Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11th Ave Ave Hickory, NC 28602
    Back to Search
    Property profile & analytics

    11th Ave Ave, Hickory, NC 28602

    View on Map
    • Land
    • 1.39 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 11th Ave Ave

    Lot size
    1.39 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 1.39-acre commercial land parcel presents a unique investment opportunity in the thriving Hickory, North Carolina market. Located at the intersection of 11th Street SW and 2nd Avenue SW, this property boasts three distinct road frontages, ensuring maximum visibility and accessibility for any commercial venture. The strategic location offers convenient access to major transportation arteries, including Highway 321 and Interstate 40, both within a five-minute radius, providing seamless connectivity for businesses and their clientele. The property is zoned C-2, opening doors to a wide range of commercial and industrial uses, subject to local regulations. The parcel's size and zoning make it ideal for a variety of development projects, from retail spaces and light industrial facilities to office buildings and other commercial enterprises. The property's prime location and versatile zoning create a compelling investment opportunity with significant potential for future growth and return. The Assessor's Parcel Number (APN) is 3702050980310000. This is a rare chance to acquire a highly visible and strategically located land parcel in a rapidly developing area of Hickory, NC. The asking price is $121,500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3569
    Latitude
    35.7295

    Comparable in this City

    • Value Estimation by Request
      4.54 Acres

      1998 Old Shelby Rd

      Land
      1998 Old Shelby Rd, Hickory, NC 28602
      View Details
    • Value Estimation by Request
      0.41 Acres

      140 9Th Street Pl

      Land
      140 9Th Street Pl, Hickory, NC 28602
      View Details
    • Value Estimation by Request

      000 13Th St

      Land
      000 13Th St, Hickory, NC 28602
      View Details
    • Value Estimation by Request
      1.01 Acres

      SE Avenue Ct

      Land
      SE Avenue Ct, Hickory, NC 28602
      View Details
    • Value Estimation by Request
      2.84 Acres

      1964 Old Shelby Rd

      Land
      1964 Old Shelby Rd, Hickory, NC 28602
      View Details
    • Value Estimation by Request
      2.67 Acres

      Tate Blvd. And Mcdonald Pkwy

      Land
      0 Tate Blvd. And Mcdonald Pkwy, Hickory, NC 28602
      View Details

    Similar Nearby for Sale

    • $800,000
      42.92 Acres

      Hickory Land Near I-40

      Unique 43-acre land opportunity near I-40 and Henry River.
      4246 Henry River Rd, Hickory, NC 28602
      View Details
    • Contact for pricing

      Land in Growing Area

      Land available in a rapidly developing location.
      0000 4Th St SW, Hickory, NC 28602
      View Details
    • $150,000
      10.01 Acres

      Hickory, NC Land Opportunity

      10+ acres in Catawba County adjoining state land.
      2219 6Th St SE, Hickory, NC 28602
      View Details
    • $175,000
      0.89 Acres

      Hickory Industrial Land - 0.89 Acres

      Ready-to-build industrial lot in Hickory, NC.
      Unit 1A, Hickory, NC 28602
      View Details
    • $109,000
      15.90 Acres

      Hickory NC Wooded Land

      15.9 acres of wooded land near I-40 and Hwy 70.
      1539 1St Street Pl SE, Hickory, NC 28602
      View Details
    • Contact for pricing
      1.00 Acre

      Hickory Retail Pad - 1 Acre

      High-traffic retail land, prime location.
      1862 Us Highway 70, Hickory, NC 28602
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hickory, NC Commercial Land Opportunity

      Prime 1-Acre Commercial Lot in Hickory
      1862 Us Highway 70, Hickory, NC 28602
      View Details
    • Contact for pricing
      1,704 SF

      Hickory Flex Space For Rent

      Flex space with loading docks and convenient transportation access.
      920 Tate Blvd SE, Hickory, NC 28602
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Land and outparcels available for lease in Hickory, NC.
      Startown Rd, 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

      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
    • $6,400 /Mo
      168,142 SF

      Adaptable Office Space Near I-40

      6,400 sq ft commercial space suitable for various business needs.
      1144 Lenoir Rhyne Blvd SE, Hickory, NC 28602
      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.
    11th Ave Ave
    Hickory, NC 28602
    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
    11th Ave Ave, 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!