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Property profile & analytics
OFF-MARKET
Golf courses & driving ranges
430 17th NW Ave Hickory, NC 28601-1819
Individually Owned
12-yr Hold
Free & Clear
Property ID
US53-1449412
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1969
Construction
WOOD FRAME
Total area
39,939 SF
Lot
69.46 ac (3,025,678 SF)
Zoning code
R-2
APN
3703-06-49-2955
UPID
US53-1449412
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
-
Lake Hickory Country Club Town Course Bar & Pub Golf Course
-
Lake Hickory Country Club Association Or Organization
-
Professional Construction Estimators Association of America, Inc. Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard E Setzer · 12 yrs held
Richard E Setzer
since 2013
7 recorded transactions
Zoning & alternative use
R-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-2 zoning district is composed of predominantly single family detached development. It allows a maximum density of 4 dwelling units per acre. Public infrastructure is required to serve this type of development.
Zone name
Medium Density Residential 2
General category
RESIDENTIAL
Zone area
6,620.77 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$29,109
Tax year 2023
Assessed value
$3,410,500
Assessed 2023
Previous assessed
$4,722,700
-27.8% YoY
Effective rate
0.85%
On assessed value
Land market value
$590,600
Improvement market value
$4,132,100
Total market value
$4,722,700
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
CENTRAL
Buildings
5
Units
1
Total area
39,939 SF
Lot
69.46 ac (3,025,678 SF)
Zoning code
R-2
APN
3703-06-49-2955
UPID
US53-1449412
Jurisdiction
CATAWBA
Zoning & alternative use
R-2 · Hickory, NCZoning R-2 · permitted uses
R-2 · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-2 zoning district is composed of predominantly single family detached development. It allows a maximum density of 4 dwelling units per acre. Public infrastructure is required to serve this type of development.
Zone name
Medium Density Residential 2
General category
RESIDENTIAL
Zone area
6,620.77 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Buildings
5
Units
1
Lot
69.46 ac
Current owner
From public records · entity-resolved
Richard E Setzer
Individual
Free & Clear · 12 yrs held
Mailing address
PO BOX 1476, HICKORY, NC 28603-1476
Ownership since
2013
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
Apr 15, 2026
—
Lake Hickory Country Club INC
—
Deed
related
$1,500,000 · First Citizens Bank And Trust Company
Jul 24, 2019
—
Lake Hickory Country Club INC
—
Deed
related
$200,000 · First Citizens Bank & Trust Co
Dec 30, 2016
—
Lake Hickory Country Ckub In C
—
Deed
related
$975,000 · First Citizens Bank & Trust Co
Feb 28, 2014
—
Blair,christopher T & Beth F
—
Trustees Deed
related
$536,468 · Td Bk NA
Aug 12, 2013
$6,000
Richard E Setzer
Lake Hickory Country Club INC
Warranty Deed
—
Aug 12, 2013
$75,000
Christopher T Blair
Setzer,richard E & Diane E
Warranty Deed
—
—
—
Christopher Blair
—
Deed Of Trust
related
$48,784 · Td Bk NA
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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