New search
Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Warehouses
251 9th St SE Ln, Hickory, NC 28602-1243
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2005511
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
METAL FRAME
Total area
23,160 SF
Lot
5.43 ac (236,531 SF)
Zoning code
IND
APN
3712-05-29-4514
UPID
US53-2005511
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
-
East Coast Tires, Wheels, & Equipment Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$800k
Owner & transaction history
Sbt Real Estate Holdings LLC · 2 yrs held
Sbt Real Estate Holdings LLC
since 2024
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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$900,000
Current use
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$35 / 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
$6,627
Tax year 2023
Assessed value
$776,400
Assessed 2023
Previous assessed
$776,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$187,300
Assessed improvement
$589,100
Land market value
$187,300
Improvement market value
$589,100
Total market value
$776,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Construction
METAL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
23,160 SF
Lot
5.43 ac (236,531 SF)
Zoning code
IND
APN
3712-05-29-4514
UPID
US53-2005511
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
WAREHOUSE, STORAGE Current
Est. value
$900,000
WAREHOUSE, STORAGE 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
1968
Construction
METAL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
5.43 ac
Current owner
From public records · entity-resolved
Sbt Real Estate Holdings LLC
Entity
Mailing address
PO BOX 2111, ASHEBORO, NC 27204-2111
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
Sbt Real Estate Holdings LLC
White Wholesale Tire Company INC
Deed
$850,000 · Piedmont Fsb
Mar 1, 2024
$1,000,000
Sbt Real Estate Holdings LLC
White Wholesale Tire Company INC
Warranty Deed
$850,000 · Piedmont Fsb
Sep 5, 2018
—
White Wholesale Tire Company INC
—
Deed
related
$400,000 · Peoples Bank
Aug 5, 2014
$450,000
White Wholesale Tire Company INC
Darryl L White
Warranty Deed
$350,000 · First Citizens Bank & Trust Co
Dec 30, 2013
—
Darryl L White
White,darryl L & Heather E
Quit Claim Deed
related
—
Nov 2, 2009
—
Darryl L White
Owner Name Unavailable
Grant Deed
related
—
Oct 22, 2009
—
Darryl L White
White,heather E
Quit Claim Deed
related
—
Jun 27, 2006
$450,000
Darryl L White
Best Properties
Warranty Deed
$450,000 · Capital Bank
May 5, 2006
$859,000
David R Klassett
Best Properties
Grant Deed
—
—
—
Darryl L White
—
Deed Of Trust
related
$450,000 · Capital Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 251 9th St SE Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
