Upstairs Office
For Sale
Contact for pricing
1936 16th Street NE, Hickory, NC 28601
Professional upstairs office suites feature private offices and shared restrooms, with water, sewer, electricity, and trash included.
Property Size1,988 SF
Days on Market101
Property Features for 1936 16th Street NE
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Business
Amenities
End Unit, Paved
Public Sewer
Additional parcels description:, Parcel Number: 371307674830, Assessed Value: $956,300
Listing ID: CAR4407332, Standard Status: Active, MLS Status: Active, Property Subtype: Business, 28 days on market
Parking Lot
Built in 1988, Construction Materials: Brick Full
County/Parish: Catawba
Water Source: City
All except water
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Refrigerator
Building Details
Building Size
1,988 SF
Year Built
1988
Listing Agency:
Shook & Tarlton Realty LLC
(828) 324-9780
Listed By:
Savannah Collins
(828) 607-8609
Source:
Blackstreaminternational
Added: Jul 23
Changed: Oct 29
Last Checked: Oct 30 at 4:20PM
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 Shook & Tarlton Realty LLC
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.
Professional upstairs office and business spaces are available for lease, offering flexible office layouts designed for administrative and service-based business needs. Suites include private office spaces and shared restroom facilities.
The property is described as a convenient location. Lease includes water and sewer, electricity, and trash service.
Spaces are positioned upstairs and configured to support a range of professional office uses where private offices and shared common restrooms are appropriate.
The property is described as a convenient location. Lease includes water and sewer, electricity, and trash service.
Spaces are positioned upstairs and configured to support a range of professional office uses where private offices and shared common restrooms are appropriate.
Key Highlights
- 1988‑built professional office building with upstairs office suites for lease.
- Suites offer private office spaces plus shared restroom facilities.
- Lease includes water & sewer, electricity, and trash service.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,248
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,960
$525.0K
Cap Rate 7%
$374,971
$375.0K
Cap Rate 9%
$291,644
$291.6K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$42.9K $21.60/SF
− Vacancy
−$7.9K −$4.00/SF
EGI
$35.0K $17.60/SF
− OpEx
−$8.7K −$4.40/SF
NOI
$26.2K $13.20/SF
Area
Catawba County, NC
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,960
Cap Rate 7%
$374,971
Cap Rate 9%
$291,644
Alternative Uses
Best Use
Office B
$375.0K
$328.1K – $437.5K
NOI $26,248 @ 7.0% cap · market cap 2,624,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$580.7K
$508.1K – $677.5K
NOI $40,651 @ 7.0% cap · market cap 4,065,100.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 28601, NC
53,973
Population
23,400
Households
2.3
Avg Household Size
42
Median Age
35%
College-Educated
90%
High-School Grad
47.1 sq mi
ZIP Area
1,146
Density / Sq Mi
$67,839
Median Household Income
$41,697
Median Earnings
$951
Median Rent
$236,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional upstairs office suites feature private offices and shared restrooms, with water, sewer, electricity, and trash included.
Where is this office unit located?
The property is located at 1936 16th Street NE Hickory, NC.
What are key features of this property?
This property features: 1988‑built professional office building with upstairs office suites for lease.; Suites offer private office spaces plus shared restroom facilities.; Lease includes water & sewer, electricity, and trash service.
