Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
361 10th Ave NE Dr Hickory, NC 28601-2687
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1053304
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
FRAME
Total area
6,944 SF
Lot
0.51 ac (22,216 SF)
Zoning code
OI
APN
3703-16-84-3905
UPID
US53-1053304
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
-
JB's Rolling Bistro, LLC Take-out & Catering Catering Service
-
FedEx Drop Box Postal Service Courier Service
-
Side Street Stop FTP Restaurant
-
Meet Valerie Howard Counselor
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
Joshua Walker · 4 yrs held
Joshua Walker
since 2022
Last sale
$115,000
7 recorded transactions
Zoning & alternative use
OI · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The OI district is intended to provide locations for the development of institutions of higher learning and medical hospitals within Public or Institutional areas, as identified with the Hickory by Choice Comprehensive Plan. The OI district is also intended to provide for transitional land uses between residential and commercial uses. OI districts providing…
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
985.53 ac
Source
Realmo
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
$1,021
Tax year 2023
Assessed value
$119,600
Assessed 2023
Previous assessed
$119,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$111,100
Assessed improvement
$8,500
Land market value
$111,100
Improvement market value
$8,500
Total market value
$119,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
1
Total area
6,944 SF
Lot
0.51 ac (22,216 SF)
Zoning code
OI
APN
3703-16-84-3905
UPID
US53-1053304
Jurisdiction
CATAWBA
Zoning & alternative use
OI · Hickory, NCZoning OI · permitted uses
OI · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The OI district is intended to provide locations for the development of institutions of higher learning and medical hospitals within Public or Institutional areas, as identified with the Hickory by Choice Comprehensive Plan. The OI district is also intended to provide for transitional land uses between residential and commercial uses. OI districts providing transitional areas are generally characterized as smaller sites allowing for small-scale offices
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
985.53 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Joshua Walker
Individual
Mailing address
4039 5TH ST NW, HICKORY, NC 28601-9025
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
$115,000
Joshua Walker
The Colonial Group Of Nc LLC
Warranty Deed
$80,500 · Peoples Bank
Feb 6, 2020
—
Itm Medical Isotopes INC
Trivium Corp Center INC
Grant Deed
related
—
Jul 9, 2019
—
Mcneely Holdings LLC
Mcneely,bruce H & Melissa W
Quit Claim Deed
related
—
Mar 13, 2018
$359,000
The Colonial Group Of Ne LLC
Eagle Real Estate Properties LLC
Warranty Deed
$332,350 · Peoples Bank
Sep 20, 2017
—
Eagle Real Estate Properties LLC
—
Deed
related
$260,000 · Woodbridge Mortgage Investment Fund 4 Ll
—
—
Real Estate Properties L Eagle
—
Deed Of Trust
related
$50,000 · First Citizens Bank & Trust Co
—
—
Eagle Real Estate Props LLC
—
Deed Of Trust
related
$121,794 · Wells Fargo Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 361 10th Ave NE Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
