New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,060,000
Medical Office Space
915 Tate Blvd Se Ste 106, Hickory, NC 28602-4042
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1785940
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Total area
57,427 SF
Lot
5.27 ac (229,561 SF)
Zoning code
C-2
APN
3712-05-19-9027
UPID
US53-1785940
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
$9.93M
CAP Approach
CAP
$9.51M
Comparable Approach
Comparable
$8.16M
Blend (final)
Blend
$9.06M
Owner & transaction history
East Carolina Anesthesia Associates · 1 yrs held
East Carolina Anesthesia Associates
since 2025
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
C-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.2M
+20.7%
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
$9,775,000
ML approach
$9,925,000
CAP Approach
CAP Return
Estimation
6%
$10,300,000
6.5%
$9,510,000
7%
$8,830,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,905,000
Current use
RESTAURANT
$13,165,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$9.06M
Range $8.15M – $9.97M · ±10% · vs last sale $8.50M (Jun 2 2020)
Last sale anchor
$8.50M
Jun 2 2020
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
$158 / 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
$68,314
Tax year 2023
Assessed value
$8,004,000
Assessed 2023
Previous assessed
$8,004,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$807,600
Assessed improvement
$7,196,400
Land market value
$807,600
Improvement market value
$7,196,400
Total market value
$8,004,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1990
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
57,427 SF
Lot
5.27 ac (229,561 SF)
Zoning code
C-2
APN
3712-05-19-9027
UPID
US53-1785940
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
MEDICAL BUILDING Current
Est. value
$10.9M
RESTAURANT
Est. value
$13.2M
MEDICAL BUILDING Current
RESTAURANT
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
1990
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
5.27 ac
Current owner
From public records · entity-resolved
East Carolina Anesthesia Associates
Entity
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
East Carolina Anesthesia Associates
Flagship 915 Tate Se Hickory LLC
Deed
—
Jun 2, 2020
—
Flagship 915 Tate Sehikory LLC
Cc Asheville Mob LLC
Warranty Deed
—
Jun 2, 2020
$8,497,000
Flagship 915 Tate Se Hickory L
Cc Asheville Mob LLC
Grant Deed
—
Jun 17, 2016
—
Cc Asheville Mob LLC
—
Deed
related
$5,550,000 · Miscellaneous Ins Co
Jun 3, 2015
$7,800,000
Cc Asheville Mob LLC
Tate Boulevard V LLC
Special Warranty Deed
$8,744,713 · Communityone Bank NA
May 28, 2015
—
Awvclv LLC
Tate Boulevard V LLC
Grant Deed
—
Dec 31, 2012
$2,410,000
Tate Boulevard V LLC
Belwest Hickory Group
Warranty Deed
$1,800,000 · Wells Fargo Bank NA
—
—
Tate Boulevard V LLC
—
Deed Of Trust
related
$11,100,000 · Communityone Bank
—
—
Westover Development Corp
—
Deed Of Trust
related
$714,539 · Catawba Valley Bank
—
—
Westover Development Corp
—
Deed Of Trust
related
$647,963 · Catawba Valley Bank
—
—
Cc Asheville Mob LLC
—
Deed Of Trust
related
$5,550,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 915 Tate Blvd Se Ste, Unit 106?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
