Financial
Distress signals
Property profile

102 Section House Rd NW Hickory, NC 28601

FOR SALE
Manufacturing properties
Property ID
US53-1706730
125,672 SF 7.29 ac lot Built 1977
Last sale Jun 2024 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 102 Section House Road NW in Hickory is a manufacturing and warehouse facility encompassing 7.3 acres with 123,440 square feet of building area. It is zoned EM-1 and includes office space with central HVAC. The warehouse areas are configured for warehouse operations and include central HVAC in the office areas, with warehouse HVAC upgrades available. Building improvements include a replaced roof. The material-handling layout features 4 ground-level drive-in doors and 9 dock

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$3.48M
Assessed land$268k
Assessed improvement$3.22M
Effective rate0.79%

Value estimate

· Sep 2026
$2.00M
$1.80M – $2.20M
AI approach$2.00M
Submarket $/SF estimate$2.47M
NOI build-up
Gross scheduled income$992k
Vacancy & credit loss−$67k
Operating expenses−$277k
NOI · 1,481.00% cap applied$647k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$28/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$13 – $44

Cap rate analysis

How does the asset earn?
1,481.00%
$647k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
EM-1
JurisdictionCATAWBA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.5
Auto Repair Shop10.4
Auto Parts Store10.2

Location

102 Section House Rd NW Hickory, NC 28601
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
925 Old Lenoir, Hickory, NC 28601-3446 $2,225,000 Jul 2025 60,418 SF
1474 17th NE, Hickory, NC 28601-2824 $820,000 Apr 2024 43,716 SF
212 41st NW, Hickory, NC 28601-5515 $131,000 Feb 2024 6,534 SF
914 9th St NE, Hickory, NC 28601-4069 $415,000 Aug 2022 19,128 SF
3050 Main NW, Hickory, NC 28601-5663 $1,600,000 Mar 2021 101,634 SF
908 Old Lenoir, Hickory, NC 28601-3447 $1,669,500 Oct 2019 74,721 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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