Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    855 22Nd Street Pl Hickory, NC 28601
    Back to Search
    Property profile & analytics

    855 22Nd Street Pl, Hickory, NC 28601

    View on Map
    • Warehouses
    • 38,555 SF
    • 2.77 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 855 22Nd Street Pl

    Year built
    1991
    Lot size
    2.77 lot acres
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This single-tenant industrial property, located at 855 22nd St Pl SE in Hickory, North Carolina, offers 10,000 square feet of readily available warehouse space within a larger 38,555 square foot building. The property boasts a convenient location, easily accessible from McDonald Parkway and I-40 (exit 126), making it ideal for efficient logistics. Built in 1991, this Class C building sits on a 2.77-acre lot and features 14-foot clear ceilings, providing ample vertical space for storage or operations. Loading and unloading are facilitated by three dock-high doors and one drive-in door. The property also includes a wet sprinkler system for enhanced safety and a total of 12 parking spaces. Utilities are provided by Duke Energy. The property is zoned IND (Industrial) and has an APN of 371216946489. The monthly rent is $4,150, with an additional $250 for ground maintenance. The entire building is a single-story structure. Availability is March 2024, or sooner with sufficient notice. This property presents a compelling opportunity for businesses seeking efficient and well-located warehouse space in Hickory, NC.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Burke
    State
    North Carolina
    Longitude
    -81.2923
    Latitude
    35.719

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      1700 11Th Ave

      Distribution properties
      1700 11Th Ave, Hickory, NC 28601
      View Details
    • Value Estimation by Request
      15,000 SF

      1255 Hwy 321

      Distribution properties
      1255 Hwy 321, Hickory, NC 28601
      View Details
    • Value Estimation by Request
      28,570 SF

      3440 Hickory Blvd

      Distribution properties
      3440 Hickory Blvd, Hickory, NC 28601
      View Details
    • Value Estimation by Request
      100,000 SF

      2101 Main Ave

      Distribution properties
      2101 Main Ave, Hickory, NC 28601
      View Details
    • Value Estimation
      $6,765,000
      129,280 SF

      401 11th NW St

      WAREHOUSE, STORAGE
      401 11th NW St, Hickory, NC 28601-4750
      View Details
    • Value Estimation by Request
      6,000 SF

      5015 Hickory Blvd

      WAREHOUSE, STORAGE
      5015 Hickory Blvd, Hickory, NC 28601
      View Details

    Similar Nearby for Sale

    • $3,500,000

      Hickory Warehouse Near I-40

      74,356 SF warehouse with climate control and recent improvements.
      585 11Th Street Cir Northwest, Hickory, NC 28601
      View Details
    • Contact for pricing
      74,356 SF

      Hickory Warehouse with Elevator Access

      74,356 SF warehouse suitable for distribution and warehousing.
      585 11Th St NW, Hickory, NC 28601
      View Details
    • Contact for pricing
      72,557 SF

      Hickory NC Industrial Warehouse

      72,557 SF industrial warehouse on nearly 2 acres.
      719 Old Lenoir Rd, Hickory, NC 28601
      View Details
    • $2,400,000
      55,000 SF

      Updated Manufacturing Building in Hickory

      55,000 sqft updated manufacturing building ready for new use.
      2146 Highland Ave NE, Hickory, NC 28601
      View Details
    • Contact for pricing
      10,000 SF

      Hickory Office and Retail Space

      10,000 SqFt office and retail space available for sale.
      706 Main Ave NW, Hickory, NC 28601
      View Details
    • $399,900
      0.12 Acres

      Historic Hickory Granary Office Space

      Commercial shell space in historic Hickory Granary, customize to your needs.
      526 8Th St NE, Hickory, NC 28601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Adaptable Warehouse Space Available

      Versatile warehouse space suitable for storage, distribution, and logistics.
      585 11Th Street Cir Northwest, Hickory, NC 28601
      View Details
    • Contact for pricing

      Spacious Commercial Property Near University

      Versatile 10,000+ SF commercial space near Lenoir-Rhyne University.
      391 10Th Avenue Dr Ne, Hickory, NC 28601
      View Details
    • $9 SF/Yr
      39,640 SF

      Hickory Commercial Property For Rent

      Versatile commercial property suitable for offices, retail, medical, or education.
      925 NE 5Th St NE, Hickory, NC 28601
      View Details
    • $1,050 /Mo
      5,227 SF

      Hickory Office Space For Rent

      Office spaces with high visibility and flexible layouts available for rent.
      75 Rink Dam Rd, Hickory, NC 28601
      View Details
    • $19 SF/Yr
      6,640 SF

      Two-Floor Office Space Available

      Two full floors available for immediate lease in Hickory.
      2810 16Th St NE, Hickory, NC 28601
      View Details
    • Contact for pricing
      36,520 SF

      Regional Shopping Center Retail Space

      Retail spaces available in Hickory's Belle Hollow shopping center.
      2982-3022 N Center St, Hickory, NC 28601
      View Details
    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.
    855 22Nd Street Pl
    Hickory, NC 28601
    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
    855 22Nd Street Pl, Hickory, NC, 28601
    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!