Property profile

719 OLD LENOIR RD Hickory, NC 28601

OFF-MARKET
Warehouse, Storage
Property ID
US53-1032917
28,860 SF 2 ac lot Built 1943
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The Art Mill is a two-story industrial warehouse totaling 72,557 square feet on a 1.996-acre site in Hickory, North Carolina. The building was constructed in 1943 and underwent renovations in 2024. It is built with heavy-duty masonry and steel construction, retaining original hardwood floors, steel trusses with wood plank sheathing, and an 8-inch concrete perimeter wall foundation. The first floor contains 44,660 square feet and the second floor contains 27,897 square feet, including approximately 32,947 square feet of open warehouse/storage area and 14,336 square feet of flex/commercial space; the second floor is configured with capacity for additional commercial suites. Proposed multi-tenant layouts support 10+ suites. Site and building improvements include loading docks with multiple dock-high doors, a BendPak HD-9 material lift with 9,000 lb capacity supported by a PE-certified lift foundation, a wet pipe sprinkler system, 24-inch ventilation pipes, and a gated entry with chain link fencing. The property includes 59 paved parking spaces with one ADA-compliant space and has public water, sewer, and streets available, along with three on-site fire hydrants. The structure has a licensed PE certification (March 2025) stating it is structurally sound with compliance to the 2018 North Carolina Building Code and no structural deficiencies identified.

Property profile

Verified
Property type Warehouse, Storage
Year built 1943
Total area 28,860 SF
Lot 2 ac (87,120 SF)
APN 2793-16-93-5671
UPID US53-1032917

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
  • Medical Supply Store
  • Industrial Manufacturer Production Facility
  • Gun Shop Fishing Store
  • General Contractor

Location

719 OLD LENOIR RD Hickory, NC 28601
Hickory metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2024
Last sale
$1.3M
1 recorded transaction
2024
$1.3M
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?”
You own 719 OLD LENOIR RD?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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