Realmo Analytics

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Financial
Distress signals
Property profile

27 1St Ave NE Hickory, NC 28601

FOR LEASE
Office buildings
Property ID
US53-0993038
17,358 SF 0.38 ac lot Built 1974
Last sale Mar 2019 · $725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$1.00M
Assessed land$83k
Assessed improvement$921k
Effective rate0.85%

Value estimate

· Oct 2026
$1.69M
$1.52M – $1.86M
Submarket $/SF estimate$1.46M
NOI build-up
Gross scheduled income$10k
Vacancy & credit loss−$2k
Operating expenses−$2k
NOI · 877.79% cap applied$6k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$116/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$57 – $166

Cap rate analysis

How does the asset earn?
877.79%
$6k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1
The C-1 is intended to preserve and enhance downtown Hickorys role as a commercial, financial, cultural and governmental center. In recog...
General categoryCIVIC_INSTITUTIONAL
JurisdictionCATAWBA

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand index
Convenience Store10.5
Storage Facility10.2
Smoke and Vape Shop10.2

Location

27 1St Ave NE Hickory, NC 28601
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1811 Highland NE, Hickory, NC 28601-4352 $300,000 Mar 2025 17,400 SF
400 2nd NW, Hickory, NC 28601-4993 $1,800,000 Nov 2024 23,532 SF
520 8th NE, Hickory, NC 28601-5118 $155,000 Oct 2024 21,708 SF
1978 8th NW, Hickory, NC 28601-3312 $1,700,000 Sep 2024 22,500 SF
110 Ctr, Hickory, NC 28601-6294 $1,050,000 May 2022 15,444 SF
352 2nd NW, Hickory, NC 28601-4960 $775,000 Jan 2021 15,050 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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