Industrial Flex Facility with
1108 9th Avenue NE Hickory, NC 28601
1108 9th Avenue NE, Hickory, NC, 28601
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For Sale
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Fully sprinklered industrial facility with dedicated office space, drive-up and dock-high access, and 12 to 20-foot ceilings.
Property Size10,260 SF
Price / SF$97.47
Days on Market87
Property Features for 1108 9th Avenue NE
General Information
- Standard status
- Active
- Size
- 10,260 SF
- Property subtype
- Industrial
Listing agency
Commercial First
Listed by
Shana White · License #NC 285523
Source
Crexi
Added: Apr 27 Updated: Jul 22 at 1:08AM Checked: Jul 22 at 6:04AM
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.
Now available for sale or lease, this 10,260 sf industrial flex facility is designed to support warehousing, light manufacturing, or logistics operations. The building is fully sprinklered and includes dedicated office space for administrative needs.
The facility provides 12'-20' ceiling heights and offers both a drive-up door and dock-high access to support efficient receiving and shipping workflows. The property is positioned to serve industrial uses, with zoning described as suitable for industrial purposes.
Additional functional layout includes office space alongside the industrial area, creating a configuration intended to accommodate businesses that need both production or storage and on-site work areas.
The facility provides 12'-20' ceiling heights and offers both a drive-up door and dock-high access to support efficient receiving and shipping workflows. The property is positioned to serve industrial uses, with zoning described as suitable for industrial purposes.
Additional functional layout includes office space alongside the industrial area, creating a configuration intended to accommodate businesses that need both production or storage and on-site work areas.
Key Highlights
- 10,260 SF industrial facility available for sale or lease
- Fully sprinklered building designed for warehousing, light manufacturing, or logistics operations
- 12'–20' ceiling heights with dedicated office space
Local Financial Insights For Warehouse
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 | $82.5k | $8.04 |
| − Vacancy | −$5.6k | −$0.55 |
| EGI | $76.9k | $7.49 |
| − OpEx | −$11.5k | −$1.12 |
| NOI | $65.3k | $6.37 |
10,260 SF · lease $8.04/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.49M
$1.31M – $1.74M
NOI $104,549 @ 7.0% cap · market cap 10.45%
Second Best
Warehouse
$933.6K
$816.9K – $1.09M
NOI $65,349 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,796 @ 7.0% cap · market cap 20.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sovereign Technologies
Chemical Plant
Bowman Roofing & Sheet ...
Roofing Company
Similar For Sale Nearby
Similar Off Market Nearby
- L & L Catering — 12 8th St SE, Hickory, NC 28602
- Aramark — 743 6th St NE, Hickory, NC 28601
- Living Lean — 12 8th St SE, Hickory, NC 28602
FAQs
What type of property is this?
Flex space - Fully sprinklered industrial facility with dedicated office space, drive-up and dock-high access, and 12 to 20-foot ceilings.
Where is this flex space located?
The property is located at 1108 9th Avenue NE Hickory, NC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 10,260 SF industrial facility available for sale or lease; Fully sprinklered building designed for warehousing, light manufacturing, or logistics operations; 12'–20' ceiling heights with dedicated office space
