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Property profile & analytics
OFF-MARKET
Retail space
5845 Walnut Grv Ln Hickory, NC 28602-8817
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-0048582
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
6,000 SF
Lot
1.46 ac (63,598 SF)
Zoning code
HC
APN
2699-10-25-7759
UPID
US53-0048582
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tim Mccaslin Climate Control Storag · 4 yrs held
Tim Mccaslin Climate Control Storag
since 2021
Last sale
$289,000
5 recorded transactions
Zoning & alternative use
HC · 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
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
$1,470
Tax year 2023
Assessed value
$212,300
Assessed 2023
Previous assessed
$321,300
-33.9% YoY
Effective rate
0.69%
On assessed value
Assessed land
$27,400
Assessed improvement
$184,900
Land market value
$27,400
Improvement market value
$184,900
Total market value
$212,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,000 SF
Lot
1.46 ac (63,598 SF)
Zoning code
HC
APN
2699-10-25-7759
UPID
US53-0048582
Jurisdiction
CATAWBA
Zoning & alternative use
HC · Hickory, NC
Zoning HC · permitted uses
HC · 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.
Building & site characteristics
From public records
Year built
1990
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Tim Mccaslin Climate Control Storag
Individual
Free & Clear · 4 yrs held
Mailing address
2460 MTN VW RD, HICKORY, NC 28602-9443
Ownership since
2021
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
Nov 3, 2021
—
Tim Mccaslin Climate Control Storag
Walnut Grove Lane LLC
Correction Deed
related
—
Sep 20, 2021
$289,000
Tim Mccasuin Climate Control
Walnut Grove Lane LLC
Warranty Deed
$231,200 · Skyline National Bank
Aug 30, 2007
$262,500
Walnut Grove Lane LLC
Andy Brinkley
Warranty Deed
$236,250 · Capital Bank
Aug 29, 2007
$262,500
Walnut Grove Lane LLC
Brinkley,howard Anderson
Grant Deed
—
—
—
Walnut Grove Lane LLC
—
Deed Of Trust
related
$208,200 · Carolina Trust Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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