Two-Unit Warehouse Flex
1707 10th Ave Ne Hickory, NC 28601
1707 10th Ave Ne, Hickory, NC, 28601
$759,000
For Sale
$759,000
One building with two leased warehouse/light manufacturing spaces, offices, docks, and approximately 12-foot ceilings.
Property Size12,000 SF
Price / SF$63.25
Days on Market91
Property Features for 1707 10th Ave Ne
General Information
- Standard status
- Active
- Size
- 12,000 SF
Listing agency
Weston Capital Group LLC
(828) 228-2010
Listed by
Fletcher Edens · License #226103
(828) 228-2010
Source
Exprealty
Added: Apr 23 Updated: Jul 22 at 6:12PM Checked: Jul 22 at 6:12PM
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
Investment Insights
Based on property information with market context.
This single flex/industrial building contains two separate warehouse/light manufacturing spaces with dedicated office areas. The property is roughly split into two units of approximately 6,000 square feet each, totaling about 12,000 square feet, and is fully sprinkled.
The building spans between 10th Ave NE and 11th Ave NE and has frontage on each street. Both unit entrances include dock doors, and each side also features a 9' x 9' drive-in garage door entry, along with adequate parking.
Each unit is leased long term and has its own street access via the 10th and 11th entrances. Please do not disturb tenants.
The building spans between 10th Ave NE and 11th Ave NE and has frontage on each street. Both unit entrances include dock doors, and each side also features a 9' x 9' drive-in garage door entry, along with adequate parking.
Each unit is leased long term and has its own street access via the 10th and 11th entrances. Please do not disturb tenants.
Key Highlights
- Single building spans 10th Ave NE to 11th Ave NE with frontage on both streets
- +/-12,000 SF total split into two spaces of +/-6,000 SF each for warehouse/light manufacturing with offices
- Both units have leased long‑term tenant occupancy (10th and 11th street entrances)
Local Financial Insights For Industrial
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 | $96.5k | $8.04 |
| − Vacancy | −$6.6k | −$0.55 |
| EGI | $89.9k | $7.49 |
| − OpEx | −$27.0k | −$2.25 |
| NOI | $62.9k | $5.25 |
12,000 SF · lease $8.04/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.75M
$1.53M – $2.04M
NOI $122,279 @ 7.0% cap · market cap 16.11%
Second Best
Warehouse
$1.09M
$955.4K – $1.27M
NOI $76,431 @ 7.0% cap · market cap 10.07%
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,376 @ 7.0% cap · market cap 32.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Advanced Print & Finishing ...
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - One building with two leased warehouse/light manufacturing spaces, offices, docks, and approximately 12-foot ceilings.
Where is this flex space located?
The property is located at 1707 10th Ave Ne Hickory, NC.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Single building spans 10th Ave NE to 11th Ave NE with frontage on both streets; +/-12,000 SF total split into two spaces of +/-6,000 SF each for warehouse/light manufacturing with offices; Both units have leased long‑term tenant occupancy (10th and 11th street entrances)
