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Property profile & analytics
OFF-MARKET
Estimated value
$12,150,000
Medical Office Space
2424 Century SE Pl, Hickory, NC 28602-4031
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1655535
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
94,152 SF
Lot
14.46 ac (629,878 SF)
Zoning code
IND
APN
3722-05-07-9859
UPID
US53-1655535
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
-
Graystone Eye-Hickory Medical Clinic Ophthalmologist
-
Graystone Aesthetic Center Skin Care Clinic
-
Joshua G. Paschall, MD Ophthalmologist
-
R.E. Oursler, III, MD Ophthalmologist
-
Curtis Denise Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.15M
Owner & transaction history
Graystone Enterprsies LLC · 7 yrs held
Graystone Enterprsies LLC
since 2018
7 recorded transactions
Zoning & alternative use
IND · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,885,000
6.5%
$15,590,000
7%
$14,475,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$17,880,000
Current use
Blend value · Realmo final
$12.15M
Range $10.94M – $13.37M · ±10%
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
$129 / 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
$218,439
Tax year 2023
Assessed value
$25,593,300
Assessed 2023
Previous assessed
$25,593,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,792,900
Assessed improvement
$23,800,400
Land market value
$1,792,900
Improvement market value
$23,800,400
Total market value
$25,593,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
94,152 SF
Lot
14.46 ac (629,878 SF)
Zoning code
IND
APN
3722-05-07-9859
UPID
US53-1655535
Jurisdiction
CATAWBA
Zoning & alternative use
IND · Hickory, NC
Zoning IND · permitted uses
IND · 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
MEDICAL BUILDING Current
Est. value
$17.9M
MEDICAL BUILDING 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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
14.46 ac
Current owner
From public records · entity-resolved
Graystone Enterprsies LLC
Entity
Mailing address
PO BOX 2588, HICKORY, NC 28603-2588
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
—
Graystone Enterprises LLC
—
Deed
related
$3,519,361 · First Citizens Bank And Trust Co INC
May 12, 2022
—
Graystone Enterprises LLC
—
Deed
related
$3,059,391 · First Citizens Bank & Trust Co
Sep 15, 2021
—
Graystone Enterprises LLC
—
Deed
related
$19,400,041 · First Citizens Bank & Trust Co
Feb 11, 2020
—
Graystone Ents LLC
—
Deed
related
$500,000 · First Citizens Bk
Aug 28, 2019
—
Graystone Enterprises LLC
—
Deed
related
$2,865,601 · First Citizens Bank & Trust Co
Jun 13, 2019
—
Graystone Enterprises LLC
—
Deed
related
$3,449,642 · First Citizens Bank & Trust Co
Sep 24, 2018
—
Graystone Enterprsies LLC
Graystone Enterprsies LLC
Intrafamily Transfer
related
$13,400,000 · First Citizens Bank & Trust Co
Dec 19, 2017
—
Grayston Enterprises LLC
—
Deed
related
$4,000,000 · First Citizens Bank & Trust Co
Dec 29, 2008
—
Graystone Ents LLC
Fisher,randy
Warranty Deed
related
—
Jun 2, 2008
$10,584,000
Ann K Joslyn
Delco I LLC
Warranty Deed
related
$10,690,250 · First Citizens Bank & Trust Co
Apr 20, 2007
$1,226,500
Delco I LLC
Shuford Dev INC
Warranty Deed
related
$1,792,433 · Suntrust Bank NA
May 24, 2006
$252,500
Stec No 06-2857 LLC
Shuford Development INC
Grant Deed
—
—
—
Graystone Ents LLC
—
Deed Of Trust
related
$500,000 · First Citizens Bk
—
—
Graystone Enterprises LLC
—
Deed Of Trust
related
$103,000 · First Citizens Bank & Trust 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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