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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Warehouses
3952 Main NW Ave, Hickory, NC 28601
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3048249
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
WOOD FRAME
Total area
44,400 SF
Lot
2.09 ac (91,040 SF)
Zoning code
ECONOMIC DEVELOPMENT
APN
35965
UPID
US53-3048249
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
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.26M
Owner & transaction history
Blevins Hickory LLC · 4 yrs held
Blevins Hickory LLC
since 2022
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
ECONOMIC DEVELOPMENT · 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
$1,090,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,550,000
Current use
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.15M (Apr 26 2022)
Last sale anchor
$1.15M
Apr 26 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
$28 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,747
Tax year 2024
Assessed value
$1,118,807
Assessed 2024
Previous assessed
$1,118,807
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$31,350
Assessed improvement
$1,087,457
Land market value
$31,350
Improvement market value
$1,087,457
Total market value
$1,118,807
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
44,400 SF
Lot
2.09 ac (91,040 SF)
Zoning code
ECONOMIC DEVELOPMENT
APN
35965
UPID
US53-3048249
Jurisdiction
BURKE
Zoning & alternative use
ECONOMIC DEVELOPMENT · Hickory, NC
Zoning ECONOMIC DEVELOPMENT · permitted uses
ECONOMIC DEVELOPMENT · 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
WAREHOUSE, STORAGE Current
Est. value
$1.6M
WAREHOUSE, STORAGE Current
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
1980
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Blevins Hickory LLC
Entity
Mailing address
421 HART LN, NASHVILLE, TN 37216-2026
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
$1,850,000
Blevins Hickory LLC
Wpg Hickory Properties LLC
Warranty Deed
$1,525,000 · Pinncacle Bank
Jun 9, 2020
—
Wpg Hickory Properties LLC
Wpg Fasteners INC
Quit Claim Deed
related
—
May 23, 2017
—
Wilson Road Associates LLC
Keener Sarah E Trust
Warranty Deed
—
Jan 11, 2010
—
Wilson Road Associates LLC
Keener,staley C & Kathy R
Warranty Deed
related
—
Dec 28, 2009
—
Wilson Road Associates LLC
Keener,staley C
Grant Deed
related
—
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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