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    5035 Hickory Blvd Hickory, NC 28601-8920
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    Property profile & analytics

    5035 Hickory Blvd Hickory, NC 28601-8920

    View on Map
    • Commercial real estate
    • 17,810 SF
    • 3.08 lot acres
    Off-Market
    Property ID
    US53-1699909
    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
    $1,865,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SunLife Sunrooms Spas & More / (Bike/Boat/Book/etc) Store / Kitchen & Bath Showroom
    • Four Seasons Sunrooms / General Contractor

    Property Details for 5035 Hickory Blvd

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    3.08 lot acres
    Property size
    17,810 SF
    Property type
    Commercial real estate
    APN
    08 70 2 4
    APU
    87024

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,070,000
      6.5%
      $1,910,000
      7%
      $1,775,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,278,000
      Market price range: $681k - $3.13M
      AI Estimate
      $1,399,000
      Market price range: $616k - $1.74M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,755,000
      Current use
      AUTO REPAIR, GARAGE
      $2,115,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $2,100,000
      Change: +20% Conversion: Easy
      OFFICE BUILDING
      $2,060,000
      Change: +17% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,890,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.386
    Latitude
    35.7653
    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
    $382,200
    $964,600
    $1,346,800
    -
    $382,200
    $964,600
    $1,346,800

    Comparable in this City

    • Value Estimation by Request
      0.87 Acres

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      COMMERCIAL (GENERAL) • 0.87 Acres
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      View Details
    • Value Estimation by Request
      1,883 SF

      4992 Sage Mdw Cir

      COMMERCIAL (GENERAL) • 1,883 SF
      4992 Sage Mdw Cir, Hickory, NC 28601-9120
      View Details
    • Value Estimation by Request
      4,032 SF

      4975 Hickory Blvd

      COMMERCIAL (GENERAL) • 4,032 SF
      4975 Hickory Blvd, Hickory, NC 28601-8919
      View Details
    • Value Estimation
      $2,905,000
      35,671 SF

      34 2nd NW St

      COMMERCIAL (GENERAL) • 35,671 SF
      34 2nd NW St, Hickory, NC 28601-6114
      View Details
    • Value Estimation by Request
      0.77 Acres

      15th Ave Dr

      Land • 0.77 Acres
      15th Ave Dr, Hickory, NC 28601
      View Details
    • Value Estimation by Request
      1,915 SF

      2902 Springs Rd

      Commercial real estate • 1,915 SF
      2902 Springs Rd, Hickory, NC 28601
      View Details

    Similar Nearby for Sale

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      Hickory Commercial Property: Prime Location

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      0.49 Acres

      Hickory, NC Land For Sale

      0.49 acre lot near lakes with sloping and trees.
      R And S Cir, Hickory, NC 28601
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    • $154,000
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      Residential Land in Hickory, NC

      Residential land for sale in a sought-after Hickory location.
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      1.03 Acres

      Residential Land in Hickory, NC

      Land for sale in Burke County with Hickory address.
      2480 Harvest Dr, Hickory, NC 28601
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    Similar Nearby for Lease

    • $1,050 /Mo
      5,227 SF

      Hickory Office Space For Rent

      Office spaces with high visibility and flexible layouts available for rent.
      75 Rink Dam Rd, Hickory, NC 28601
      View Details
    • Contact for pricing

      Former Bank Branch with Drive-Thru

      4,630 SF commercial building with drive-thru for lease.
      1856 12Th Ave NE, Hickory, NC 28601
      View Details
    • Contact for pricing

      Hickory Retail Space Available

      Retail spaces available, ranging from 2,300 to 39,601 SqFt.
      2515 Springs Rd NE, Hickory, NC 28601
      View Details
    • Contact for pricing
      36,520 SF

      Regional Shopping Center Retail Space

      Retail spaces available in Hickory's Belle Hollow shopping center.
      2982-3022 N Center St, Hickory, NC 28601
      View Details
    • Contact for pricing

      Commercial Property in Hickory, NC

      Commercial property available for rent in Hickory, North Carolina.
      2511 N Center St, Hickory, NC 28601
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available, 1,806 sqft, single tenant building.
      12 1St Ave NW, Hickory, NC 28601
      View Details
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    5035 Hickory Blvd
    Hickory, NC 28601-8920
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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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