Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1144 Lenoir Rhyne Blvd SE Hickory, NC 28602
    Property profile & analytics

    1144 Lenoir Rhyne Blvd SE, Hickory, NC 28602

    View on Map
    • Strip malls
    • 27,102 SF
    • 3.87 lot acres
    For Lease
    $6,400/Mo
    View Listing →
    Adaptable Office Space Near I-40 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 Listing
    Property ID
    US53-1709526
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $610,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1144 Lenoir Rhyne Blvd SE

    Year built
    1988
    Lot size
    3.87 lot acres
    Zone code
    C-3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    3712-14-23-6922
    APU
    371214236922

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $585,000
      Market price range: $401k - $880k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $555,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3159
    Latitude
    35.7171
    CBSA code
    25860
    CBSA name
    HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,738
    $748,400
    $1,564,200
    $2,312,600
    -
    $748,400
    $1,564,200
    $2,312,600

    Comparable in this City

    • Value Estimation
      $1,630,000
      95,509 SF

      1712 Us Hwy 70th SE

      SHOPPING CENTER, STRIP CENTER
      1712 Us Hwy 70th SE, Hickory, NC 28602
      View Details
    • Value Estimation by Request
      11,192 SF

      2321 Us Hwy 70th SE

      SHOPPING CENTER, STRIP CENTER
      2321 Us Hwy 70th SE, Hickory, NC 28602
      View Details
    • Value Estimation
      $1,620,000
      103,843 SF

      2220 Us Hwy 70th SE

      SHOPPING CENTER, STRIP CENTER
      2220 Us Hwy 70th SE, Hickory, NC 28602-5192
      View Details
    • Value Estimation by Request
      13,863 SF

      2351 Us Hwy 70th SE

      SHOPPING CENTER, STRIP CENTER
      2351 Us Hwy 70th SE, Hickory, NC 28602
      View Details
    • Value Estimation
      $600,000
      130,030 SF

      509 Us Hwy 70th SW

      SHOPPING CENTER, STRIP CENTER
      509 Us Hwy 70th SW, Hickory, NC 28602-3257
      View Details
    • Value Estimation
      $1,320,000
      130,158 SF

      2258 Us Hwy 70th SE

      SHOPPING CENTER, STRIP CENTER
      2258 Us Hwy 70th SE, Hickory, NC 28602-5191
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Commercial Property For Sale

      High-visibility commercial property with carwash and retail building.
      2540 1St Ave SW, Hickory, NC 28602
      View Details
    • Contact for pricing
      1,200 SF

      Hickory Commercial Property For Sale

      Versatile commercial property with high visibility and strong connectivity.
      121 13Th St SW, Hickory, NC 28602
      View Details
    • Contact for pricing

      Commercial Parking Lot For Sale

      0.55-acre commercial parking lot with easy highway access.
      535 7Th Avenue Pl SW, Hickory, NC 28602
      View Details
    • Contact for pricing

      Former Retail Building on Highway

      10,400 SF retail building on 0.25 AC lot.
      1240 Us Highway 70 SW, Hickory, NC 28602
      View Details
    • Contact for pricing

      Remodeled Historic Brick Home

      Completely remodeled historic brick home in Hickory's growing area.
      49 8Th St SE, Hickory, NC 28602
      View Details
    • Contact for pricing

      Commercial Land in Downtown Hickory

      1.85 acres with commercial buildings and rental income.
      229 1St Ave SE, Hickory, NC 28602
      View Details

    Similar Nearby for Lease

    • 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

      Hickory NC Retail Space

      Retail space available for rent in Hickory, North Carolina.
      1940 Us Highway 70 SE, Hickory, NC 28602
      View Details
    • Contact for pricing

      Downtown Retail Space For Rent

      Charming 800 SF retail space in Downtown Hickory.
      121 S Nc 127 Hwy, Hickory, NC 28602
      View Details
    • 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

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 373 to 177,869 SqFt.
      1960 Us Highway 70 SE, Hickory, NC 28602
      View Details
    View Listing
    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.
    1144 Lenoir Rhyne Blvd SE
    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
    1144 Lenoir Rhyne Blvd 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!