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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Warehouses
Icard Ridge Rd, NC
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-5012329
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
WOOD
Total area
10,000 SF
Lot
3 ac (130,506 SF)
Zoning code
H-C
APN
3958
UPID
US53-5012329
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
Waterfront Lane Ents 2 INC · 10 yrs held
Waterfront Lane Ents 2 INC
since 2016
3 recorded transactions
Zoning & alternative use
H-C · Rd, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+81.1%
Retail stores
$830,000
+44.2%
Auto repair, garage
$780,000
+35.8%
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 Rd submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rd 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
WAREHOUSE, STORAGE
$575,000
Current use
RESTAURANT
$1,045,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$830,000
Change: +44% · Conversion: Moderate
AUTO REPAIR, GARAGE
$780,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$68 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,698
Tax year 2024
Assessed value
$939,441
Assessed 2024
Previous assessed
$939,441
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$263,934
Assessed improvement
$675,507
Land market value
$263,934
Improvement market value
$675,507
Total market value
$939,441
Applied tax rate
121.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
10,000 SF
Lot
3 ac (130,506 SF)
Zoning code
H-C
APN
3958
UPID
US53-5012329
Jurisdiction
ALEXANDER
Zoning & alternative use
H-C · Rd, NC
Zoning H-C · permitted uses
H-C · Rd, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rd. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$575,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$780,000
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
3 ac
Current owner
From public records · entity-resolved
Waterfront Lane Ents 2 INC
Entity
Free & Clear · 10 yrs held
Mailing address
5803 ICARD RDG RD, HICKORY, NC 28601-9051
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2016
$752,000
Waterfront Lane Ents 2 INC
Re Marina LLC
Grant Deed
—
Mar 24, 2015
$1,250,000
Re Marina LLC
Summerlin Jimmy R JR|hull Mark C & Marguinia L
Trustees Deed
$831,297 · Goldman Sachs Bk USA
Sep 23, 2008
$3,200,000
Mark C Hull
Barnes,richard L & Nancy J
Warranty Deed
$1,718,600 · United Community 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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