Highway Business Stucco
3739 Hickory Boulevard, Hudson, NC 28638
For Sale
$699,000
Freestanding, custom-built stucco building with high-end finishes and rental income.
Property Size3,675 SF
Price / SF$190.20
Days on Market671
Property Features for 3739 Hickory Boulevard
General Information
Standard status
Size
Property subtype
Amenities
Carpet Flooring
Natural Gas Heating
Wood Flooring
Building Details
Year Built
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES BLUE RIDGE REALTORS
(828) 438-3660
Listed By:
MIKE WATTS · License NC CAR22477
(828) 443-4861
Source:
Corcoran
Added: Jan 14, 2025
Changed: Aug 14
Last Checked: Aug 14 at 9:53AM
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 BERKSHIRE HATHAWAY HOMESERVICES BLUE RIDGE REALTORS
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Investment Insights
Based on property information with market context.
Located on Highway 321 with a high traffic count of 30,000 cars per day, this freestanding, custom-built stucco building offers 3,675 heated square feet and presents various business opportunities. The three-story building features architectural design, custom cabinetry, high-end finishes, and attention to detail. The main level includes cathedral ceilings, a modern design with hardwood and Amtico flooring, custom paintwork, and metal accents, along with a lobby/reception area, three offices, a conference room, a kitchen, and a bathroom. The second level features an open-concept common area, two additional offices, a bathroom, and a storage room. The finished basement, comprising 1,151 heated square feet, has a separate entrance and dedicated parking, making it suitable for rental income or expanded business use. The basement level is currently under lease until December 31, 2026. Zoned for Highway Business, this property is suitable for a variety of ventures and is available fully furnished.
Key Highlights
- Prime location on HWY 321 with high traffic (30,000 cars per day).
- Finished basement (1,151 HSF) with separate entrance, dedicated parking, and existing lease until 12‑31‑2026, providing immediate rental income.
- Zoned for Highway Business, suitable for a variety of ventures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,083
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,660
$861.7K
Cap Rate 7%
$615,471
$615.5K
Cap Rate 9%
$478,700
$478.7K
Market Conditions
NOI Build-Up for 3,675 SF
Gross rent
$73.6K $20.04/SF
− Vacancy
−$16.2K −$4.41/SF
EGI
$57.4K $15.63/SF
− OpEx
−$14.4K −$3.91/SF
NOI
$43.1K $11.72/SF
Area
Caldwell County, NC
Vacancy
22.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,660
Cap Rate 7%
$615,471
Cap Rate 9%
$478,700
Alternative Uses
Best Use
Office B
$615.5K
$538.5K – $718.1K
NOI $43,083 @ 7.0% cap · market cap 6.16%
Second Best
Retail
$528.1K
$462.1K – $616.1K
NOI $36,967 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$838.7K
$733.8K – $978.4K
NOI $58,706 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 28638, NC
11,880
Population
4,961
Households
2.4
Avg Household Size
44
Median Age
19%
College-Educated
84%
High-School Grad
20.0 sq mi
ZIP Area
594
Density / Sq Mi
$58,914
Median Household Income
$36,330
Median Earnings
$693
Median Rent
$174,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Freestanding, custom-built stucco building with high-end finishes and rental income.
Where is this office building located?
The property is located at 3739 Hickory Boulevard Hudson, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime location on HWY 321 with high traffic (30,000 cars per day).; Finished basement (1,151 HSF) with separate entrance, dedicated parking, and existing lease until 12‑31‑2026, providing immediate rental income.; Zoned for Highway Business, suitable for a variety of ventures.
