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Property profile & analytics
OFF-MARKET
Estimated value
$9,120,000
Office buildings
74 8th SE St Hickory, NC 28602-1120
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-5517009
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Construction
WOOD
Total area
90,501 SF
Lot
2.52 ac (109,771 SF)
Zoning code
C-2
APN
3702-08-99-4831
UPID
US53-5517009
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
-
74 South at Moretz Mills Hotel & Motel Resort
-
Grandview Hosiery, LLC Big Box & Wholesale Store
-
SouthSide Power & Fitness Gym & Fitness Center
-
Moretz Mills, LLC Hotel & Motel Resort
-
Boca Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.51M
Blend (final)
Blend
$9.12M
Owner & transaction history
MORETZ MILLS LLC
MORETZ MILLS LLC
Zoning & alternative use
C-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.7M
+36.6%
Apartment house (5+ units)
$9.4M
+19.4%
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
OFFICE BUILDING
$7,865,000
Current use
AUTO REPAIR, GARAGE
$10,745,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,395,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,185,000
Change: -9% · Conversion: Easy
RETAIL STORES
$7,185,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$9.12M
Range $8.21M – $10.03M · ±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
$101 / 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
$30,872
Tax year 2023
Assessed value
$7,234,100
Assessed 2023
Previous assessed
$7,234,100
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$153,700
Assessed improvement
$7,080,400
Land market value
$153,700
Improvement market value
$7,080,400
Total market value
$7,234,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
90,501 SF
Lot
2.52 ac (109,771 SF)
Zoning code
C-2
APN
3702-08-99-4831
UPID
US53-5517009
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
OFFICE BUILDING Current
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$10.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$7.2M
RETAIL STORES
Est. value
$7.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1935
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
MORETZ MILLS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
74 8TH ST SE STE #220, HICKORY, NC 28602-1121
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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