Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    212 41st NW St Hickory, NC 28601-5515

    • Manufacturing properties
    • 6,534 SF
    • 0.75 lot acres
    OFF-MARKET
    Last Sale
    Feb 09, 2024
    $131,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2325794
    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

    • Manufacturing properties

    Property Details for 212 41st NW St

    Year built
    1958
    Construction
    WOOD FRAME
    Lot size
    0.75 lot acres
    Property size
    6,534 SF
    Zone code
    RESIDENTIAL LOW-DENSITY
    Property type
    Manufacturing properties
    APN
    16499
    APU
    16499

    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
    Burke
    State
    North Carolina
    Longitude
    -81.4049
    Latitude
    35.726
    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
    2024
    $92
    $8,438
    $100
    $8,538
    -
    $8,438
    $100
    $8,538

    Comparable in this City

    • Value Estimation by Request
      12,580 SF

      3221 30th NE St

      MANUFACTURING (LIGHT) • 12,580 SF
      3221 30th NE St, Hickory, NC 28601
      View Details
    • Value Estimation
      $2,000,000
      125,672 SF

      102 Section House Rd

      MANUFACTURING (LIGHT) • 125,672 SF
      102 Section House Rd, Hickory, NC 28601-9380
      View Details
    • Value Estimation by Request
      17,650 SF

      54 29th NW St

      MANUFACTURING (LIGHT) • 17,650 SF
      54 29th NW St, Hickory, NC 28601-5650
      View Details
    • Value Estimation
      $790,000
      19,675 SF

      931 18th St NW Pl

      MANUFACTURING (LIGHT) • 19,675 SF
      931 18th St NW Pl, Hickory, NC 28601-3347
      View Details
    • Value Estimation
      $1,215,000
      56,420 SF

      2377 8th NW Ave

      MANUFACTURING (LIGHT) • 56,420 SF
      2377 8th NW Ave, Hickory, NC 28601-4511
      View Details
    • Value Estimation
      $900,000
      150,969 SF

      100 Burke St

      MANUFACTURING (LIGHT) • 150,969 SF
      100 Burke St, Hickory, NC 28601-7359
      View Details

    Similar Nearby for Sale

    • $2,800,000
      55,000 SF

      Updated Manufacturing Building in Hickory

      55,000 sqft updated manufacturing building on 3.26 acres.
      2146 Highland Ave NE, Hickory, NC 28601
      View Details
    • Contact for pricing
      54,986 SF

      Hickory Industrial Property For Sale

      Industrially zoned property with warehouse and office space in Hickory.
      2146 Highland Ave NE, Hickory, NC 28601
      View Details
    • $3,500,000
      74,356 SF

      Hickory Warehouse Near I-40

      74,356 SF warehouse with climate control and recent improvements.
      585 11Th Street Cir Northwest, Hickory, NC 28601
      View Details
    • Contact for pricing
      24,300 SF

      Hickory Truck Terminal on 20 Acres

      24,300 SF truck terminal on 20 acres in Hickory.
      750 18Th St NE, Hickory, NC 28601
      View Details
    • $2,900,000
      74,356 SF

      Hickory Warehouse with Elevator Access

      74,356 SF warehouse suitable for distribution and warehousing.
      585 11Th St NW, Hickory, NC 28601
      View Details
    • $2,950,000
      20.24 Acres

      Trucking Terminal with 50 Bays

      50-bay trucking terminal for streamlined operations in the transportation industry.
      754 18Th St NE, Hickory, NC 28601
      View Details

    Similar Nearby for Lease

    • $69 SF/Yr
      6,000 SF

      Prime Catawba County Industrial Space

      6,000 SF Office/Warehouse - Available Now
      1700 11Th Ave, Hickory, NC 28601
      View Details
    • $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
    • Contact for pricing
      28,000 SF

      Northgate Plaza Retail Center

      Hickory, NC Retail Space Available
      2511 Center St, Hickory, NC 28601
      View Details
    • Contact for pricing
      1,277 SF

      Regional Shopping Center Retail Space

      Retail spaces available in Hickory's Belle Hollow shopping center.
      2982-3020 N Center St, Hickory, NC 28601
      View Details
    • $15 SF/Yr
      81,208 SF

      Springs Corner Shopping Center Investment

      Hickory, NC Retail Center - High Visibility
      2515 Springs Rd, Hickory, NC 28601
      View Details
    • $2,500 /Mo
      28,750 SF

      Hickory Retail Space For Rent

      Versatile retail space on high-traffic Springs Road in Hickory, NC.
      2906 Springs Rd NE, Hickory, NC 28601
      View Details
    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.
    212 41st NW St
    Hickory, NC 28601-5515
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!