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Property profile & analytics
OFF-MARKET
Estimated value
$2,545,000
Medical Office Space
50 13th NE Ave Hickory, NC 28601-3764
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-0807917
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Total area
20,639 SF
Lot
2.42 ac (105,415 SF)
Zoning code
NC
APN
3703-11-65-7769
UPID
US53-0807917
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
-
Pain clinic Hospital
-
Dr. Joseph E. Fewell Jr, MD Physician Medical Clinic
-
Dr. George R. Jennings, MD Physician Medical Clinic
-
Viewmont Surgery Center Home Medical Clinic Hospital
-
Hickory Internal Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.42M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$2.55M
Owner & transaction history
900 Springfield Commons LLC · 12 yrs held
900 Springfield Commons LLC
since 2014
4 recorded transactions
Zoning & alternative use
NC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,700,000
6.5%
$3,415,000
7%
$3,175,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,920,000
Current use
Blend value · Realmo final
$2.55M
Range $2.29M – $2.80M · ±10%
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
$123 / 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
$33,747
Tax year 2023
Assessed value
$3,953,900
Assessed 2023
Previous assessed
$3,953,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$421,700
Assessed improvement
$3,532,200
Land market value
$421,700
Improvement market value
$3,532,200
Total market value
$3,953,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1978
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
20,639 SF
Lot
2.42 ac (105,415 SF)
Zoning code
NC
APN
3703-11-65-7769
UPID
US53-0807917
Jurisdiction
CATAWBA
Zoning & alternative use
NC · Hickory, NC
Zoning NC · permitted uses
NC · 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
MEDICAL BUILDING Current
Est. value
$3.9M
MEDICAL BUILDING 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
1978
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
900 Springfield Commons LLC
Entity
Free & Clear · 12 yrs held
Mailing address
101 S KINGS DR STE #200, CHARLOTTE, NC 28204-2797
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Springfield Commons LLC
—
Deed
related
$3,330,000 · Firstbank
May 16, 2014
$1,850,000
900 Springfield Commons LLC
First Citizens Bk & Trust Co
Grant Deed
—
May 16, 2014
—
900 Springfield Commons LLC
First Citizens Bank & Trust Company
Quit Claim Deed
related
$1,497,500 · Asheville Savings Bank Ssb
Sep 1, 2011
$1,701,900
First Citizens Bk & Trust Co
Waslaw LLC
Trustees 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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