C-3 Mixed-Use
New
For Sale
$499,000
2210 19th Avenue SE, Hickory, NC 28602
Commercial Sale, Hickory, NC
Property Size3,000 SF
Lot Size0.72 Acres
Price / SF$166.33
Days on Market2
Property Features for 2210 19th Avenue SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-3
Rooms
Basement
Patio and Porch features
Porch
Basement
Partially Finished, Storage Space, Interior Entry, Full, Walk-Out Access, Exterior Entry
Appliances
Dishwasher, Gas Range, Microwave, Refrigerator with Ice Maker
Standard status
Active
APN
371112779310
Lot size
0.72 Acres
Taxes and HOA fees
Tax Description
LOT 25-29 2210 19TH AVE SE PL 6-89
Legal Description
LOT 25-29 2210 19TH AVE SE PL 6-89
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1959
Flooring type
Tile, Wood
Listing Agency:
Realty Executives of Hickory
(828) 328-8900
Listed By:
Janee Krauth
(828) 270-9673
Added: Aug 28
Last Checked: Aug 29 at 10:06AM
MLS# 4418191
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes a brick ranch-style building constructed in 1959, with a full basement, multiple finished rooms, three full bathrooms, an updated kitchen, wood and tile flooring, storage areas, a carport, and a basement garage or workshop. Central air, heat-pump heating, a porch, and listed kitchen appliances are also included.
Zoned C-3 Regional Commercial by the City of Hickory, the property retains an existing legal, non-conforming single-family residential use that may continue after a sale without special permission or a permit. The site is served by a private well and septic system, while public water and sewer are available for connection. Access to I-40 and nearby retail, dining, medical, and business corridors is identified in the property information. Any proposed use remains subject to applicable city requirements and approvals.
Zoned C-3 Regional Commercial by the City of Hickory, the property retains an existing legal, non-conforming single-family residential use that may continue after a sale without special permission or a permit. The site is served by a private well and septic system, while public water and sewer are available for connection. Access to I-40 and nearby retail, dining, medical, and business corridors is identified in the property information. Any proposed use remains subject to applicable city requirements and approvals.
Key Highlights
- 0.72‑acre mixed‑use property at 2210 19th Avenue SE, Hickory, NC 28602
- C‑3 Regional Commercial zoning by the City of Hickory
- 1959 brick ranch with a full basement and multiple finished rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,609
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,180
$792.2K
Cap Rate 7%
$565,843
$565.8K
Cap Rate 9%
$440,100
$440.1K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$64.8K $21.60/SF
− Vacancy
−$12.0K −$4.00/SF
EGI
$52.8K $17.60/SF
− OpEx
−$13.2K −$4.40/SF
NOI
$39.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,180
Cap Rate 7%
$565,843
Cap Rate 9%
$440,100
Alternative Uses
Best Use
Office B
$565.8K
$495.1K – $660.2K
NOI $39,609 @ 7.0% cap · market cap 7.94%
Second Best
Mixed Use
$433.9K
$379.7K – $506.3K
NOI $30,375 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$876.3K
$766.8K – $1.02M
NOI $61,344 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick ranch improvements with basement space, established residential rights, and commercial zoning for approved uses.
Where is this mixed-use property located?
The property is located at 2210 19th Avenue SE Hickory, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 0.72‑acre mixed‑use property at 2210 19th Avenue SE, Hickory, NC 28602; C‑3 Regional Commercial zoning by the City of Hickory; 1959 brick ranch with a full basement and multiple finished rooms
