Mixed-Use Plaza
New
For Sale
Contact for pricing
1134 Lenoir Rhyne Boulevard SE, Hickory, NC 28602
Office and retail space in LR Plaza offers a flexible commercial setting near three major roadways.
Property Size1,988 SF
Price / SF$1.00
Days on Market5
Property Features for 1134 Lenoir Rhyne Boulevard SE
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office/Retail
Amenities
Paved
Other - See Remarks
Public Sewer
Additional parcels description:, Parcel Number: 371214236922, Assessed Value: $1.5635e+06
Carpet, Tile
Central Air
Forced Air, Natural Gas
Listing ID: CAR4438401, Standard Status: Active, MLS Status: Active, Property Subtype: Commercial
4 open parking spaces, Other Parking: (Parking Spaces: 3+), Parking Space(s)
Built in 1988, Living area: 1500
County/Parish: Catawba
2 total bathrooms
Water Source: City
Cable TV, Electricity, Gas
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Handicap Parking
Gas Water Heater
Building Details
Building Size
1,988 SF
Year Built
1988
Listing Agency:
Weichert, Realtors - Team Metro
(828) 304-1000
Listed By:
Kim Smith · License #159999
(828) 381-5614
Source:
Blackstreaminternational
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 31 at 3:05AM
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 Weichert, Realtors - Team Metro
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
LR Plaza contains approximately 1,500 square feet of office and retail space. The building dates to 1988 and is situated off Lenoir Rhyne Boulevard in Hickory.
The property offers access to I-40, Highway 321, and Highway 70. Shopping, dining, and other amenities are described as minutes away.
The property offers access to I-40, Highway 321, and Highway 70. Shopping, dining, and other amenities are described as minutes away.
Key Highlights
- Approximately 1,500 square feet of office and retail space
- Located in LR Plaza, built in 1988
- Access to I‑40, Highway 321, and Highway 70
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,188
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,760
$303.8K
Cap Rate 7%
$216,971
$217.0K
Cap Rate 9%
$168,756
$168.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$2.7K −$1.80/SF
EGI
$24.3K $16.20/SF
− OpEx
−$9.1K −$6.07/SF
NOI
$15.2K $10.13/SF
Area
Catawba County, NC
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,760
Cap Rate 7%
$216,971
Cap Rate 9%
$168,756
Alternative Uses
Best Use
Retail
$233.9K
$204.6K – $272.8K
NOI $16,370 @ 7.0% cap · market cap 1,091.33%
Second Best
Mixed Use
$217.0K
$189.9K – $253.1K
NOI $15,188 @ 7.0% cap · market cap 1,012.53%
Theoretical Best
Office A
$438.2K
$383.4K – $511.2K
NOI $30,672 @ 7.0% cap · market cap 2,044.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
213k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 17%
Hotels & Casinos 3%
Texas Roadhouse
Dining
44,584 visits/mo
0.2 miles
Cracker Barrel Old Country Store
Dining
35,513 visits/mo
0.4 miles
Kickback Jack's
Dining
25,231 visits/mo
0.3 miles
Golden Corral
Dining
24,878 visits/mo
0.1 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
15,201 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail space in LR Plaza offers a flexible commercial setting near three major roadways.
Where is this mixed-use property located?
The property is located at 1134 Lenoir Rhyne Boulevard SE Hickory, NC.
What are key features of this property?
This property features: Approximately 1,500 square feet of office and retail space; Located in LR Plaza, built in 1988; Access to I‑40, Highway 321, and Highway 70
