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Property profile & analytics
OFF-MARKET
Estimated value
$8,330,000
Warehouses
331 Us Hwy 70th SW 101, Hickory, NC 28602-5018
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2120168
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
146,932 SF
Lot
27.08 ac (1,179,605 SF)
Zoning code
C-3
APN
3702-14-44-3045
UPID
US53-2120168
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.64M
Blend (final)
Blend
$8.33M
Owner & transaction history
City Of Hickory · 5 yrs held
City Of Hickory
since 2020
6 recorded transactions
Zoning & alternative use
C-3 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.8M
+124.1%
Commercial (general)
$11.7M
+104.7%
Retail stores
$11.7M
+104.7%
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
WAREHOUSE, STORAGE
$5,700,000
Current use
OFFICE BUILDING
$12,770,000
Change: +124% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,670,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$11,665,000
Change: +105% · Conversion: Moderate
Blend value · Realmo final
$8.33M
Range $7.50M – $9.16M · ±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
$57 / 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
$138,683
Tax year 2023
Assessed value
$16,375,400
Assessed 2023
Previous assessed
$16,375,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,946,200
Assessed improvement
$14,429,200
Land market value
$1,946,200
Improvement market value
$14,429,200
Total market value
$16,375,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1495
Total area
146,932 SF
Lot
27.08 ac (1,179,605 SF)
Zoning code
C-3
APN
3702-14-44-3045
UPID
US53-2120168
Jurisdiction
CATAWBA
Zoning & alternative use
C-3 · Hickory, NC
Zoning C-3 · permitted uses
C-3 · 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
WAREHOUSE, STORAGE Current
Est. value
$5.7M
OFFICE BUILDING
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$11.7M
RETAIL STORES
Est. value
$11.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1968
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1495
Lot
27.08 ac
Current owner
From public records · entity-resolved
City Of Hickory
Entity
Free & Clear · 5 yrs held
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Oct 26, 2020
—
City Of Hickory
City Of Hickory
Quit Claim Deed
related
—
Nov 2, 2018
—
Arec 31 LLC
Amerco Real Estate Co
Grant Deed
—
Jun 17, 2014
$3,680,000
Amerco Real Estate Co
Ikerd,w Steve & Betty M B
Warranty Deed
—
Oct 6, 2010
—
W Steve Ikerd
—
Deed Of Trust
related
$1,500,000 · Peoples Bank & Trust
Mar 19, 2009
—
Walter S Ikerd
Owner Name Unavailable
Grant Deed
related
—
Oct 3, 2008
—
W Steve Ikerd
Ikerd,w Steve
Quit Claim Deed
related
—
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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