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    Property profile & analytics

    4370 Hickory Blvd Granite Falls, NC 28630

    • Showrooms
    • 16,612 SF
    • 1.49 lot acres
    For Sale
    View listing
    $795,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0462159
    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

    • The Salvation Army of Granite Falls Family Store / Discount Store
    • The Salvation Army-Lenoir - Food Distribution Center / Food Bank / Charitable Organization

    Property Details for 4370 Hickory Blvd

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.49 lot acres
    Property size
    16,612 SF
    Property type
    Showrooms
    APN
    08 16 2 26
    APU
    816226

    Description

    This exceptional retail property, located at 4370 Hickory Blvd in Granite Falls, NC (28630), presents a compelling investment opportunity. The 16,612 square foot building sits on a 1.38-acre lot and features a large 8,700 square foot showroom with an office area and two restrooms. A separate, smaller storefront space boasts ample natural light and large display windows, ideal for various retail uses. The property also includes a 7,000 square foot warehouse area with a convenient dock door for efficient loading and unloading. Ample parking is available both in front and to the side of the building. The property is currently 100% occupied under a NNN lease expiring January 17, 2025. The building, constructed in 1983, benefits from a new roof installed in 2023. The property is zoned GF and has a Caldwell County APN of 08-16-2-26. This single-tenant retail space is situated on high-traffic Highway 321 N, ensuring excellent visibility and accessibility for customers. The asking price is $795,000. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $954,000
      Market price range: $523k - $1.76M
      AI Estimate
      $1,071,000
      Market price range: $552k - $1.99M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,140,000
      Current use
      OFFICE BUILDING
      $1,390,000
      Change: +22% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Granite Falls
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.4151
    Latitude
    35.7937
    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
    0
    $0.00
    $122,700
    $302,800
    $425,500
    -
    $122,700
    $302,800
    $425,500

    Comparable in this City

    • Value Estimation
      $895,000
      37,616 SF

      4382 Hickory Blvd

      SHOW ROOM, WAREHOUSE • 37,616 SF
      4382 Hickory Blvd, Granite Falls, NC 28630-1993
      View Details
    • Value Estimation
      $1,575,000
      17,608 SF

      4462 Hickory Blvd

      SHOW ROOM, WAREHOUSE • 17,608 SF
      4462 Hickory Blvd, Granite Falls, NC 28630-8368
      View Details
    • Value Estimation
      $915,000
      16,368 SF

      4360 Hickory Blvd

      SHOW ROOM, WAREHOUSE • 16,368 SF
      4360 Hickory Blvd, Granite Falls, NC 28630-1991
      View Details
    • Value Estimation
      $1,340,000
      51,598 SF

      4346 Hickory Blvd

      SHOW ROOM, WAREHOUSE • 51,598 SF
      4346 Hickory Blvd, Granite Falls, NC 28630-1991
      View Details
    • Value Estimation
      $1,010,000
      16,268 SF

      4560 Hickory Blvd

      SHOW ROOM, WAREHOUSE • 16,268 SF
      4560 Hickory Blvd, Granite Falls, NC 28630-8367
      View Details
    • Value Estimation by Request
      17,106 SF

      76 Woodlane St

      SHOW ROOM, WAREHOUSE • 17,106 SF
      76 Woodlane St, Granite Falls, NC 28630-1946
      View Details

    Similar Nearby for Sale

    • $795,000
      16,612 SF

      Granite Falls Retail Investment Opportunity

      High-traffic Hwy 321 N retail space.
      4370 Hickory Blvd, Granite Falls, NC 28630
      View Details
    • Contact for pricing

      New Construction Starbucks with Drive-Thru

      New construction Starbucks with drive-thru and patio for sale.
      4763 Hickory Blvd, Granite Falls, NC 28630
      View Details
    • Contact for pricing

      Residential Land with Creek

      3.29-acre property with creek and detached garage.
      2482 Holman Ridge Ct, Granite Falls, NC 28630
      View Details
    • Contact for pricing
      0.58 Acres

      Residential Land in Laurel Ridge

      Residential land for sale in Granite Falls, North Carolina.
      6440 Ridgeview Cir, Granite Falls, NC 28630
      View Details
    • $54,900
      0.87 Acres

      Land Near Public Fishing Dock

      Land near public fishing dock and boat ramp.
      5607 Heathstead Dr, Granite Falls, NC 28630
      View Details
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    Granite Falls, NC 28630
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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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