Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1970 Old Shelby Rd Hickory, NC 28602

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10.66 acres of industrial land with flexible zoning.

    Lot size:
    10.66 Acres

    Property Features for 1970 Old Shelby Rd

    General Information

    Standard status
    Active
    Zoning
    I
    Lot size
    10.66 Acres

    We can help!

    Listing Contact
    Kurt Hediger
    Source: Crexi

    Listing Agency: Graystone Capital Advisors Listing Agent: Kurt Hediger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Hickory Industrial Outdoor Storage Site

    This industrial outdoor storage site in Hickory, NC, encompasses 10.66 acres across two contiguous parcels. Zoned IND, the property benefits from highly flexible industrial use permissions, allowing a wide range of by-right uses such as self-storage, warehouse, distribution, fleet parking, outdoor storage, manufacturing, and equipment yard operations, with minimal restrictions. The site is located less than 600 feet from I-40, providing access to Charlotte, Winston-Salem, Greensboro, and the broader Southeast logistics network. The property, delivered with a gravel drive and partial fencing, is suitable for owner-users, IOS operators, equipment rental groups, service contractors, or developers seeking a repositioning opportunity in a growing industrial corridor.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom Storage Facility Discount Store Electrical Service (Bike/Boat/Book/etc) Store Home Appliance Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3908612
    Latitude
    35.7021582

    Nearby Similar for Sale

    • $470,000
      4,000 SF

      Hickory Commercial Property with Vacant Lot

      Commercial building near downtown Hickory with development potential.
      729 1St Ave SW, Hickory, NC 28602
      View Details
    • $995,000
      5,500 SF

      Hickory Commercial Building with Warehouse

      Remodeled commercial building with office, retail, and warehouse space.
      706 Main Ave NW, Hickory, NC 28601
      View Details
    • $599,900
      1.77 Acres

      Hickory Commercial Property For Sale

      Commercial property with furniture store, restaurant, and storage building.
      3506 Springs Rd NE, Hickory, NC 28601
      View Details
    • $1,760,000
      72,557 SF

      Hickory Industrial Warehouse Opportunity

      72,557 SF industrial warehouse on nearly 2 acres in Hickory.
      719 Old Lenoir Rd, Hickory, NC 28601
      View Details
    • $399,900
      0.12 Acres

      Historic Hickory Granary Office Space

      Commercial shell space in historic Hickory Granary, customize to your needs.
      526 8Th St NE, Hickory, NC 28601
      View Details
    • $747,000
      0.28 Acres

      Hickory Commercial Property with Potential

      Commercial property in Hickory with business potential and multiple office spaces.
      941 3Rd Ave NW, Hickory, NC 28601
      View Details
    • $349,900
      0.18 Acres

      Renovated Triplex Near Downtown Hickory

      Turnkey triplex near downtown Hickory generating $37,980 gross annual income.
      813 3Rd Street Pl SW, Hickory, NC 28602
      View Details
    • $415,000
      0.67 Acres

      Hickory Multi-Family Home

      Multi-family home on a generous 0.67-acre lot.
      615 11Th St SW, Hickory, NC 28602
      View Details
    • $199,000
      5,120 SF

      Warehouse Building with Business Opportunities

      5120 Sq Ft warehouse with C 2 zoning.
      1510 10Th Ave SW, Hickory, NC 28602
      View Details
    • New
      $2,400,000
      55,000 SF

      Updated Manufacturing Building in Hickory

      55,000 sqft updated manufacturing building ready for new use.
      2146 Highland Ave NE, Hickory, NC 28601
      View Details
    • New
      $2,195,000
      20.24 Acres

      Trucking Terminal with 50 Bays

      50-bay trucking terminal for operational excellence in transportation industry.
      754 18Th St NE, Hickory, NC 28601
      View Details
    • $1,199,000
      11.09 Acres

      Lakefront Home with Acreage Potential

      Lakefront home on 11+ acres with development potential.
      4749 16Th Street Dr NE, Hickory, NC 28601
      View Details

    FAQs

    What type of property is this?
    Industrial land - 10.66 acres of industrial land with flexible zoning.
    Where is this industrial land located?
    The property is located at 1970 Old Shelby Rd Hickory, NC.
    What are key features of this property?
    This property features: - 10.66-acre industrial outdoor storage (IOS) site.; - Zoned IND with flexible industrial use permissions including self-storage, warehouse, distribution, fleet parking, outdoor storage, manufacturing, and equipment yard operations.; - **Exceptional access to I-40 (less than 600 feet).**
    Request Owner's contact information
    1970 Old Shelby Rd Hickory, NC 28602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1970 Old Shelby Rd
    Hickory, NC 28602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1970 Old Shelby Rd Hickory, NC 28602
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kurt Hediger
    Real Estate License ID: 01846649
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!