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    Property profile & analytics

    380 9th Ave NE Dr, Unit 101 Hickory, NC 28601-3821

    • High-rise multifamily apartments
    • 13,464 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $3,730,000
    Last Sale
    Jul 13, 2022
    $3,950,000
    Location Intelligence
    Property ID
    US53-0564008
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Abbey Apartments / Apartment Building
    • Sherill's Crossing LLC / Apartment Building

    Property Details for 380 9th Ave NE Dr

    Year built
    1982
    Lot size
    1.15 lot acres
    Property size
    13,464 SF
    Zone code
    OI
    Property type
    High-rise multifamily apartments
    APN
    3703-16-84-4415
    APU
    370316844415

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,745,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,160,000
      6.5%
      $3,610,000
      7%
      $3,910,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,000,000
      Geo Method
      $4,005,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,920,000
      Retail
      $4,080,000
      Mixed-Use
      $3,135,000
      Hospitality
      $4,270,000
      Educational
      $3,820,000
      Residential Income
      $3,485,000
      Energy
      $3,970,000
      Income-Based Land
      $4,075,000
      Food Service
      $3,650,000

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3309
    Latitude
    35.7457
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,099
    $210,400
    $2,730,300
    $2,940,700
    -
    $210,400
    $2,730,300
    $2,940,700

    Comparable in this City

    • Value Estimation by Request
      104,270 SF

      1 1st N Ctr St

      HIGH-RISE APARTMENTS • 104,270 SF
      1 1st N Ctr St, Hickory, NC 28601
      View Details
    • Value Estimation by Request
      17,175 SF

      4000 Ctr St

      GARDEN APT, COURT APT (5+ UNITS) • 17,175 SF
      4000 Ctr St, Hickory, NC 28601-8011
      View Details
    • Value Estimation
      $990,000
      9,632 SF

      41 22nd NE Ave

      GARDEN APT, COURT APT (5+ UNITS) • 9,632 SF
      41 22nd NE Ave, Hickory, NC 28601-1456
      View Details
    • Value Estimation by Request
      8,960 SF

      1260 5th NE St

      GARDEN APT, COURT APT (5+ UNITS) • 8,960 SF
      1260 5th NE St, Hickory, NC 28601-2662
      View Details
    • Value Estimation
      $270,000
      5,492 SF

      1420 14th St NE Dr

      GARDEN APT, COURT APT (5+ UNITS) • 5,492 SF
      1420 14th St NE Dr, Hickory, NC 28601-2758
      View Details
    • Value Estimation by Request
      9,144 SF

      1923 16th NE St

      GARDEN APT, COURT APT (5+ UNITS) • 9,144 SF
      1923 16th NE St, Hickory, NC 28601-2482
      View Details

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    Similar Nearby for Lease

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      9,354 SF

      Prime Hickory Office Space

      Downtown Hickory office suites, 7 available.
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      Retail or restaurant site available in Hickory's premier shopping center.
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    • Contact for pricing

      Hickory Land For Ground Lease

      2 acres available for ground lease on heavily travelled corridor.
      Hickory, NC 28601
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    • $19 SF/Yr
      19,832 SF

      Two-Floor Office Space Available

      Two full floors available for immediate lease in Hickory.
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      View Details
    • $1,050 /Mo
      5,227 SF

      Hickory Office Space For Rent

      Office spaces with high visibility and flexible layouts available for rent.
      75 Rink Dam Rd, Hickory, NC 28601
      View Details
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    Hickory, NC 28601-3821
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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