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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Warehouses
542 Main SE Ave Hickory, NC 28602-1103
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0535169
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1970
Total area
53,370 SF
Lot
2.48 ac (108,029 SF)
Zoning code
C-2
APN
3702-08-89-6909
UPID
US53-0535169
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
-
Soundstorm DJ's Nightclub Music Venue
-
Moving Supplies at U-Haul Big Box & Wholesale Store
-
Self-Storage at U-Haul Storage Facility
-
U-Haul Moving & Storage of Downtown Hickory Car Rental Facility
-
Trailer Rental at U-Haul Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$3.52M
Owner & transaction history
Arec 49 LLC · 3 yrs held
Arec 49 LLC
since 2023
7 recorded transactions
Zoning & alternative use
C-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.5M
+167.6%
Office building
$4.6M
+124.1%
Commercial (general)
$4.2M
+104.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,540,000
Change: +168% · Conversion: Difficult
OFFICE BUILDING
$4,640,000
Change: +124% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,240,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$4,240,000
Change: +105% · Conversion: Moderate
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±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
$66 / 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
$21,708
Tax year 2023
Assessed value
$2,543,400
Assessed 2023
Previous assessed
$2,543,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$172,800
Assessed improvement
$2,370,600
Land market value
$172,800
Improvement market value
$2,370,600
Total market value
$2,543,400
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Units
445
Total area
53,370 SF
Lot
2.48 ac (108,029 SF)
Zoning code
C-2
APN
3702-08-89-6909
UPID
US53-0535169
Jurisdiction
CATAWBA
Zoning & alternative use
C-2 · Hickory, NC
Zoning C-2 · permitted uses
C-2 · 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)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RETAIL STORES
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1970
Heating
HOT WATER
Cooling
Yes
Buildings
2
Units
445
Lot
2.48 ac
Current owner
From public records · entity-resolved
Arec 49 LLC
Entity
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
—
Arec 49 LLC
Amerco Real Estate Company
Special Warranty Deed
$59,000,000 · Allianz Life Ins Co Of North Americ
Sep 21, 2015
$1,365,000
Amerco Real Estate Co
Msc Hickory LLC
Grant Deed
—
Dec 19, 2013
$300,000
Msc Hickory LLC
Nc Storage LLC
Grant Deed
—
Apr 5, 2013
—
Nc Storage LLC
—
Loan Modification
related
$10,700,000 · Employees' Retirement Plan/con
Dec 1, 2011
$1,172,000
Nc Storage LLC
Communityone Bk NA
Warranty Deed
$7,900,000 · Consolidated Electr Rp/tr (ct)
Oct 19, 2011
$1,318,000
Communityone Holding Co LLC
Superior Self Storage LLC
Warranty Deed
—
Oct 19, 2011
—
Communityone Bk NA
Communityone Holding Co LLC
Quit Claim Deed
—
Jun 12, 2009
$800,000
Superior Self Storage LLC
Hpg Facility LLC
Grant Deed
$1,600,000 · Communityone Bank
Jun 8, 2009
$800,000
Self Storage Lc Superlor
Hpg Facility LLC
Grant Deed
—
—
—
Superior Self Storage LLC
—
Deed Of Trust
related
$1,600,000 · Communityone Bank
—
—
Hpg Facility LLC
—
Deed Of Trust
related
$94,400 · Carolina First Bank
—
—
Hpg Facility LLC
—
Deed Of Trust
related
$110,000 · Parkway Bank & Trust Co
—
—
Hpg Facility LLC
—
Deed Of Trust
related
$800,000 · Catawba Valley Bank
—
—
Nc Storage LLC
—
Loan Modification
related
$12,800,000 · Employees' Rp/tr/consolidated
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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