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Property profile & analytics
OFF-MARKET
Garden apartment buildings
2778 2nd NE St Hickory, NC 28601-1469
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1240037
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Construction
FRAME
Total area
16,594 SF
Lot
7.22 ac (314,503 SF)
Zoning code
PD
APN
3704-20-92-5480
UPID
US53-1240037
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
-
Hawks Landing Luxury Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rm Hawks Landing LLC · 1 yrs held
Rm Hawks Landing LLC
since 2025
Last sale
$29.3M
7 recorded transactions
Zoning & alternative use
PD · 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
—
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
$244,331
Tax year 2023
Assessed value
$28,627,000
Assessed 2023
Previous assessed
$28,627,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$669,500
Assessed improvement
$27,957,500
Land market value
$669,500
Improvement market value
$27,957,500
Total market value
$28,627,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
HOT WATER
Cooling
CENTRAL
Buildings
3
Stories
1
Units
24
Rooms
4
Bathrooms
1
Total area
16,594 SF
Lot
7.22 ac (314,503 SF)
Zoning code
PD
APN
3704-20-92-5480
UPID
US53-1240037
Jurisdiction
CATAWBA
Zoning & alternative use
PD · Hickory, NC
Zoning PD · permitted uses
PD · 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
2018
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
3
Units
24
Rooms
4
Bathrooms
1
Lot
7.22 ac
Current owner
From public records · entity-resolved
Rm Hawks Landing LLC
Entity
Mailing address
3 ALPINE CT STE #200, SPRING VALLEY, NY 10977-5948
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2025
$27,375,000
Rm Hawks Landing LLC
Dover Sub 1 LLC
Special Warranty Deed
$18,400,000 · Berkadia Commercial Mortgage LLC
Mar 14, 2025
—
Dover Sub 1 LLC
—
Deed
related
$6,477,229 · Eliezer Meisels
Jun 21, 2022
$29,300,000
Hawks Landing Owner LLC
Hawks Landing Luxury Apartments LLC
Special Warranty Deed
$19,700,000 · Regions Bank
Nov 19, 2020
$245,000
Jessica Hingson
Deanna H Bogle
Warranty Deed
—
Mar 22, 2018
—
Hawks Landing Luxury Apts LLC
—
Grant Deed
related
$5,520,000 · Peoples Bk & Tr Co/clinton
Nov 21, 2017
—
Hawks Landing Luxury Apartments LLC
Hvy Holdings LLC
Warranty Deed
$5,520,000 · Peoples Bank
Apr 4, 2006
$58,000
Richard Hensley
Brown Operating
Warranty Deed
—
Mar 13, 2006
$58,000
Richard Hensley Dmd
Brown,operating Company In
Grant Deed
—
May 11, 2005
$90,000
Richard Hensley Dmd Pa
Brown Operating Co INC
Warranty Deed
—
—
—
Brown Operating Co INC
—
Deed Of Trust
related
$350,000 · Peoples Bank & Trust
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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