Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    585 11th St NW Hickory, NC

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

    74,356 SF warehouse suitable for distribution and warehousing.

    Type:INDUSTRIAL
    Property size:
    74,356 SF
    Lot size:
    4.18 Acres
    Added:
    Jun 1, 2025
    Days on Market:
    308
    Last Refresh:
    Apr 1 at 9:03 pm

    Property Features for 585 11th St NW

    General Information

    Standard status
    Active
    Size
    74,356 SF
    Lot size
    4.18 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Scott Mladenik
    Scott Mladenik

    Listing agent Scott Mladenik License #NC 276355

    Listing office RE/MAX Executive

    Listing date Jun 1, 2025

    Source Moodyscre

    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 RE/MAX Executive

    Overview

    Hickory Warehouse with Elevator Access

    This warehouse, located one mile north of the intersection of 321 Highway and I-40 Interstate in Hickory, NC, encompasses approximately 74,356 square feet. It features elevator access, making it suitable for distribution and warehousing purposes. The main section covers 22,000 square feet and has climate control. Ceiling heights range from 12' to 18'. The facility is equipped with 5 dock-high loading doors, 1 drive-in door, a wet sprinkler system, LED lighting, and ample parking. Recent improvements have been made to the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Morelux Lighting USA Warehouse & Storage Fiber and Yarn Products Industrial Manufacturer

    Suggested Use

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

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

    Similar Places Nearby

    • Thornburg & Associates, Inc. — 638 4th St SW, Hickory, NC 28602
    • Catawba Valley Self Storage — 1830 1st Ave SW, Hickory, NC 28602
    • Catawba Self Storage — 840 14th St Dr SW, Hickory, NC 28602
    • J & J STORAGE — 751 1st Ave SW, Hickory, NC 28602
    • AAA Mini Storage - Hickory — 840 14th St Dr SW, Hickory, NC 28602

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3604
    Latitude
    35.7409

    Nearby Similar for Sale

    • $470,000

      Hickory Commercial Property with Vacant Lot

      Commercial building near downtown Hickory with development potential.
      729 1st Avenue SW, Hickory, NC 28602
      View Details
    • $750,000

      Hickory Commercial Building For Sale

      Well-maintained commercial building near downtown Hickory with office and warehouse.
      731 Main Avenue SW, Hickory, NC 28602
      View Details
    • $1,675,000

      Hickory Industrial Warehouse Opportunity

      72,557 SF industrial warehouse on nearly 2 acres in Hickory.
      719 Old Lenoir Road, Hickory, NC 28601
      View Details
    • $995,000

      Hickory Commercial Building with Warehouse

      Remodeled commercial building with office, retail, and warehouse space.
      706 Main Avenue NW, 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
    • $2,400,000

      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

      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
    • $400,000

      Hickory Multi-Family Home

      Multi-family home on a 0.67-acre lot in Hickory, NC.
      615 11th Street SW, Hickory, NC 28602
      View Details
    • $469,000

      Modern Duplex in Hickory, NC

      New construction duplex with modern finishes, ideal for investors.
      1141 & 1143 12th Street Drive SW, 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
    • $747,000

      Hickory Commercial Property with Potential

      Commercial property in Hickory with business potential and multiple office spaces.
      941 3rd Avenue NW, Hickory, NC 28601
      View Details
    • $750,000
      600 SF

      Hickory NC Multifamily Investment

      Multifamily investment opportunity with 10 units on approximately 2.4 acres.
      303 37th Street SW, Hickory, NC 28602
      View Details

    FAQs

    What type of property is this?
    Warehouse - 74,356 SF warehouse suitable for distribution and warehousing.
    Where is this warehouse located?
    The property is located at 585 11th St NW Hickory, NC.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Located one mile from I‑40 and Highway 321; Approximately 74,356 square feet of space; Features a **22,000 SF climate‑controlled section**
    (708) 609-6923 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Mladenik
    Scott Mladenik
    Real Estate License ID: NC 276355
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!