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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Medical Office Space
255 18th SE St Hickory, NC 28602-1364
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-1546962
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD
Total area
8,517 SF
Lot
0.78 ac (33,977 SF)
Zoning code
OI
APN
3712-07-58-0586
UPID
US53-1546962
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
-
Rhonda Robinson Physician
-
Crossroads Counseling Center Inc Family Counselor Counselor
-
Jennifer S. Cappelletty, PHD Physician Medical Clinic
-
Travis Glass Counselor Psychologist
-
Carmon Mcgee Foster Care Service 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
$840k
Owner & transaction history
Hky LLC · 9 yrs held
Hky LLC
since 2017
2 recorded transactions
Zoning & alternative use
OI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$99 / 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
$11,078
Tax year 2023
Assessed value
$1,297,900
Assessed 2023
Previous assessed
$1,297,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$142,700
Assessed improvement
$1,155,200
Land market value
$142,700
Improvement market value
$1,155,200
Total market value
$1,297,900
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
1985
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
1
Total area
8,517 SF
Lot
0.78 ac (33,977 SF)
Zoning code
OI
APN
3712-07-58-0586
UPID
US53-1546962
Jurisdiction
CATAWBA
Zoning & alternative use
OI · Hickory, NC
Zoning OI · permitted uses
OI · 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.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Hky LLC
Entity
Mailing address
113 23RD AVE NE, HICKORY, NC 28601-1419
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2017
$500,000
Hky LLC
Cta Enterprises LLC
Warranty Deed
$400,000 · Capital Bank Corporation
Jan 30, 2004
—
Cta Enterprises LLC
D & G Associates
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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