Flex Space with Dock
For Sale
Contact for pricing
1651 1st Avenue SW, Hickory, NC 28602
Industrial layout combines office functions, warehouse capacity, loading infrastructure, and shared paved parking.
Property Size1,979 SF
Price / SF$0.48
Days on Market49
Property Features for 1651 1st Avenue SW
General Information
Standard status
Active
Size
1,979 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
1,000 SF
Dock-High Doors
2
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 2792077846350000, Assessed Value: $387,100, Zoning: C-2
Carpet, Concrete
Forced Air
Listing ID: CAR4420006, Standard Status: Active, MLS Status: Active, Property Subtype: Commercial
Other Parking: Shared between tenants, Parking Lot
Built in 1979, Construction Materials: Brick Full
County/Parish: Catawba
Water Source: City
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
1,979 SF
Year Built
1979
Listing Agency:
Boyd & Hassell Industrial-Commercial
(828) 322-1723
Listed By:
Barrett Mitchell · License #267298
(828) 234-5907
Source:
Blackstreaminternational
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 16 at 9:40AM
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 Boyd & Hassell Industrial-Commercial
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.
Built in 1979, this 5,000-square-foot flex property combines approximately 1,000 square feet of office area with warehouse space. The building includes two restrooms, paved parking shared among tenants, and a 110/220 power supply. Interior clearance measures 16 feet, with 18 feet to the decking, supporting a range of storage and operational needs.
Two 10-foot by 8-foot dock doors provide loading access for deliveries and distribution. The property is located at 1651 1st Avenue SW in Hickory, North Carolina, and availability begins November 1.
Two 10-foot by 8-foot dock doors provide loading access for deliveries and distribution. The property is located at 1651 1st Avenue SW in Hickory, North Carolina, and availability begins November 1.
Key Highlights
- 5,000 square feet with approximately 1,000 square feet of office space
- 16’ clear height and 18’ to the decking
- Two dock doors measuring 10’ x 8’
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,226
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,520
$524.5K
Cap Rate 7%
$374,657
$374.7K
Cap Rate 9%
$291,400
$291.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$40.2K $8.04/SF
− Vacancy
−$2.7K −$0.55/SF
EGI
$37.5K $7.49/SF
− OpEx
−$11.2K −$2.25/SF
NOI
$26.2K $5.25/SF
Area
Catawba County, NC
Vacancy
6.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,520
Cap Rate 7%
$374,657
Cap Rate 9%
$291,400
Alternative Uses
Best Use
Flex RnD
$727.9K
$636.9K – $849.2K
NOI $50,950 @ 7.0% cap · market cap 2,122.92%
Second Best
Warehouse
$454.9K
$398.1K – $530.8K
NOI $31,846 @ 7.0% cap · market cap 1,326.92%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,240 @ 7.0% cap · market cap 4,260.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
16 ft
Clear height
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial layout combines office functions, warehouse capacity, loading infrastructure, and shared paved parking.
Where is this flex space located?
The property is located at 1651 1st Avenue SW Hickory, NC.
What are key features of this property?
This property features: 5,000 square feet with approximately 1,000 square feet of office space; 16’ clear height and 18’ to the decking; Two dock doors measuring 10’ x 8’
