1,066,784 SF)
Zoning code
ED
APN
2792-14-33-0598
UPID
US53-1082636
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
-
Gaines Motor Lines Inc Freight Service Logistics Company
-
Real solutions Corporate Office
-
Earth Edge, LLC Industrial Manufacturer Production Facility
-
Queen Logistics, LLC Logistics Company Freight Service
-
Queen Transportation LLC Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$3.55M
Owner & transaction history
Miclee Land Development LLC · 5 yrs held
Miclee Land Development LLC
since 2021
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
ED · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.0M
+196.3%
Restaurant
$4.4M
+157.4%
Auto repair, garage
$4.3M
+153.1%
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
$3,220,000
ML approach
$3,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,035,000
Change: +196% · Conversion: Difficult
RESTAURANT
$4,370,000
Change: +157% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,300,000
Change: +153% · Conversion: Difficult
OFFICE BUILDING
$3,860,000
Change: +127% · Conversion: Difficult
MEDICAL BUILDING
$3,260,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,080,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10% · vs last sale $3.80M (May 26 2021)
Last sale anchor
$3.80M
May 26 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
$55 / 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
$32,117
Tax year 2023
Assessed value
$3,614,700
Assessed 2023
Previous assessed
$3,614,700
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$355,600
Assessed improvement
$3,259,100
Land market value
$355,600
Improvement market value
$3,259,100
Total market value
$3,614,700
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
NONE
Buildings
2
Units
50
Total area
64,928 SF
Lot
24.49 ac (1,066,784 SF)
Zoning code
ED
APN
2792-14-33-0598
UPID
US53-1082636
Jurisdiction
CATAWBA
Zoning & alternative use
ED · Hickory, NC
Zoning ED · permitted uses
ED · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$5.0M
RESTAURANT
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
1986
Heating
NONE
Cooling
Yes
Buildings
2
Units
50
Lot
24.49 ac
Current owner
From public records · entity-resolved
Miclee Land Development LLC
Entity
Mailing address
PO BOX 2371, HICKORY, NC 28603-2371
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
$3,800,000
Miclee Land Development LLC
Gaines Limited Partnership I
Warranty Deed
$3,867,500 · Truist Bank
Dec 31, 2007
—
LP I Gaines
Gaines,forest M & Sara W
Quit Claim Deed
related
—
Dec 28, 2007
—
Gaines,limited Partnership I
Gaines,forest M
Quit Claim 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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