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

    39 2Nd St NW Hickory, NC 28601

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

    23,065 SF building in Downtown Hickory's Social District.

    Property size:
    23,065 SF

    Property Features for 39 2Nd St NW

    General Information

    Standard status
    Active
    Size
    23,065 SF

    Building Details

    Year built
    1941

    We can help!

    Listing Contact
    Richard Roskind
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY Listing Agent: Richard Roskind

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

    Learn more

    Overview

    Downtown Hickory Building For Sale

    Located in Downtown Hickory on the corner of 1st Ave and 2nd St NW, this 23,065 square foot building is available for sale. The building features 10-26' foot ceilings, multiple offices, a full kitchen, and large windows. Ample storage space is available on the lower level. A new roof was installed in 2021. The property is located in the new Downtown Social District and is extremely close to many businesses on Union Square. City parking is available nearby. The owner began developing a town hall food center and added a wet sprinkler system, with architectural plans available for this development.
    Location Intelligence

    Current Use by Public Records

    Integrity Financial Financial Advisor Hickory food hall Restaurant Thurman & Associates Insurance ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3399551
    Latitude
    35.7331594

    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
    • $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
    • $495,000
      0.43 Acres

      Hickory Commercial Building For Sale

      Full brick building with flexible office and workspace.
      615 Main Ave 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
    • $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
    • $2,800,000
      55,000 SF

      Updated Manufacturing Building in Hickory

      55,000 sqft updated manufacturing building on 3.26 acres.
      2146 Highland Ave NE, 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
    • $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
    • $850,000
      0.91 Acres

      Hickory Commercial Property For Sale

      Versatile property suitable for offices, education, medical, retail, or specialty.
      925 NE 5Th St NE, Hickory, NC 28601
      View Details
    • New
      $359,900
      0.18 Acres

      Updated Triplex Near Downtown Hickory

      Turnkey triplex near downtown Hickory, prime investment opportunity.
      813 3Rd Street Pl SW, Hickory, NC 28602
      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
    • $2,950,000
      20.24 Acres

      Trucking Terminal with 50 Bays

      50-bay trucking terminal for streamlined operations in the transportation industry.
      754 18Th St NE, Hickory, NC 28601
      View Details

    FAQs

    What type of property is this?
    Office building - 23,065 SF building in Downtown Hickory's Social District.
    Where is this office building located?
    The property is located at 39 2Nd St NW Hickory, NC.
    What are key features of this property?
    This property features: - Located in the new Downtown Social District and close to Union Square businesses.; - Large 23,065 square foot building with 10-26' ceilings.; - Multiple offices, full kitchen, and ample lower-level storage.
    (704) 541-5111
    Request Owner's contact information
    39 2Nd St NW Hickory, NC 28601
    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.
    39 2Nd St NW
    Hickory, NC 28601
    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
    39 2Nd St NW Hickory, NC 28601
    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
    Richard Roskind
    (704) 541-5111
    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!