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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Retail space
633 4th SW St Hickory, NC 28602-2838
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1735051
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,243 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C-2
APN
3702-10-46-1784
UPID
US53-1735051
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
$1.40M
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
633 Fourth St LLC · 1 yrs held
633 Fourth St LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+188.7%
Medical building
$1.8M
+139.2%
Auto repair, garage
$1.1M
+49.5%
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
$1,520,000
ML approach
$1,395,000
CAP Approach
CAP Return
Estimation
6%
$1,680,000
6.5%
$1,550,000
7%
$1,440,000
Alternative Use
Use
Estimation
RESTAURANT
$2,120,000
Change: +189% · Conversion: Easy
MEDICAL BUILDING
$1,755,000
Change: +139% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,095,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$960,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.40M (Feb 10 2025)
Last sale anchor
$1.40M
Feb 10 2025
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
$157 / 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
$4,788
Tax year 2023
Assessed value
$561,000
Assessed 2023
Previous assessed
$561,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$108,300
Assessed improvement
$452,700
Land market value
$108,300
Improvement market value
$452,700
Total market value
$561,000
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
9,243 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C-2
APN
3702-10-46-1784
UPID
US53-1735051
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
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$960,000
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
633 Fourth St LLC
Entity
Mailing address
20619 TORRENCE CHAPEL RD STE #116, CORNELIUS, NC 28031-6870
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
$1,400,000
633 Fourth St LLC
318 South LLC
Special Warranty Deed
$1,100,000 · 318 South LLC
Dec 21, 2023
$485,000
318 South LLC
Hickory Auto Direct LLC
Warranty Deed
$429,851 · Skyline National Bank
Aug 6, 2015
$199,000
Hickory Auto Direct LLC
Julien Cody Holdings LLC
Warranty Deed
$199,000 · Julien Cody Holdings LLC
Aug 13, 2013
$225,000
Julien Cody Holdings LLC
Communityone Bk NA
Grant Deed
—
Sep 22, 2011
$75,000
Anthony G Sandra K Dibenedetto
Bank Of Granite
Grant Deed
—
May 2, 2011
$383,000
Bank Of Granite
Ellis,johnny W & Julia B
Warranty Deed
—
Jun 15, 2007
—
Johnny Ellis
Ellis,johnny & Julia
Quit Claim Deed
related
—
—
—
Johnny W Ellis
—
Deed Of Trust
related
$295,000 · Bank Of Granite
—
—
Johnny Wayne Ellis
—
Deed Of Trust
related
$272,500 · Bank Of Granite
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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