Class A Office Building with
1105 8th Street Court SE, Hickory, NC 28602
For Sale
Contact for pricing
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 Market129
Property Features for 1105 8th Street Court SE
General Information
Standard status
Size
Class
Property subtype
Zoning
Listing Agency:
Commercial First
Listed By:
Ryan Lovern · License #NC 196483
(828) 322-8022
Source:
Crexi
Added: Jul 2
Changed: Oct 26
Last Checked: Nov 6 at 5:50AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,030
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,640,600
$2.6M
Cap Rate 7%
$1,886,143
$1.9M
Cap Rate 9%
$1,467,000
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$216.0K $21.60/SF
− Vacancy
−$40.0K −$4.00/SF
EGI
$176.0K $17.60/SF
− OpEx
−$44.0K −$4.40/SF
NOI
$132.0K $13.20/SF
Area
Catawba County, NC
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,640,600
Cap Rate 7%
$1,886,143
Cap Rate 9%
$1,467,000
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
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Business Placement
Demographics for 28602, NC
29,184
Population
12,941
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
70.7 sq mi
ZIP Area
413
Density / Sq Mi
$56,031
Median Household Income
$36,519
Median Earnings
$830
Median Rent
$180,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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
