Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    825 Us Hwy 70th SE Hickory, NC 28602-5137
    Back to Search
    Property profile & analytics

    825 Us Hwy 70th SE Hickory, NC 28602-5137

    View on Map
    • Warehouses
    • 33,060 SF
    • 8.29 lot acres
    Off-Market
    Last Sale Dec 22, 2020
    $2,100,000
    Property ID
    US53-2070393
    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
    $2,220,000
    Show details
    Cap Rate Potential
    8.7%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Basement Bargains / Department Store / Grocery & Convenience Store
    • Calvin's Hickory Tree Service / Landscaping / General Contractor
    • Renovations & Renewals by Jason / Production Facility / Furniture & Home Goods
    • Custom Graphics / (Bike/Boat/Book/etc) Store / Printing Service
    • Dash Courier Service / Courier Service / Postal Service

    Property Details for 825 Us Hwy 70th SE

    Year built
    1985
    Lot size
    8.29 lot acres
    Property size
    33,060 SF
    Zone code
    C-3
    Property type
    Warehouses
    APN
    3712-17-12-0166
    APU
    371217120166

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,415,000
      ML approach
      $2,325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,169,000
      Market price range: $519k - $2.17M
      AI Estimate
      $1,809,000
      Market price range: $637k - $1.81M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,430,000
      OFFICE BUILDING
      $2,875,000
      COMMERCIAL (GENERAL)
      $2,625,000
      RETAIL STORES
      $2,625,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3209
    Latitude
    35.7122
    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
    $31,793
    $1,331,900
    $2,393,100
    $3,725,000
    -
    $1,331,900
    $2,393,100
    $3,725,000

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      427 12th St SE Dr

      WAREHOUSE, STORAGE • 7,500 SF
      427 12th St SE Dr, Hickory, NC 28602
      View Details
    • Value Estimation by Request
      861 SF

      2220 1st SE St

      WAREHOUSE, STORAGE • 861 SF
      2220 1st SE St, Hickory, NC 28602-5338
      View Details
    • Value Estimation by Request
      17,546 SF

      305 23rd SW St

      WAREHOUSE, STORAGE • 17,546 SF
      305 23rd SW St, Hickory, NC 28602-2158
      View Details
    • Value Estimation by Request
      4,552 SF

      6430 Applehill Dr

      WAREHOUSE, STORAGE • 4,552 SF
      6430 Applehill Dr, Hickory, NC 28602
      View Details
    • Value Estimation by Request
      4,364 SF

      801 19th SW St

      WAREHOUSE, STORAGE • 4,364 SF
      801 19th SW St, Hickory, NC 28602-2254
      View Details
    • Value Estimation by Request
      3,764 SF

      1341 1st SW Ave

      WAREHOUSE, STORAGE • 3,764 SF
      1341 1st SW Ave, Hickory, NC 28602-2444
      View Details

    Similar Nearby for Sale

    • $199,000
      5,120 SF

      Warehouse Building with Business Opportunities

      5120 Sq Ft warehouse with C 2 zoning.
      1510 10Th Ave SW, Hickory, NC 28602
      View Details
    • Contact for pricing
      7,392 SF

      Hickory Flex Space Near Downtown

      Well-maintained flex space with office and warehouse components.
      731 Main Ave SW, Hickory, NC 28602
      View Details
    • Contact for pricing
      5,120 SF

      Warehouse Building with Highway Access

      5120 Sq Ft warehouse with easy highway access.
      1510 10Th Ave SW, Hickory, NC 28602
      View Details
    • $175,000
      0.89 Acres

      Hickory Industrial Land - 0.89 Acres

      Ready-to-build industrial lot in Hickory, NC.
      Unit 1A, Hickory, NC 28602
      View Details
    • $199,900
      17.80 Acres

      Hickory, NC Land For Sale

      17+/- acres of raw land with road frontage on HWY 127.
      2Nd Street Ct SW, Hickory, NC 28602
      View Details
    • New
      Contact for pricing
      0.58 Acres

      Wooded Lot in Established Subdivision

      Private wooded lot near I-40 and Hwy 321, outside city limits.
      Valley View Ct, Hickory, NC 28602
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,704 SF

      Hickory Flex Space For Rent

      Flex space with loading docks and convenient transportation access.
      920 Tate Blvd 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

      2660 Tate Blvd, Hickory, NC 28602

      Medical Office Space
      2660 Tate Blvd, 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
      9,627 SF

      Hickory Office Space For Rent

      Office space available with shared amenities and ample parking.
      1507 7Th Street Blvd Southeast, Hickory, NC 28602
      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.
    825 Us Hwy 70th SE
    Hickory, NC 28602-5137
    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

    Thank You for Inquiry
    825 Us Hwy 70th SE, Hickory, NC, 28602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!