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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Manufacturing properties
925 Old Lenoir Rd Hickory, NC 28601-3446
Entity Owned
Free & Clear
Property ID
US53-1984854
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
60,418 SF
Lot
5.16 ac (224,770 SF)
Zoning code
IND
APN
2793-16-94-1469
UPID
US53-1984854
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
-
Quiktron Inc Industrial Manufacturer Production Facility
-
Legrand Corporate Office
-
Opticoncepts Inc Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$1.86M
Owner & transaction history
Hickory Investments II LLC
Hickory Investments II LLC
since 2025
Last sale
$2.2M
4 recorded transactions
Zoning & alternative use
IND · 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
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
INDUSTRIAL (GENERAL)
$1,700,000
Current use
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10% · vs last sale $2.23M (Jul 17 2025)
Last sale anchor
$2.23M
Jul 17 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
$31 / 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
$16,239
Tax year 2023
Assessed value
$1,902,600
Assessed 2023
Previous assessed
$1,902,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$191,600
Assessed improvement
$1,711,000
Land market value
$191,600
Improvement market value
$1,711,000
Total market value
$1,902,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
60,418 SF
Lot
5.16 ac (224,770 SF)
Zoning code
IND
APN
2793-16-94-1469
UPID
US53-1984854
Jurisdiction
CATAWBA
Zoning & alternative use
IND · Hickory, NC
Zoning IND · permitted uses
IND · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
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
1974
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
5.16 ac
Current owner
From public records · entity-resolved
Hickory Investments II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2312 FAR HLS AVE #223, OAKWOOD, OH 45419-1512
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
$2,225,000
Hickory Investments II LLC
Shyman Hickory Properties LLC
Warranty Deed
—
Oct 17, 2025
—
Hickory Investments II LLC
Shyman Hickory Properties LLC
Deed
—
Feb 5, 2007
$1,000,000
Lastar Hickory Properties LLC
Kentucky Derby Hosiery Co INC
Warranty Deed
$850,000 · National City Bank
—
—
;asyar Hickory Properties LLC
—
Deed Of Trust
related
$850,000 · National City 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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