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Property profile & analytics
OFF-MARKET
Sports & entertainment properties
243 3rd NE Ave Hickory, NC 28601-5168
Entity Owned
Free & Clear
Property ID
US53-1798509
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1930
Lot
2.2 ac (95,832 SF)
Zoning code
OI
APN
3703-19-70-4942
UPID
US53-1798509
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
-
Drendel Auditorium Theater & Performing Art Venue Music Venue
-
Hickory Choral Society Theater & Performing Art Venue
-
United Arts Council of Catawba County Association / Organization
-
Millholland Planetarium Planetarium
-
Salt Block Foundation Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
CORINTH UNITED CHURCH OF CHRIST TR
CORINTH UNITED CHURCH OF CHRIST TR
Zoning & alternative use
OI · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The OI district is intended to provide locations for the development of institutions of higher learning and medical hospitals within Public or Institutional areas, as identified with the Hickory by Choice Comprehensive Plan. The OI district is also intended to provide for transitional land uses between residential and commercial uses. OI districts providing…
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
985.53 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$8,087,700
Assessed 2023
Previous assessed
$8,087,700
+0.0% YoY
Assessed land
$383,300
Assessed improvement
$7,704,400
Land market value
$383,300
Improvement market value
$7,704,400
Total market value
$8,087,700
Applied tax rate
5.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1930
Heating
NONE
Lot
2.2 ac (95,832 SF)
Zoning code
OI
APN
3703-19-70-4942
UPID
US53-1798509
Jurisdiction
CATAWBA
Zoning & alternative use
OI · Hickory, NCZoning OI · permitted uses
OI · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The OI district is intended to provide locations for the development of institutions of higher learning and medical hospitals within Public or Institutional areas, as identified with the Hickory by Choice Comprehensive Plan. The OI district is also intended to provide for transitional land uses between residential and commercial uses. OI districts providing transitional areas are generally characterized as smaller sites allowing for small-scale offices
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
985.53 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Lot
2.2 ac
Current owner
From public records · entity-resolved
CORINTH UNITED CHURCH OF CHRIST TR
Individual
Free & Clear · 0 yrs held
Mailing address
150 16TH AVE NW, HICKORY, NC 28601-2458
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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