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Property profile & analytics
OFF-MARKET Estimated value $845,000
Residential income homes

2910 Ctr St Hickory, NC 28601-1159

7,053 SF 0.92 ac lot Built 2017
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US53-1461415
Property summary
AI-generated overview

This exceptional 7,000 square foot, multi-tenant retail storefront in Hickory, NC, presents a compelling investment opportunity. Located at the signalized intersection of North Center Street and 29th Avenue Northeast, this property boasts high visibility with 42,901 vehicles passing daily. It's an outparcel to a Lowe's Foods-anchored shopping center, surrounded by national retailers like Publix, Walgreens, and Lowe's, ensuring consistent traffic. The center is 100% leased to four tenants, including Sport Clips, generating a strong net operating income (NOI) of $222,300 and a 6.85% cap rate. Built in 2018, this single-building property sits on a 0.92-acre lot. The property benefits from a strong demographic profile, with an average annual household income of $95,108 within one mile and 71,143 residents within five miles. Its proximity to major employers, tourist attractions (including Lake Hickory and South Mountains State Park), and residential communities like Hawks Landing Luxury Apartments further enhances its value. This 1031 exchange-eligible property offers a stable, high-performing investment with significant growth potential. The property is offered at $3,246,000.

Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 2017
Construction WOOD
Total area 7,053 SF
Lot 0.92 ac (40,075 SF)
Zoning code CC-1
APN 3704-16-83-9361
UPID US53-1461415
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
  • Tailored Smoke Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$980k
Comparable Approach Comparable
$539k
Blend (final) Blend
$845k
Owner & transaction history
Sunset Southstar LLC · 8 yrs held
Sunset Southstar LLC
since 2017
4 recorded transactions
2017
Price N/A
2017
Price N/A
2017
Price N/A
2015
$729,500
Zoning & alternative use
CC-1 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.3M +78.7%
Auto repair, garage $835,000 +11.7%
Retail stores $830,000 +10.9%
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