Industrial Flex Parcel with
4501 River Rd Hickory, NC 28602
4501 River Rd, Hickory, NC, 28602
$2,000,000
For Sale
$2,000,000
6,000 SF metal building with ground-level roll-up door and yard area on a highway-accessible mixed-use parcel.
Property Size6,000 SF
Lot Size5.16 Acres
Price / SF$333.33
Days on Market64
Property Features for 4501 River Rd
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 5.16 Acres
Listing agency
Boyd & Hassell Industrial-Commercial
(828) 234-7676
Listed by
Gavin Mitchell · License #218225
(828) 234-7676
Source
Exprealty
Added: May 19 Updated: Jul 21 at 6:29AM Checked: Jul 21 at 6:29AM
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 Boyd & Hassell Industrial-Commercial
Investment Insights
Based on property information with market context.
This hard-to-find commercial mixed-use parcel includes an existing 6,000 SF metal building designed for commercial, retail, service, and mixed-use activity. The warehouse features a 10' x 10' ground level door and 12–14' clear height. The 5.16-acre site includes outdoor space for yard storage, and may support expansion or redevelopment in line with the property’s intended uses.
The parcel is positioned along one of the Catawba Valley’s most-traveled corridors with direct access and exceptional exposure. The property is zoned 321-ED(MX) with an ED-O overlay, built for development along Hwy 321, and it benefits from significant new residential development underway nearby.
For buyers seeking an existing warehouse improvement with room for outdoor storage and future changes, this property offers immediate utility alongside a site that can accommodate additional site planning needs.
The parcel is positioned along one of the Catawba Valley’s most-traveled corridors with direct access and exceptional exposure. The property is zoned 321-ED(MX) with an ED-O overlay, built for development along Hwy 321, and it benefits from significant new residential development underway nearby.
For buyers seeking an existing warehouse improvement with room for outdoor storage and future changes, this property offers immediate utility alongside a site that can accommodate additional site planning needs.
Key Highlights
- 6,000 SF metal building on a 5.16‑acre mixed‑use commercial parcel with highway access.
- Zoned 321‑ED(MX) with ED‑O overlay for commercial, retail, service, and mixed‑use development.
- Building includes a 10' x 10' ground‑level door and 12–14' clear height in the warehouse.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $16.80 |
| − Vacancy | −$7.3k | −$1.21 |
| EGI | $93.5k | $15.59 |
| − OpEx | −$28.1k | −$4.68 |
| NOI | $65.5k | $10.91 |
6,000 SF · lease $16.80/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$935.4K
$818.5K – $1.09M
NOI $65,480 @ 7.0% cap · market cap 3.27%
Second Best
Flex RnD
$873.4K
$764.3K – $1.02M
NOI $61,140 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,688 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Velocity Storage Solutions, ...
Construction Company
velocity storage
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 6,000 SF metal building with ground-level roll-up door and yard area on a highway-accessible mixed-use parcel.
Where is this flex space located?
The property is located at 4501 River Rd Hickory, NC.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 6,000 SF metal building on a 5.16‑acre mixed‑use commercial parcel with highway access.; Zoned 321‑ED(MX) with ED‑O overlay for commercial, retail, service, and mixed‑use development.; Building includes a 10' x 10' ground‑level door and 12–14' clear height in the warehouse.
