Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Development Land Parcel Title is generated by Realmo AI

    230 Cape Hickory Road, Hickory, NC 28601

    View on Map
    Claim this Listing
    New
    For Sale
    $239,000

    LAND - Hickory, NC

    Lot size:
    5.65 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 230 Cape Hickory Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-2
    Exterior features
    Storage
    Standard status
    Active
    APN
    2783606205
    Lot size
    5.65 Acres

    Taxes and HOA fees

    Tax Description
    REID: 38922

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Additional Structures
    Storage

    We can help!

    Listing Contact
    Floyd Humphreys
    Floyd Humphreys

    Listing agent Floyd Humphreys License #213882

    Listing office Realty Executives of Hickory 785 Hwy 70 SW, Hickory, NC

    Listing date Jun 3, 2026

    MLS# 4386351 Listing URL

    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.

    HighLights

    • 5.65‑acre level property across two parcels on Cape Hickory Road (3.83 acres and 1.82 acres)
    • Cleared area along Cape Hickory Road with mature hardwoods at the rear
    • Public water and public sewer available
    • Property abuts the Pine Meadows single‑family home development
    • Duke Energy easement located in the SE portion of the property
    • Approximately 1/2 mile from Main Avenue in Longview

    Overview

    This offering consists of two parcels totaling 5.65 acres of mostly level land. A large portion fronting Cape Hickory Road is cleared, while the rear includes mature hardwood trees that add established character to the site. The property also contains a section of the SE area subject to a Duke Energy easement, which should be considered when planning layout and improvements.

    The property is located on Cape Hickory Road and is described as approximately a half-mile from Main Avenue in Longview. It abuts the Pine Meadows single-family home development, creating a straightforward transition for residential uses. The adjacency to an existing residential neighborhood can be beneficial for developers evaluating market fit and site planning.

    Given the combination of level acreage, partial clearing, and immediate neighboring single-family development, this land is positioned as an ideal option for residential subdivision or related housing plans. Prospective buyers should review the Duke Energy easement area during due diligence to confirm final use and development configurations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.4044791
    Latitude
    35.7326275

    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 Avenue SW, Hickory, NC 28602
      View Details
    • $850,000

      Hickory Commercial Property Opportunity

      Versatile property suitable for offices, retail, medical, or education.
      925 NE 5th Street NE, Hickory, NC 28601
      View Details
    • $385,000

      Well-Maintained Duplex in Hickory, NC

      Desirable duplex with long-term tenants, full brick exterior, and upgrades.
      328-330 3rd Avenue SE, Hickory, NC 28602
      View Details
    • $2,400,000
      55,000 SF

      Updated Manufacturing Building in Hickory

      55,000 sqft updated manufacturing building ready for new use.
      2146 Highland Avenue NE, Hickory, NC 28601
      View Details
    • $399,900

      Duplex with Lake Hickory Views

      Charming duplex with year-round lake views near Lake Hickory.
      500 Steel Bridge Loop, Hickory, NC 28601
      View Details
    • $175,000

      Hickory, NC Buildable Land

      1.06-acre CC-2 zoned parcel in a key growth node.
      Springs Road NE, Hickory, NC 28601
      View Details
    • $599,900

      Hickory Commercial Property For Sale

      Commercial property with furniture store, restaurant, and storage building.
      3506 Springs Road NE, Hickory, NC 28601
      View Details
    • $325,000

      Waterfront Lot with Dock Permit

      Pristine waterfront lot with approved dock permit in Hickory.
      3431 6th Street Drive NW, Hickory, NC 28601
      View Details
    • $399,000

      34 Acres Near Highway 127

      34-acre land parcel near Highway 127, minutes from downtown Hickory.
      2295 1st Street SE, Hickory, NC 28602
      View Details
    • $675,000
      600 SF

      Hickory NC Multifamily Investment Opportunity

      Multifamily investment opportunity featuring 12 units on approximately 2.5 acres.
      218 37th Street SW, Hickory, NC 28602
      View Details
    • $442,750

      Hickory Land with Highway Access

      3.85 acres with exceptional access to major highways and amenities.
      Short Road, Hickory, NC 28602
      View Details
    • $399,900

      Historic Hickory Granary Office Space

      Commercial shell space in historic Hickory Granary, customize to your needs.
      526 8th Street NE, Hickory, NC 28601
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Level cleared acreage with mature hardwoods offers a practical site for residential development near Pine Meadows.
    Where is this residential land & home lot located?
    The property is located at 230 Cape Hickory Road Hickory, NC.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: 5.65‑acre level property across two parcels on Cape Hickory Road (3.83 acres and 1.82 acres); Cleared area along Cape Hickory Road with mature hardwoods at the rear; Public water and public sewer available
    (828) 446-0683
    We can help!
    Listing Contact
    Floyd Humphreys
    Floyd Humphreys
    Real Estate License ID: 213882
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    230 Cape Hickory Road, Hickory, NC 28601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!