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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Auto shops
2614 Spgs NE Rd Hickory, NC 28601-3170
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2119695
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2017
Construction
METAL FRAME
Total area
24,600 SF
Lot
2.48 ac (108,029 SF)
Zoning code
CC-2
APN
3723-10-36-5960
UPID
US53-2119695
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.98M
Owner & transaction history
Accel Discount Tire Of Springs Rd I · 8 yrs held
Accel Discount Tire Of Springs Rd I
since 2017
2 recorded transactions
Zoning & alternative use
CC-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Commercial Corridor (CC-2) district is intended to implement the Commercial Corridor policies of the Hickory by Choice 2030 Comprehensive Plan. Generally, properties having frontage and located along NC 127 and Springs Road will be designated CC-2. Commercial development in this district is intended to be automobile focused, while providing adequate pede…
Zone name
Commercial Corridor
General category
COMMERCIAL
Zone area
231.80 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,920,000
Current use
RETAIL STORES
$2,900,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$2,845,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,615,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,425,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±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
$80 / 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
$13,504
Tax year 2023
Assessed value
$1,582,200
Assessed 2023
Previous assessed
$1,582,200
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$362,000
Assessed improvement
$1,220,200
Land market value
$362,000
Improvement market value
$1,220,200
Total market value
$1,582,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2017
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Units
1
Total area
24,600 SF
Lot
2.48 ac (108,029 SF)
Zoning code
CC-2
APN
3723-10-36-5960
UPID
US53-2119695
Jurisdiction
CATAWBA
Zoning & alternative use
CC-2 · Hickory, NCZoning CC-2 · permitted uses
CC-2 · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Commercial Corridor (CC-2) district is intended to implement the Commercial Corridor policies of the Hickory by Choice 2030 Comprehensive Plan. Generally, properties having frontage and located along NC 127 and Springs Road will be designated CC-2. Commercial development in this district is intended to be automobile focused, while providing adequate pedestrian accommodation
Zone name
Commercial Corridor
General category
COMMERCIAL
Zone area
231.80 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2017
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Units
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Accel Discount Tire Of Springs Rd I
Individual
Mailing address
2614 SPGS RD NE, HICKORY, NC 28601-3170
Mailing matches property
Yes
Owner-occupied
Yes
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
Aug 17, 2017
—
Accel Discount Tire Of Springs Rd I
Eric D White
Warranty Deed
$1,262,000 · Peoples Bank
Jul 21, 2016
$180,000
Eric D White
Barnette,leslie H
Warranty Deed
$240,000 · Branch Bk&tr
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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