Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Spaces Available For Rent Title is generated by Realmo AI

    1960 US Hwy 70 SE, Hickory, NC 28602

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail spaces available, ranging from 373 to 177,869 SqFt.

    Type:Retail
    Property size:
    177,869 SF
    Added:
    Jun 13, 2023
    Days on Market:
    1087
    Last Refresh:
    May 12 at 8:50 pm

    Property Features for 1960 US Hwy 70 SE

    General Information

    Standard status
    Active
    Size
    177,869 SF
    Property subtype
    Retail

    Spaces For Lease

    at 1960 US Hwy 70 SE Contact us

    We can help!

    Listing Contact
    Igal Nassim

    Listing agent Igal Nassim License #NY 10311202380

    Listing office Mason Asset management

    Listing date Jun 13, 2023

    Source Crexi

    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 Mason Asset management

    HighLights

    • Retail property suitable for various business types.
    • Wide range of space sizes available, from 373 SqFt to 177,869 SqFt.
    • 46 spaces available, offering numerous options.
    • Property suitable for both small and large businesses.
    • Versatile property suitable for a variety of retail purposes.
    • Potential for customization and adaptation to specific business needs.

    Overview

    This property offers multiple retail spaces for rent, with 46 spaces currently available. The spaces range in size from 373 square feet to 177,869 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    The White Barn Candle ... Home Decor Store Kay Jewelers (Bike/Boat/Book/etc) Store Avis Car Rental Car Rental Facility Chick-fil-A Take-out & Catering US Marine Corps ... Military Recruiting Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop 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
    -81.304812
    Latitude
    35.703461

    Nearby Similar for Lease

    • $6,400/Mo
      6,400 SF

      Adaptable Office Space Near I-40

      6,400 sq ft commercial space suitable for various business needs.
      1144 Lenoir Rhyne Boulevard SE, Hickory, NC 28602
      View Details
    • $2,500/Mo

      Hickory Retail Space For Rent

      Versatile retail space on high-traffic Springs Road in Hickory, NC.
      2906 Springs Road NE, Hickory, NC 28601
      View Details
    • $9 SF/Yr

      Hickory Commercial Property For Rent

      Versatile commercial property suitable for offices, retail, medical, or education.
      925 NE 5th Street NE, Hickory, NC 28601
      View Details
    • $900/Mo
      800 SF

      Downtown Retail Space For Rent

      Charming 800 SF retail space in Downtown Hickory.
      121 S Nc 127 Hwy, Hickory, NC
      View Details
    • $1,050/Mo

      Hickory Office Space For Rent

      Office spaces with high visibility and flexible layouts available for rent.
      75 Rink Dam Road, Hickory, NC 28601
      View Details
    • $19 SF/Yr
      19,832 SF

      Two-Floor Office Space Available

      Two full floors available for immediate lease in Hickory.
      2810 16th St NE, Hickory, NC 28601
      View Details
    • $10,000/Mo
      10,000 SF

      Spacious Commercial Property Near University

      Versatile 10,000+ SF commercial space near Lenoir-Rhyne University.
      391 10th Avenue Dr Ne, Hickory, NC, 28601-2647
      View Details
    • Contact for pricing

      Retail Space in Hickory, NC

      Retail space available at Valley Hills Mall on Highway 70.
      1940 US Highway 70 SE, Hickory, NC 28602
      View Details
    • Contact for pricing
      60,152 SF

      Premier Headquarters Space in Hickory

      High-quality office space in a well-established business park.
      2415 Century Pl SE, Hickory, NC 28602
      View Details
    • Contact for pricing
      74,356 SF

      Adaptable Warehouse Space Available

      Versatile warehouse space suitable for storage, distribution, and logistics.
      585 11th Street Northwest, Hickory, NC 28601
      View Details
    • $12 SF/Yr
      1,968 SF

      Hickory Flex Space For Rent

      Flex space with loading docks and convenient transportation access.
      920 Tate Blvd SE, Hickory, NC
      View Details
    • Contact for pricing
      9,627 SF

      Hickory Office Space For Rent

      Office space available with shared amenities and ample parking.
      1507 7th Street Southeast, Hickory, NC, 28602
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available, ranging from 373 to 177,869 SqFt.
    Where is this retail space located?
    The property is located at 1960 US Hwy 70 SE Hickory, NC.
    What are key features of this property?
    This property features: Retail property suitable for various business types.; Wide range of space sizes available, from **373 SqFt to 177,869 SqFt.**; 46 spaces available, offering numerous options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Igal Nassim
    Real Estate License ID: NY 10311202380
    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

    Thank You for Inquiry
    1960 US Hwy 70 SE, Hickory, NC 28602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!