Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    241 16th NE Ave, Unit 1 Hickory, NC 28601-1969

    • Garden apartment buildings
    • 8,064 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Sep 27, 2024
    Location Intelligence
    Property ID
    US53-1990511
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Woodside Apartments / Apartment Building
    • xxloremxxjayxxstarxx / Market Researcher

    Property Details for 241 16th NE Ave

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    8,064 SF
    Zone code
    NC
    Property type
    Garden apartment buildings
    APN
    3703-11-77-1463
    APU
    370311771463

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $440,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $380,000
      Mixed-Use
      $420,000
      Hospitality
      $390,000
      Educational
      $450,000
      Residential Income
      $490,000
      Energy
      $410,000
      Income-Based Land
      $455,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3353
    Latitude
    35.7538
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,012
    $36,600
    $550,600
    $587,200
    -
    $36,600
    $550,600
    $587,200

    Comparable in this City

    • Value Estimation by Request
      8,992 SF

      1930 20th Ave NE Dr

      GARDEN APT, COURT APT (5+ UNITS) • 8,992 SF
      1930 20th Ave NE Dr, Hickory, NC 28601-0609
      View Details
    • Value Estimation by Request
      20,436 SF

      3000 6th NE St

      GARDEN APT, COURT APT (5+ UNITS) • 20,436 SF
      3000 6th NE St, Hickory, NC 28601-1289
      View Details
    • Value Estimation by Request
      7,470 SF

      1365 5th St Nea

      GARDEN APT, COURT APT (5+ UNITS) • 7,470 SF
      1365 5th St Nea, Hickory, NC 28601-2000
      View Details
    • Value Estimation by Request
      17,456 SF

      1017 10th NE Ave

      GARDEN APT, COURT APT (5+ UNITS) • 17,456 SF
      1017 10th NE Ave, Hickory, NC 28601-4016
      View Details
    • Value Estimation by Request
      5,884 SF

      545 12th NE Ave, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 5,884 SF
      545 12th NE Ave, Hickory, NC 28601-2785
      View Details
    • Value Estimation by Request
      7,630 SF

      3900 1st N Ctr St

      GARDEN APT, COURT APT (5+ UNITS) • 7,630 SF
      3900 1st N Ctr St, Hickory, NC 28601
      View Details

    Similar Nearby for Sale

    • New
      $413,999
      Pending

      Hickory, NC Investment Opportunity

      Well-maintained 5-plex in desirable Hickory neighborhood, ideal for investors.
      810 10Th Street Blvd, Hickory, NC 28601
      View Details
    • $649,000
      0.52 Acres

      Renovated Duplex in Hickory Neighborhood

      Fully renovated duplex offers flexible living and investment opportunities.
      1206 9Th St NW, Hickory, NC 28601
      View Details
    • $455,000
      1.32 Acres

      Hickory Multifamily Investment Opportunity

      Three income-producing properties in Hickory, NC, being sold together.
      3210 28Th Avenue Dr NE, Hickory, NC 28601
      View Details
    • $799,900

      Spacious Townhome with Dual Suites

      Low-maintenance townhome with multiple primary suites and lake views.
      2137 6Th St NW, Hickory, NC 28601
      View Details
    • $999,000
      1.13 Acres

      Hickory, NC Commercial Land Investment

      High-growth area, multiple development parcels.
      2633 Springs Rd, Hickory, NC 28601
      View Details
    • $4,736,365
      18,950 SF

      Hickory, NC Net-Leased Medical Office

      7.5% Cap Rate, 7+ Years Remaining, Strong Tenant
      1022 2Nd St, Hickory, NC 28601
      View Details

    Similar Nearby for Lease

    • $69 SF/Yr
      6,000 SF

      Prime Catawba County Industrial Space

      6,000 SF Office/Warehouse - Available Now
      1700 11Th Ave, Hickory, NC 28601
      View Details
    • $2,500 /Mo
      28,750 SF

      Hickory Retail Space For Rent

      Versatile retail space on high-traffic Springs Road in Hickory, NC.
      2906 Springs Rd NE, Hickory, NC 28601
      View Details
    • $17 SF/Yr
      1,653 SF

      Retail Space in Hickory

      Retail space in busy NW Hickory shopping district.
      2923 N Center St, Hickory, NC 28601
      View Details
    • Contact for pricing

      Retail Space in Hickory, NC

      Retail spaces available for lease in Hickory's prominent retail area.
      Hickory, NC 28601
      View Details
    • Contact for pricing
      4,630 SF

      Hickory, NC Commercial Property

      4,630 SF Office/Retail Space, High Traffic
      1856 12Th Ave, Hickory, NC 28601
      View Details
    • Contact for pricing

      Hickory Land For Ground Lease

      2 acres available for ground lease on heavily travelled corridor.
      Hickory, NC 28601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    241 16th NE Ave, Unit 1
    Hickory, NC 28601-1969
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.