Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Hickory Granary Office Space Title is generated by Realmo AI

    526 8th Street NE, Hickory, NC 28601

    View on Map
    Claim this Listing
    For Sale
    $399,900

    Commercial Sale, Other - Hickory, NC

    Lot size:
    0.12 Acres
    Added:
    Jul 19, 2025
    Days on Market:
    304
    Last Refresh:
    May 18 at 10:06 am

    Property Features for 526 8th Street NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.12 Acres

    Building Details

    Year built
    1953
    Architectural style
    Other

    We can help!

    Listing Contact
    Becky Petree
    Becky Petree

    Listing agent Becky Petree License #313061,PersonLicenseNumber

    Listing office NextHome Blue Skies 520 8th St. NE, NC

    Listing date Jul 19, 2025

    MLS# 4283304 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial shell space offering a blank canvas for a customized office environment.
    • Excellent visibility and accessibility due to its location on 8th St NE in Hickory.
    • Situated in a vibrant city and in close proximity to Lenoir‑Rhyne University.
    • Opportunity to establish a business presence in a distinctive, historic building (Hickory Granary).
    • Located at 526 8th St NE, Hickory.
    • Building was built in 1953.

    Overview

    Located at 526 8th St NE in Hickory, this commercial shell space offers an opportunity to create an ideal office environment. The property is situated within the city of Hickory and in close proximity to Lenoir-Rhyne University, providing visibility and accessibility. The interior is a blank canvas, ready to be transformed into a functional workspace. The property is located on a lot that is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Home PC Crew, Inc — 1245 2nd St NE, Hickory, NC 28601
    • Campus Repairs LLC — 625 7th Ave NE, Hickory, NC 28601

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3264465
    Latitude
    35.7360191

    Nearby Similar for Sale

    • $470,000
      4,000 SF

      Hickory Commercial Property with Vacant Lot

      Commercial building near downtown Hickory with development potential.
      729 1st Avenue SW, Hickory, NC 28602
      View Details
    • $1,500,000
      72,557 SF

      Hickory Industrial Warehouse Opportunity

      72,557 SF industrial warehouse on nearly 2 acres.
      719 Old Lenoir Road, Hickory, NC 28601
      View Details
    • $850,000

      Hickory Commercial Property Opportunity

      Versatile property suitable for offices, retail, medical, or education.
      925 NE 5th Street NE, Hickory, NC 28601
      View Details
    • $385,000

      Classic Brick Duplex in Hickory

      Well-maintained duplex with tenant-paid utilities in a desirable area.
      328-330 3rd Avenue SE, Hickory, NC 28602
      View Details
    • $2,400,000

      Updated Manufacturing Building in Hickory

      55,000 sqft updated manufacturing building ready for new use.
      2146 Highland Avenue NE, Hickory, NC 28601
      View Details
    • $415,000

      Lake View Duplex in Hickory

      Duplex with lake views, near marina and boat access.
      500 Steel Bridge Loop, Hickory, NC 28601
      View Details
    • $599,900

      Hickory Commercial Property For Sale

      Commercial property with furniture store, restaurant, and storage building.
      3506 Springs Road NE, Hickory, NC 28601
      View Details
    • $675,000
      600 SF

      Hickory NC Multifamily Investment Opportunity

      Multifamily investment opportunity featuring 12 units on approximately 2.5 acres.
      218 37th Street SW, Hickory, NC 28602
      View Details
    • $699,900

      Historic Queen Anne Hospitality House

      1897 Queen Anne in Hickory's Claremont Historic District.
      121 5th Avenue NE, Hickory, NC 28601
      View Details
    • $750,000
      600 SF

      Hickory NC Multifamily Investment

      Multifamily investment opportunity with 10 units on approximately 2.4 acres.
      303 37th Street SW, Hickory, NC 28602
      View Details
    • $2,195,000

      Trucking Terminal with 50 Bays

      50-bay trucking terminal for operational excellence in transportation industry.
      754 18th Street NE, Hickory, NC 28601
      View Details
    • $1,687,500
      1,680 SF

      Hickory Townhome Portfolio

      Five luxury townhomes in a desirable Hickory location.
      2119 - 2111 24th Street Lane SE, Hickory, NC 28602
      View Details

    FAQs

    What type of property is this?
    Office property - Commercial shell space in historic Hickory Granary, customize to your needs.
    Where is this office property located?
    The property is located at 526 8th Street NE Hickory, NC.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Prime commercial shell space offering a blank canvas for a customized office environment.; Excellent visibility and accessibility due to its location on 8th St NE in Hickory.; Situated in a vibrant city and in close proximity to Lenoir‑Rhyne University.
    (828) 979-2584
    We can help!
    Listing Contact
    Becky Petree
    Becky Petree
    Real Estate License ID: 313061,PersonLicenseNumber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    526 8th Street NE, Hickory, NC 28601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!