Technical
Financial
Distress signals
Property profile

1130 16Th St NE Hickory, NC 28601

FOR SALE
Warehouses
Property ID
US53-2064095
18,050 SF 1.47 ac lot Built 1976
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,125-square-foot retail space is ideally situated at 1130 16th St NE in Hickory, North Carolina, within Catawba County. The property, built in 1976, sits on a generous 1.47-acre lot and is currently entirely vacant, presenting a unique opportunity for a single tenant to establish a significant presence. The building's zoning is C-2, allowing for a wide range of commercial uses. The property's substantial size offers ample space for a variety of retail concepts, providing flexibility for customization and expansion. Its location in Hickory offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent position in a thriving market. The entire 12,125 square feet is available for lease, providing a blank canvas for a new tenant to create their ideal retail environment. The property's 1976 construction provides a solid foundation for a long-term lease, with the potential for significant renovations and upgrades to meet specific business needs. Interested parties should note the property's address is 1130 16th St NE, Hickory, NC 28601. This is a rare opportunity to secure a large, well-located retail space in a desirable area. The expansive lot size also offers potential for future development or expansion, depending on the tenant's requirements and future business plans. The property's C-2 zoning ensures a wide range of permitted uses, maximizing its potential for a variety of retail businesses.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1976
Total area 18,050 SF
Lot 1.47 ac (64,033 SF)
Zoning code C-2
APN 3713-15-62-1577
UPID US53-2064095

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Interior Design
  • Big Box & Wholesale Store

Location

1130 16Th St NE Hickory, NC 28601
Hickory metro Census 10304 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$908k
Blend (final) Blend
$385k

Owner & transaction history

since 2025
Last sale
$1.3M
1 recorded transaction
2025
$1.3M

Zoning & alternative use

C-2 · Hickory, NC
Zoning description

The C-2 district is intended to establish suitable development standards for the provision of convenience goods, shopper goods and services at locations along major transportation routes that serve both local and pass th…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $1.9M +204.0%
Commercial (general) $1.8M +182.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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