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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Office buildings
27 1st NE Ave Hickory, NC 28601-6219
Entity Owned
~
Est. High Equity
Property ID
US53-0993038
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
17,358 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-1
APN
3703-19-60-5087
UPID
US53-0993038
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
-
Prodigy Voice and Data, LLC Tech Support Center IT Consulting Firm
-
Capital Financial Planning, LLC Financial Advisor
-
Home Instead Home Health Care Service Home Help
-
FedEx Drop Box Postal Service Courier Service
-
Cabri Funeral Consultants Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.69M
Owner & transaction history
Clll Investments Limited Partnershi
Clll Investments Limited Partnershi
since 2025
6 recorded transactions
Zoning & alternative use
C-1 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+2.7%
Retail stores
$2.0M
+1.9%
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
OFFICE BUILDING
$2,005,000
Current use
AUTO REPAIR, GARAGE
$2,060,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$2,045,000
Change: +2% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,845,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,710,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±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
$97 / 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
$8,567
Tax year 2023
Assessed value
$1,003,700
Assessed 2023
Previous assessed
$1,003,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$82,800
Assessed improvement
$920,900
Land market value
$82,800
Improvement market value
$920,900
Total market value
$1,003,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
NONE
Stories
2
Units
1
Total area
17,358 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-1
APN
3703-19-60-5087
UPID
US53-0993038
Jurisdiction
CATAWBA
Zoning & alternative use
C-1 · Hickory, NC
Zoning C-1 · permitted uses
C-1 · 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
OFFICE BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1974
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Clll Investments Limited Partnershi
Entity
Mailing address
6168 PLANTATION POINTE DR, GRANITE FALLS, NC 28630-8769
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Clll Investments Limited Partnershi
Cll Investments Limited Partnership
Warranty Deed
$500,000 · United Bank
Aug 20, 2020
—
Cll Investments LP LLP
—
Deed
related
$400,000 · United Bk
Mar 22, 2019
$725,000
Cll Investments Limited Partnership
Fidelity Professional Partnership
Warranty Deed
—
Mar 30, 2011
—
Fidelity Prof Ptshp LLC
Fidelity Professional Ptshp
Quit Claim Deed
—
—
—
Fidelity Prof Ptshp LLC
—
Deed Of Trust
related
$100,000 · First Citizens Bk
—
—
Cll Investments LP LLP
—
Deed Of Trust
related
$400,000 · United Bk
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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