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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
375 Main NE Ave, Hickory, NC 28601-5121
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1770266
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
WOOD
Total area
10,500 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C-2
APN
3703-20-80-6421
UPID
US53-1770266
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
-
Laura Bowman-Messick - Realtor - Berkshire Hathaway HomeServices Landmark Properties Corporate Office Business Park
-
Hub and Spokes e-Bike Rentals Cycling Facility (Bike/Boat/Book/etc) Store
-
Steele's Construction Construction Company
-
super taco Restaurant
-
Jill Adair, Independent Mary Kay Sales director Cosmetic Store Beauty School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$478k
Blend (final)
Blend
$520k
Owner & transaction history
First Class Enterprises Nc LLC · 2 yrs held
First Class Enterprises Nc LLC
since 2024
Last sale
$518,500
7 recorded transactions
Zoning & alternative use
C-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $519k (Jan 2 2024)
Last sale anchor
$519k
Jan 2 2024
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
$50 / 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
$3,952
Tax year 2023
Assessed value
$463,000
Assessed 2023
Previous assessed
$463,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$83,600
Assessed improvement
$379,400
Land market value
$83,600
Improvement market value
$379,400
Total market value
$463,000
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
1947
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
10,500 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C-2
APN
3703-20-80-6421
UPID
US53-1770266
Jurisdiction
CATAWBA
Zoning & alternative use
C-2 · Hickory, NC
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
1947
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
First Class Enterprises Nc LLC
Entity
Mailing address
PO BOX 55, HICKORY, NC 28603-0055
Ownership since
2024
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
Jan 2, 2024
$518,500
First Class Enterprises Nc LLC
Showroom Curators LLC
Warranty Deed
—
Dec 7, 2023
$515,000
Showroom Curators LLC
Hometown Holdings LLC
Warranty Deed
$518,010 · First Class Enterprises Nc LLC
Mar 28, 2022
—
Hometown Holdings LLC
—
Deed
related
$215,000 · Skyline National Bank
May 4, 2006
—
Hometown Holding LLC
Dennis,james Steven
Grant Deed
$390,000 · Bank Of Granite
—
—
Hometown Holdings LLC
—
Deed Of Trust
related
$425,000 · Mountain First Bank & Trust
—
—
Hometown Holdings LLC
—
Deed Of Trust
related
$85,000 · Bank Of Granite
—
—
Hometown Holdings LLC
—
Deed Of Trust
related
$200,000 · Gaines Forest M
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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