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Property profile & analytics
OFF-MARKET
Estimated value
$9,595,000
Office buildings
810 Fairgrove Church Rd Hickory, NC 28602-9617
Entity Owned
Free & Clear
Property ID
US53-1209821
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
83,982 SF
Lot
96.78 ac (4,215,737 SF)
Zoning code
OI
APN
3722-15-62-3515
UPID
US53-1209821
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
-
Catawba Valley Medical Center: Emergency Room Hospital
-
Stacie Burleson Physician
-
Catawba Valley Medical Center Fitness Plus Gym & Fitness Center
-
Otterberg Dustin J Physician
-
Fresenius Medical Care at Catawba Valley Medical Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.70M
Blend (final)
Blend
$9.60M
Owner & transaction history
CATAWBA COUNTY
CATAWBA COUNTY
Zoning & alternative use
OI · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The OI district is intended to provide locations for the development of institutions of higher learning and medical hospitals within Public or Institutional areas, as identified with the Hickory by Choice Comprehensive Plan. The OI district is also intended to provide for transitional land uses between residential and commercial uses. OI districts providing…
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
985.53 ac
Source
Realmo
Top alternative use upside
Medical building
$16.0M
+118.5%
Auto repair, garage
$10.0M
+36.6%
Apartment house (5+ units)
$8.7M
+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
$7,300,000
Current use
MEDICAL BUILDING
$15,950,000
Change: +119% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,970,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,715,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,670,000
Change: -9% · Conversion: Easy
RETAIL STORES
$6,670,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$9.60M
Range $8.64M – $10.55M · ±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
$114 / 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
Assessed value
$102,393,800
Assessed 2023
Previous assessed
$102,393,800
+0.0% YoY
Assessed land
$5,797,000
Assessed improvement
$96,596,800
Land market value
$5,797,000
Improvement market value
$96,596,800
Total market value
$102,393,800
Applied tax rate
5.0000
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
1980
Heating
HOT WATER
Cooling
CENTRAL
Buildings
5
Units
1
Total area
83,982 SF
Lot
96.78 ac (4,215,737 SF)
Zoning code
OI
APN
3722-15-62-3515
UPID
US53-1209821
Jurisdiction
CATAWBA
Zoning & alternative use
OI · Hickory, NCZoning OI · permitted uses
OI · Hickory, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The OI district is intended to provide locations for the development of institutions of higher learning and medical hospitals within Public or Institutional areas, as identified with the Hickory by Choice Comprehensive Plan. The OI district is also intended to provide for transitional land uses between residential and commercial uses. OI districts providing transitional areas are generally characterized as smaller sites allowing for small-scale offices
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
985.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$16.0M
AUTO REPAIR, GARAGE
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$6.7M
RETAIL STORES
Est. value
$6.7M
OFFICE BUILDING Current
MEDICAL BUILDING
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
1980
Heating
HOT WATER
Cooling
Yes
Buildings
5
Units
1
Lot
96.78 ac
Current owner
From public records · entity-resolved
CATAWBA COUNTY
Individual
Free & Clear · 0 yrs held
Mailing address
810 FAIRGROVE CHURCH RD, HICKORY, NC 28602-9617
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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