Class A Office Building with
1105 8th Street Court SE Hickory, NC 28602
1105 8th Street Court SE, Hickory, NC, 28602
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For Sale
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Class A office space with 18+ executive offices, most with exterior windows, plus an oversized conference room.
Property Size10,000 SF
Price / SF$180
Days on Market21
Property Features for 1105 8th Street Court SE
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office, Industrial
Listing agency
Commercial First
(828) 322-8022
Listed by
Ryan Lovern · License #NC 196483
Source
Crexi
Added: Jul 2 Updated: Jul 21 at 12:22PM Checked: Jul 21 at 12:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial First
Investment Insights
Based on property information with market context.
Approximately 10,000 SF of Class A office space located within a professional business park setting. The building features more than 18 executive offices, most with exterior windows, along with an oversized conference room built to accommodate large meetings, training sessions, and group presentations. Additional support staff offices, storage areas, and open workspaces help round out a functional and efficient layout for day-to-day operations.
The property is located less than one-half mile from Highway 70 and Lenoir-Rhyne Boulevard. Quality finishes are noted throughout a well-maintained property.
Overall, the configuration supports both private office use and collaborative meeting space, with storage and support office areas incorporated into the plan.
The property is located less than one-half mile from Highway 70 and Lenoir-Rhyne Boulevard. Quality finishes are noted throughout a well-maintained property.
Overall, the configuration supports both private office use and collaborative meeting space, with storage and support office areas incorporated into the plan.
Key Highlights
- Approximately 10,000 SF of Class A office space in a professional business park
- 18+ executive offices, most with exterior windows
- Oversized conference room designed for large meetings, training sessions, and group presentations
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $21.60 |
| − Vacancy | −$40.0k | −$4.00 |
| EGI | $176.0k | $17.60 |
| − OpEx | −$44.0k | −$4.40 |
| NOI | $132.0k | $13.20 |
10,000 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.20M
NOI $132,030 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,480 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ClearWater, Inc.
Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Class A office space with 18+ executive offices, most with exterior windows, plus an oversized conference room.
Where is this office building located?
The property is located at 1105 8th Street Court SE Hickory, NC.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approximately 10,000 SF of Class A office space in a professional business park; 18+ executive offices, most with exterior windows; Oversized conference room designed for large meetings, training sessions, and group presentations
