Warehouse with Loading
1943 & 1939 1st Avenue SW, Hickory, NC 28602
For Sale
Contact for pricing
The building includes both dock and drive-in loading access, with room for parking.
Property Size3,600 SF
Price / SF$125
Days on Market26
Property Features for 1943 & 1939 1st Avenue SW
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Warehouse & Industrial
Dock-High Doors
Drive-In Doors
Amenities
loading dock
drive in door
Building Details
Building Size
Listing Agency:
Commercial First
Listed By:
Shana White · License #NC 285523
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 4:58PM
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 Commercial First
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property comprises approximately 3,600 square feet and has one loading dock plus one drive-in door. The site also has room for parking.
The property is on 1st Avenue SW in Southwest Hickory, with access to I-40 and other major thoroughfares.
The property is on 1st Avenue SW in Southwest Hickory, with access to I-40 and other major thoroughfares.
Key Highlights
- Approximately 3,600 square feet
- One loading dock and one drive‑in door
- Room for parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,929
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,580
$458.6K
Cap Rate 7%
$327,557
$327.6K
Cap Rate 9%
$254,767
$254.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$28.9K $8.04/SF
− Vacancy
−$2.0K −$0.55/SF
EGI
$27.0K $7.49/SF
− OpEx
−$4.0K −$1.12/SF
NOI
$22.9K $6.37/SF
Area
Catawba County, NC
Vacancy
6.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,580
Cap Rate 7%
$327,557
Cap Rate 9%
$254,767
Alternative Uses
Best Use
Warehouse
$327.6K
$286.6K – $382.2K
NOI $22,929 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$920.2K – $1.23M
NOI $73,613 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Well-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
$180,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Catawba County, NC
Properties on Market for Warehouses in Catawba County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Catawba Self Storage — 840 14th St Dr SW, Hickory, NC 28602
- AAA Mini Storage - Hickory — 840 14th St Dr SW, Hickory, NC 28602
- CC Storage Hky — 343 23rd St SW, Hickory, NC 28602
- Longview Storage — 209 23rd St SW, Hickory, NC 28602
- Star Self Storage — 2350 Main Ave NW, Hickory, NC 28601
Frequently Asked Questions
What type of property is this?
Warehouse - The building includes both dock and drive-in loading access, with room for parking.
Where is this warehouse located?
The property is located at 1943 & 1939 1st Avenue SW Hickory, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 3,600 square feet; One loading dock and one drive‑in door; Room for parking
