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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Garden apartment buildings
3443 Section House Rd 1 Hickory, NC 28601-9307
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2124077
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1982
Construction
WOOD
Total area
4,640 SF
Lot
2.01 ac (87,556 SF)
Zoning code
R-20
APN
3732-10-37-6305
UPID
US53-2124077
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
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.12M
Owner & transaction history
Gbpm Section House LLC · 3 yrs held
Gbpm Section House LLC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
R-20 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$880,000
+78.7%
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
$1,115,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$880,000
Change: +79% · Conversion: Moderate
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10% · vs last sale $1.18M (Sep 14 2022)
Last sale anchor
$1.18M
Sep 14 2022
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
$241 / 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
$5,640
Tax year 2023
Assessed value
$1,122,400
Assessed 2023
Previous assessed
$1,122,400
+0.0% YoY
Effective rate
0.50%
On assessed value
Assessed land
$41,100
Assessed improvement
$1,081,300
Land market value
$41,100
Improvement market value
$1,081,300
Total market value
$1,122,400
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Units
5
Total area
4,640 SF
Lot
2.01 ac (87,556 SF)
Zoning code
R-20
APN
3732-10-37-6305
UPID
US53-2124077
Jurisdiction
CATAWBA
Zoning & alternative use
R-20 · Hickory, NC
Zoning R-20 · permitted uses
R-20 · 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
MEDICAL BUILDING
Est. value
$880,000
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
1982
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Buildings
2
Units
5
Lot
2.01 ac
Current owner
From public records · entity-resolved
Gbpm Section House LLC
Entity
Mailing address
6905 W ACCO ST STE A, MONTEBELLO, CA 90640-5448
Ownership since
2022
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
Sep 14, 2022
$1,175,000
Gbpm Section House LLC
Go Real Estate Holdings LLC
Warranty Deed
$881,250 · Truliant FCU
Nov 9, 2018
$775,000
Go Real Estaet Holdings LLC
Rjs Properties LLC
Warranty Deed
$607,500 · First National Bank Of Pennsylvania
May 18, 2015
$450,000
Rjs Properties LLC
Smith Linda C
Warranty Deed
—
May 18, 2015
—
Rjs Properties LLC
Smith Linda C
Quit Claim Deed
related
$337,500 · Ans Financial LLC
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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