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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office buildings
361 2nd NW St Hickory, NC 28601-4976
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0726504
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
7,872 SF
Lot
0.68 ac (29,621 SF)
Zoning code
OI
APN
3703-19-51-6467
UPID
US53-0726504
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
-
Sumlin Group Financial Advisor
-
Catawba Valley Association of REALTORS Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$750k
Owner & transaction history
Catawba Valley Assn Of Realtors INC · 3 yrs held
Catawba Valley Assn Of Realtors INC
since 2023
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
OI · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$935,000
+2.7%
Retail stores
$925,000
+1.9%
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
$880,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$910,000
Current use
AUTO REPAIR, GARAGE
$935,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$925,000
Change: +2% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$835,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$775,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Apr 27 2023)
Last sale anchor
$750k
Apr 27 2023
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
$95 / 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
$4,119
Tax year 2023
Assessed value
$482,600
Assessed 2023
Previous assessed
$482,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$133,300
Assessed improvement
$349,300
Land market value
$133,300
Improvement market value
$349,300
Total market value
$482,600
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
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
1
Total area
7,872 SF
Lot
0.68 ac (29,621 SF)
Zoning code
OI
APN
3703-19-51-6467
UPID
US53-0726504
Jurisdiction
CATAWBA
Zoning & alternative use
OI · Hickory, NC
Zoning OI · permitted uses
OI · 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
OFFICE BUILDING Current
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$935,000
RETAIL STORES
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$775,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1985
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Catawba Valley Assn Of Realtors INC
Entity
Free & Clear · 3 yrs held
Mailing address
361 2ND ST NW, HICKORY, NC 28601-4976
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
$750,000
Catawba Valley Assn Of Realtors INC
Wike Road Properties LLC
Warranty Deed
—
Dec 4, 2020
$600,000
Wike Road Properties LLC
Catawba Vly Assn Of Realtors INC
Warranty Deed
$510,000 · First Citizens Bk
Dec 30, 2010
$543,000
Catawba Valley Assn Of Realtors I
Branch Bkng & Trust Co
Grant Deed
—
Sep 21, 2010
—
Branch Bkng & Trust Co
Joullian Land LLC
Deed In Lieu Of Foreclosure
—
Jul 7, 2004
—
Joullian Land LLC
Columbia Hill Land Co LLC
Warranty Deed
related
—
—
—
Joullian Land LLC
—
Deed Of Trust
related
$17,500,000 · Branch Banking & Trust Co
—
—
Joullian Land LLC
—
Deed Of Trust
related
$1,350,000 · Bank Of Granite
—
—
Joullian Land LLC
—
Deed Of Trust
related
$6,000,000 · Branch Banking & Trust Co
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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