Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1351 Ctr St Hickory, NC 28601-2535

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1351 Ctr St Hickory, NC 28601-2535

    View on Map
    • Office properties & Spaces
    • 2,100 SF
    • 0.05 lot acres
    Off-Market
    Property ID
    US53-3910446
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maxim Healthcare Services / Home Health Care Service / Nursing Agency
    • King Law / Law Firm
    • Hickory Discount Porta Potty Rental / Building Supply

    Property Details for 1351 Ctr St

    Year built
    2009
    Lot size
    0.05 lot acres
    Property size
    2,100 SF
    Zone code
    PD
    Property type
    Office properties & Spaces
    APN
    3703-11-66-2048
    APU
    370311662048

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3383
    Latitude
    35.75
    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
    $1,984
    $38,900
    $193,600
    $232,500
    -
    $38,900
    $193,600
    $232,500

    Comparable in this City

    • Value Estimation by Request
      4,436 SF

      118 3Rd Ave

      Retail properties & Spaces • 4,436 SF
      118 3Rd Ave, Hickory, NC 28601
      View Details
    • Value Estimation by Request
      1,564 SF

      104 3rd St Ned

      CONDOMINIUM OFFICES • 1,564 SF
      104 3rd St Ned, Hickory, NC 28601-5145
      View Details
    • Value Estimation by Request
      820 SF

      929 15th St Ne Ste, Unit 440

      CONDOMINIUM OFFICES • 820 SF
      929 15th St Ne Ste, Hickory, NC 28601-4162
      View Details
    • Value Estimation
      $1,085,000
      10,834 SF

      420 3rd Ave Nw Ste A

      CONDOMINIUM OFFICES • 10,834 SF
      420 3rd Ave Nw Ste A, Hickory, NC 28601-4984
      View Details
    • Value Estimation by Request
      0.76 Acres

      15th Ave Dr

      Land • 0.76 Acres
      15th Ave Dr, Hickory, NC 28601
      View Details
    • Value Estimation by Request
      1,578 SF

      1410 4th St Dr Nw Ste, Unit 102

      CONDOMINIUM OFFICES • 1,578 SF
      1410 4th St Dr Nw Ste, Hickory, NC 28601-2573
      View Details

    Similar Nearby for Sale

    • $995,000
      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
    • $747,000
      3,500 SF

      Hickory Commercial Property with Offices

      Commercial property in Hickory with potential for multiple office spaces.
      941 3Rd Ave NW, Hickory, NC 28601
      View Details
    • $699,900

      Historic Queen Anne Hospitality House

      1897 Queen Anne in Hickory's Claremont Historic District.
      121 5Th Ave NE, Hickory, NC 28601
      View Details
    • Contact for pricing

      Business Condos Near I-40

      Two business condos totaling 1,700 sqft, high-visibility location.
      929 15Th Street Ct, Hickory, NC 28601
      View Details
    • Contact for pricing
      3,500 SF

      Hickory Commercial Property with Potential

      Commercial property in Hickory with business potential and multiple offices.
      941 3Rd Ave NW, Hickory, NC 28601
      View Details

    Similar Nearby for Lease

    • $10,000 /Mo

      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
    • Contact for pricing

      Former Bank Branch with Drive-Thru

      4,630 SF commercial building with drive-thru for lease.
      1856 12Th Ave 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
    • Contact for pricing

      Hickory Retail Space Available

      Retail spaces available, ranging from 2,300 to 39,601 SqFt.
      2515 Springs Rd 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

    Property Visit Statistics

    • Visits by month
      1.9k
    • Visitors by month
      811
    • Avg Time on site
      16 min
    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.
    1351 Ctr St
    Hickory, NC 28601-2535
    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
    1351 Ctr St, 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!