Office Unit with
For Sale
Contact for pricing
820 2nd Avenue SW, Hickory, NC 28602
C-2 zoning and a private bathroom complement a compact layout for professional office use.
Property Size1,980 SF
Days on Market25
Property Features for 820 2nd Avenue SW
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Office
Zoning
C-2
Additional Details
Highway Access
Yes
Office Units
1
Property Use
Office
Amenities
Cleared, Level, Paved
Fiberglass
Public Sewer
Additional parcels description:, Parcel Number: 370205280976, Assessed Value: $71,600, Zoning: C-2
Vinyl
Central Air
Heat Pump
Listing ID: CAR4429925, Standard Status: Active, MLS Status: Active, Property Subtype: Office, 2 days on market
4 total parking spaces, Assigned, Parking Lot, Parking Space(s)
Built in 1980, Construction Materials: Vinyl
County/Parish: Catawba
Cable Available, Electricity Connected, Underground Utilities, Water Source: City
Slab
Cable TV, Electricity, Internet
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Front Porch
Building Details
Building Size
1,980 SF
Year Built
1980
Listing Agency:
828 Real Estate Services
(828) 234-0490
Listed By:
Marianna Geyer · License #189433
(888) 584-9431
Source:
Blackstreaminternational
Added: Oct 6
Changed: Oct 29
Last Checked: Oct 9 at 6:40PM
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 828 Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1980, this office unit is arranged with three offices, a small kitchenette, and a bathroom. C-2 zoning supports professional uses within the space.
At 820 2nd Avenue SW in Hickory, the property is within walking distance of City Walk and Union Square. Hwy 321 and Interstate 40 provide access for commuters.
At 820 2nd Avenue SW in Hickory, the property is within walking distance of City Walk and Union Square. Hwy 321 and Interstate 40 provide access for commuters.
Key Highlights
- Three‑office layout with a small kitchenette and bathroom
- C‑2 zoning
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,142
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,840
$522.8K
Cap Rate 7%
$373,457
$373.5K
Cap Rate 9%
$290,467
$290.5K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$42.8K $21.60/SF
− Vacancy
−$7.9K −$4.00/SF
EGI
$34.9K $17.60/SF
− OpEx
−$8.7K −$4.40/SF
NOI
$26.1K $13.20/SF
Area
Catawba County, NC
Vacancy
18.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,840
Cap Rate 7%
$373,457
Cap Rate 9%
$290,467
Alternative Uses
Best Use
Office B
$373.5K
$326.8K – $435.7K
NOI $26,142 @ 7.0% cap · market cap 1,742.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$578.4K
$506.1K – $674.8K
NOI $40,487 @ 7.0% cap · market cap 2,699.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
Explore this area
Business Placement
Demographics for 28602, NC
29,184
Population
12,941
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
70.7 sq mi
ZIP Area
413
Density / Sq Mi
$56,031
Median Household Income
$36,519
Median Earnings
$830
Median Rent
$180,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - C-2 zoning and a private bathroom complement a compact layout for professional office use.
Where is this office unit located?
The property is located at 820 2nd Avenue SW Hickory, NC.
What are key features of this property?
This property features: Three‑office layout with a small kitchenette and bathroom; C‑2 zoning; Built in 1980
