Viewmont Commercial Income
1117-1127 2nd Street NE, Hickory, NC 28601
Three contiguous commercial buildings with parking lot in Viewmont.
Type:Commercial
Property size:
4,500 SFPrice / SF:
$198/SF- Added:
- May 16, 2026
- Days on Market:
- 15
- Last Refresh:
- May 16 at 8:38 pm
Property Features for 1117-1127 2nd Street NE
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agent FLETCHER EDENS License #226103
Listing office WESTON CAPITAL GROUP LLC (828) 228-2010
Listing date May 16, 2026
Source Corcoran
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 WESTON CAPITAL GROUP LLC
HighLights
- High traffic location: Over 26,000 estimated daily traffic count.
- Strong income potential: Features a 6% purchase cap rate, with potential to exceed 10% pro forma at full occupancy.
- Multiple income streams: Three contiguous commercial buildings with existing tenants.
- Significant parking: Includes 11 front spaces, 6 rear spaces, and an additional 16 spaces in a separate lot.
- Versatile spaces: Buildings offer a mix of retail, office, showroom, and workspace.
- Recently rented units: Two units are currently rented with nearly 2‑3 years remaining on the leases.
Overview
Three contiguous commercial income buildings and a parking lot are available in Viewmont. The location benefits from an estimated daily traffic count exceeding 26000 vehicles. The property at 1117-1119 2nd St NE offers a potential of 3 rental units, encompassing 4500 square feet with 4 bathrooms, a break room, conference rooms, and showroom space. The front right portion (1119 front) is currently rented for 3 years. The building at 1125 2nd St NE provides 2250 square feet, including 2 bathrooms, an office, showroom, and workspace, and is currently rented with nearly 3 years remaining on the lease. The property at 1127 2nd St NE features 2000 square feet of retail space and is currently rented with nearly 2 years remaining on the lease. The purchase cap rate with 2 vacant spaces is 6%, with a pro forma cap rate at full occupancy projected to be 10% or higher. The front of each building provides 11 parking spaces (5, 3, and 3). Properties at 1125 and 1127 each offer 3 additional parking spaces abutting each rear entry. The parking lot, identified by Parcel ID: 370311659487, includes 16 additional parking spaces.
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 | $97.2k | $21.60 |
| − Vacancy | −$18.0k | −$4.00 |
| EGI | $79.2k | $17.60 |
| − OpEx | −$19.8k | −$4.40 |
| NOI | $59.4k | $13.20 |
4,500 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$848.8K
$742.7K – $990.2K
NOI $59,414 @ 7.0% cap · market cap 6.64%
Second Best
Retail
$701.6K
$613.9K – $818.5K
NOI $49,110 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,016 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Hickory
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.3356889
- Latitude
- 35.7482765
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Three contiguous commercial buildings with parking lot in Viewmont.
Where is this storefront property located?
The property is located at 1117-1127 2nd Street NE Hickory, NC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High traffic location: Over 26,000 estimated daily traffic count.; Strong income potential: Features a 6% purchase cap rate, with potential to exceed 10% pro forma at full occupancy.; Multiple income streams: Three contiguous commercial buildings with existing tenants.
