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

    2053 Us Hwy 70th SE Hickory, NC 28602-8608

    • Community centers
    • 22,744 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1691944
    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.

    Current Use by Public Records

    • Sunrise Appliance / Home Appliance Store / Hardware & Home Improvement
    • Sunrise Kitchen & Design Center / Interior Design / Home Decor Store

    Property Details for 2053 Us Hwy 70th SE

    Year built
    1982
    Lot size
    1.69 lot acres
    Property size
    22,744 SF
    Zone code
    C-3
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    3711-07-79-0651
    APU
    371107790651

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3007
    Latitude
    35.7056
    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
    $16,319
    $832,600
    $1,079,400
    $1,912,000
    -
    $832,600
    $1,079,400
    $1,912,000

    Comparable in this City

    • Value Estimation
      $21,730,000
      125,919 SF

      2104 Us Hwy 70th SE

      MINI-MALL • 125,919 SF
      2104 Us Hwy 70th SE, Hickory, NC 28602-5162
      View Details
    • Value Estimation
      $640,000
      28,139 SF

      2011 Us Hwy 70th SE

      MINI-MALL • 28,139 SF
      2011 Us Hwy 70th SE, Hickory, NC 28602-5161
      View Details
    • Value Estimation by Request
      9,630 SF

      1821 Hwy 70

      Lifestyle centers • 9,630 SF
      1821 Hwy 70, Hickory, NC 28602
      View Details
    • Value Estimation
      $1,955,000
      123,532 SF

      1910 Catawba Vly SE Blvd

      MINI-MALL • 123,532 SF
      1910 Catawba Vly SE Blvd, Hickory, NC 28602-4146
      View Details
    • Value Estimation
      $2,605,000
      148,778 SF

      2183 Us Hwy 70th SE

      MINI-MALL • 148,778 SF
      2183 Us Hwy 70th SE, Hickory, NC 28602-5163
      View Details
    • Value Estimation
      $2,000,000
      82,969 SF

      1844 Us Hwy 70th SE

      MINI-MALL • 82,969 SF
      1844 Us Hwy 70th SE, Hickory, NC 28602
      View Details

    Similar Nearby for Sale

    • 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
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    • $2,100,000

      Commercial Land in Downtown Hickory

      1.85 acres with commercial buildings and rental income.
      229 1St Ave SE, Hickory, NC 28602
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    • $615,000

      Mixed-Use Commercial Property For Sale

      High-visibility commercial property with carwash and retail building.
      2540 1St Ave SW, Hickory, NC 28602
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    • 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
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      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
    • $32,500
      1.09 Acres

      Hickory, NC Land For Sale

      1.09 acre lot suitable for single-family or duplex development.
      296 19Th Ave SW, 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

      Retail Space Available For Lease

      1,400 SF retail space available for lease.
      70 Se & Mcdonald Pkwy, 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

      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
    • Contact for pricing

      Retail Pad in Hickory, NC

      Retail space for lease in Hickory's primary retail corridor.
      1862 Us Highway 70 SE, Hickory, NC 28602
      View Details
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    Hickory, NC 28602-8608
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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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