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    1402 21St Street Dr SE Hickory, NC 28602
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    1402 21St Street Dr SE Hickory, NC 28602

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    • Commercial land
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    Commercial Land I-40 Visibility For Sale
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    Commercial Land I-40 Visibility

    Commercially zoned land with high traffic and I-40 visibility.

    1402 21st St Dr SE, Hickory, NC 28602
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    Property ID
    US53-5157227
    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

    • Commercial land

    Property Details for 1402 21St Street Dr SE

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Featured listing with I-40 visibility in high traffic area. Commercially zoned (C-3) with residential development nearby. Situated near shopping, business, including Catawba Valley Community College, Walmart, Lowes, Sam’s Club and much more.

    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
    -81.280314
    Latitude
    35.7059855

    Comparable in this City

    • Contact for pricing

      Prime Commercial Lot on Highway

      Corner lot with high traffic and pedestrian access.
      2 Us Highway 321, Hickory, NC 28602
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      Prime Downtown Hickory Development Opportunity

      5.23-acre parcel in downtown Hickory, ideal for multi-use development.
      221 2Nd Ave SW, Hickory, NC 28602
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      Commercial Land with I-40 Visibility

      Commercially zoned land with high traffic and I-40 visibility.
      1402 21St Street Dr SE, Hickory, NC 28602
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    • $49,500
      0.65 Acres

      Commercial Land in Hickory, NC

      Commercial zoned 0.65 acre lot with utilities in Hickory, NC.
      127 33Rd St SW, Hickory, NC 28602
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    • $799,900
      47.80 Acres

      Hickory, NC Waterfront Land

      47.8+/- acres with river frontage near Hwy 321 and I-40.
      3940 River Rd, Hickory, NC 28602
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      Redevelopment Site on Highway 70

      1.64-acre redevelopment site near Highway 321.
      1311 Us Highway 70 SW, Hickory, NC 28602
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    Similar Nearby for Sale

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      Prime Commercial Lot on Highway

      Corner lot with high traffic and pedestrian access.
      2 Us Highway 321, Hickory, NC 28602
      View Details
    • Contact for pricing

      Prime Downtown Hickory Development Opportunity

      5.23-acre parcel in downtown Hickory, ideal for multi-use development.
      221 2Nd Ave SW, Hickory, NC 28602
      View Details
    • Contact for pricing

      Commercial Land with I-40 Visibility

      Commercially zoned land with high traffic and I-40 visibility.
      1402 21St Street Dr SE, Hickory, NC 28602
      View Details
    • $49,500
      0.65 Acres

      Commercial Land in Hickory, NC

      Commercial zoned 0.65 acre lot with utilities in Hickory, NC.
      127 33Rd St SW, Hickory, NC 28602
      View Details
    • $799,900
      47.80 Acres

      Hickory, NC Waterfront Land

      47.8+/- acres with river frontage near Hwy 321 and I-40.
      3940 River Rd, Hickory, NC 28602
      View Details
    • Contact for pricing

      Redevelopment Site on Highway 70

      1.64-acre redevelopment site near Highway 321.
      1311 Us Highway 70 SW, Hickory, NC 28602
      View Details

    Similar Nearby for Lease

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      Commercial Land For Lease

      Land for ground lease in a Food Lion anchored center.
      2630 2Nd Ave NW, Hickory, NC 28602
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      Commercial Land For Lease

      Land and outparcels available for lease in Hickory, NC.
      Startown Rd, Hickory, NC 28602
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      Hickory, NC Commercial Land Opportunity

      Prime 1-Acre Commercial Lot in Hickory
      1862 Us Highway 70, Hickory, NC 28602
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      Premier Headquarters Space For Rent

      High-quality office space in established business park, ample parking.
      2415 Century Pl SE, Hickory, NC 28602
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      Hickory NC Retail Space

      Retail space available for rent in Hickory, North Carolina.
      1940 Us Highway 70 SE, Hickory, NC 28602
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      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
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    Hickory, NC 28602
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    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
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