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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Medical Office Space
261 18th St SE Cir Hickory, NC 28602-1362
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0858998
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
WOOD
Total area
4,640 SF
Lot
0.95 ac (41,382 SF)
Zoning code
OI
APN
3712-06-48-9344
UPID
US53-0858998
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
-
Legacy Oral & Facial Surgery Dental Office
-
Bryan Neuwirth Dental Office
-
Christopher Heath Brown Dental Office
-
Christopher Brown Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.18M
Owner & transaction history
Barclo LLC · 3 yrs held
Barclo LLC
since 2022
Last sale
$2.3M
7 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
Method
Estimation
Statistic approach
$2,150,000
ML approach
$2,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10% · vs last sale $2.27M (Oct 13 2022)
Last sale anchor
$2.27M
Oct 13 2022
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
$469 / 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
$8,891
Tax year 2023
Assessed value
$1,041,700
Assessed 2023
Previous assessed
$1,041,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$173,800
Assessed improvement
$867,900
Land market value
$173,800
Improvement market value
$867,900
Total market value
$1,041,700
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
1993
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
1
Total area
4,640 SF
Lot
0.95 ac (41,382 SF)
Zoning code
OI
APN
3712-06-48-9344
UPID
US53-0858998
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
1993
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Barclo LLC
Entity
Mailing address
4444 CARLISLE PIKE, CAMP HILL, PA 17011-4102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2022
$2,267,000
Barclo LLC
Brownhickoryoffice LLC
Special Warranty Deed
$1,092,000 · Univest Bank & Trust Co
May 27, 2021
—
Brownhickoryoffice LLC
Christopher H Brown
Intrafamily Transfer
related
—
Mar 18, 2020
—
Christopher H Brown
—
Deed
related
$350,000 · First Citizens Bank & Trust Co
Oct 16, 2018
—
Christopher H Brown
—
Deed
related
$250,000 · First Citizens Bank & Trust Co
Sep 12, 2017
—
Christopher H Brown
—
Deed
related
$640,000 · First Citizens Bank & Trust Co
—
—
Christopher H Brown
—
Deed Of Trust
related
$1,270,000 · Suntrust Bank NA
—
—
Christopher H Brown
—
Deed Of Trust
related
$700,000 · Communityone Bank
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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