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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Retail space
3000 Ctr St Hickory, NC 28601-1161
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0874715
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
6,500 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CC-1
APN
3704-16-93-1956
UPID
US53-0874715
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
-
Pet Supermarket (Bike/Boat/Book/etc) Store Pet Store & Service
-
Petco (Bike/Boat/Book/etc) Store Pet Store
-
Successful Lives Office for Car Donations Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.38M
Owner & transaction history
Majec Investments LLC · 5 yrs held
Majec Investments LLC
since 2021
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
CC-1 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+94.6%
Medical building
$1.2M
+61.2%
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
$1,380,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,015,000
Alternative Use
Use
Estimation
RESTAURANT
$1,490,000
Change: +95% · Conversion: Easy
MEDICAL BUILDING
$1,235,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.63M (Jul 7 2021)
Last sale anchor
$1.63M
Jul 7 2021
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
$212 / 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
$9,488
Tax year 2023
Assessed value
$764,000
Assessed 2023
Previous assessed
$1,111,600
-31.3% YoY
Effective rate
1.24%
On assessed value
Assessed land
$405,700
Assessed improvement
$358,300
Land market value
$405,700
Improvement market value
$358,300
Total market value
$764,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,500 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CC-1
APN
3704-16-93-1956
UPID
US53-0874715
Jurisdiction
CATAWBA
Zoning & alternative use
CC-1 · Hickory, NC
Zoning CC-1 · permitted uses
CC-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
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
MEDICAL BUILDING
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
1997
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Majec Investments LLC
Entity
Mailing address
PO BOX 125, LINCOLN PARK, NJ 07035-0125
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
$1,630,000
Majec Investments LLC
Cash Henry LLC
Special Warranty Deed
—
Apr 29, 2019
$1,540,000
Cash Henry LLC
Goldsboro-southstar Hldgs LLC
Grant Deed
$1,155,000 · Home Tr
Aug 11, 2017
—
Goldsboro Southstar Holdings LLC
—
Deed
related
$1,730,000 · Hometrust Bank
Apr 15, 2015
$898,000
Goldsboro Southstar Holdings LLC
Bar Code South
Warranty Deed
$531,000 · Hometrust Bank NA
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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