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Property profile & analytics
OFF-MARKET
Estimated value
$4,040,000
Garden apartment buildings
420 10th Ave NE Dr Hickory, NC 28601-2675
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0572727
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
27,948 SF
Lot
3.16 ac (137,650 SF)
Zoning code
OI
APN
3703-16-84-7239
UPID
US53-0572727
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
-
Sharlton Manor Apartments Apartment Complex
-
Viewmont Pointe Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.85M
CAP Approach
CAP
$3.61M
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$4.04M
Owner & transaction history
Da Capo LLC · 4 yrs held
Da Capo LLC
since 2022
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
OI · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+115.7%
Medical building
$5.3M
+78.7%
Auto repair, garage
$3.3M
+11.7%
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
$4,100,000
ML approach
$3,850,000
CAP Approach
CAP Return
Estimation
6%
$3,910,000
6.5%
$3,610,000
7%
$3,350,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,970,000
Current use
RESTAURANT
$6,405,000
Change: +116% · Conversion: Difficult
MEDICAL BUILDING
$5,310,000
Change: +79% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,320,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$3,290,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$3,230,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,755,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$4.04M
Range $3.64M – $4.44M · ±10% · vs last sale $4.33M (May 19 2022)
Last sale anchor
$4.33M
May 19 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
$145 / 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
$38,538
Tax year 2023
Assessed value
$4,515,300
Assessed 2023
Previous assessed
$4,515,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$288,600
Assessed improvement
$4,226,700
Land market value
$288,600
Improvement market value
$4,226,700
Total market value
$4,515,300
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Buildings
4
Units
24
Total area
27,948 SF
Lot
3.16 ac (137,650 SF)
Zoning code
OI
APN
3703-16-84-7239
UPID
US53-0572727
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
RESTAURANT
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1974
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Buildings
4
Units
24
Lot
3.16 ac
Current owner
From public records · entity-resolved
Da Capo LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1001 MOREHEAD SQ DR STE #450, CHARLOTTE, NC 28203-4373
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
—
Da Capo LLC
—
Deed
related
$675,258 · Townebank
May 19, 2022
$4,325,000
Da Capo LLC
Sharlton Manor Owner LLC
Special Warranty Deed
—
Jun 17, 2019
$2,037,000
Sharlton Manor Owner LLC
Jvt LLC
Grant Deed
$1,900,000 · Miscellaneous Ins 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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