Property profile

1707 10Th Ave Ne Hickory, NC 28601

FOR SALE
Warehouses
Property ID
US53-1616399
13,080 SF 0.56 ac lot Built 1984
Entity Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property in Hickory, NC, presents a unique investment opportunity. Situated on a 0.56-acre lot, the building boasts approximately 12,000 square feet of space, cleverly divided into two roughly 6,000-square-foot units. Each unit offers warehouse/light manufacturing space and integrated office areas, catering to diverse business needs. The property benefits from convenient access via both 10th Avenue NE and 11th Avenue NE, providing excellent street frontage on each. Loading and unloading are facilitated by strategically placed dock doors and a drive-in 9' x 9' garage door. Ample parking is available for both tenants and customers. The building features approximately 12-foot ceilings throughout and is equipped with a comprehensive sprinkler system, ensuring safety and peace of mind. One unit is currently leased under a long-term agreement

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1984
Construction CONCRETE BLOCKS
Total area 13,080 SF
Lot 0.56 ac (24,394 SF)
Zoning code C-2
APN 3713-19-62-2252
UPID US53-1616399

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
  • Corporate Office

Location

1707 10Th Ave Ne Hickory, NC 28601
Hickory metro Census 10304 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2020
Last sale
$262,000
3 recorded transactions
2020
$262,000
2013
$200,000
2011
Price N/A

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

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
Try Rey
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
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