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

    7537 Faith Olive Church Road Hickory, NC 28602

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

    Distressed property in Hickory, sold as-is, cash or hard money.

    Added:
    May 30, 2025
    Days on Market:
    308
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 7537 Faith Olive Church Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    CYNTHIA HEGLER

    Listing agent CYNTHIA HEGLER

    Listing office SOUTHERN HOME GROUP REALTY LLC

    Listing date May 30, 2025

    Source Corcoran

    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 SOUTHERN HOME GROUP REALTY LLC

    Overview

    Hickory Distressed Property for Sale

    This property, located in Hickory, North Carolina, is being offered for sale as an investment opportunity. It is categorized as distressed commercial real estate and is sold as-is. The seller has not taken possession of the property and makes no representations regarding its condition. Prospective buyers are provided a due diligence period to fully inspect the property. Only cash or hard money buyers will be considered. All offers must include proof of funds or an approval letter from a hard money lender, along with the buyer's preferred attorney and evidence of the attorney's experience with this type of transaction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distressed commercial real ...

    Suggested Use

    HVAC Service Cosmetic Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.4415
    Latitude
    35.6523

    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
    • $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
    • $349,900

      Renovated Triplex Near Downtown Hickory

      Turnkey triplex near downtown Hickory generating $37,980 gross annual income.
      813 3rd Street Place SW unit: 1-3, Hickory, NC 28602
      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?
    Investment property - Distressed property in Hickory, sold as-is, cash or hard money.
    Where is this investment property located?
    The property is located at 7537 Faith Olive Church Road Hickory, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Due diligence period provided for buyer inspection.; Property sold as is.; Cash only or hard money buyers only.
    We can help!
    Listing Contact
    CYNTHIA HEGLER
    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!