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Property profile & analytics
OFF-MARKET
Estimated value
$7,450,000
Medical Office Space
2440 Century SE Pl, Hickory, NC 28602-4031
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1288311
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,824 SF
Lot
4.64 ac (202,118 SF)
Zoning code
IND
APN
3722-09-16-5985
UPID
US53-1288311
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
-
Hickory VA Clinic, Charles George Physician
-
Hickory VA Clinc Medical Clinic
-
Kelly Gannon Pediatrician Physician
-
John Fearing Physician
-
Dibble II Joseph F MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.57M
Blend (final)
Blend
$7.45M
Owner & transaction history
Flaghip Va Hickory LLC · 6 yrs held
Flaghip Va Hickory LLC
since 2020
Last sale
$7.5M
3 recorded transactions
Zoning & alternative use
IND · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+20.7%
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
$8,635,000
ML approach
$8,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,905,000
Current use
RESTAURANT
$5,920,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$7.45M
Range $6.71M – $8.20M · ±10% · vs last sale $7.51M (Jun 2 2020)
Last sale anchor
$7.51M
Jun 2 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
$288 / 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
$46,601
Tax year 2023
Assessed value
$5,460,000
Assessed 2023
Previous assessed
$5,460,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$508,700
Assessed improvement
$4,951,300
Land market value
$508,700
Improvement market value
$4,951,300
Total market value
$5,460,000
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
25,824 SF
Lot
4.64 ac (202,118 SF)
Zoning code
IND
APN
3722-09-16-5985
UPID
US53-1288311
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
$4.9M
RESTAURANT
Est. value
$5.9M
MEDICAL BUILDING Current
RESTAURANT
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
4.64 ac
Current owner
From public records · entity-resolved
Flaghip Va Hickory LLC
Entity
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2020
$7,505,000
Flaghip Va Hickory LLC
D & H Real Estates LLC
Special Warranty Deed
$4,503,000 · First Horizon Bank
May 7, 2018
—
D & H Real Estate LLC
—
Grant Deed
related
$5,100,000 · Wfb NA
Mar 31, 2009
$650,000
D & H Real Estate LLC
Shuford Dev INC
Grant Deed
$3,505,000 · Rbc Bank (usa)
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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