Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    901 Lenoir Rhyne SE Blvd Hickory, NC 28602-4124
    Back to Search
    Property profile & analytics

    901 Lenoir Rhyne SE Blvd Hickory, NC 28602-4124

    View on Map
    • Retail space
    • 9,173 SF
    • 1.85 lot acres
    Off-Market
    Property ID
    US53-2892440
    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
    $1,350,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar General / Grocery & Convenience Store
    • FedEx OnSite / Postal Service / Courier Service
    • Western Union / Bank / Credit Union

    Property Details for 901 Lenoir Rhyne SE Blvd

    Year built
    2012
    Lot size
    1.85 lot acres
    Property size
    9,173 SF
    Zone code
    C-3
    Property type
    Retail space
    APN
    3712-09-25-0985
    APU
    371209250985

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,670,000
      6.5%
      $1,540,000
      7%
      $1,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,287,000
      Market price range: $322k - $1.29M
      AI Estimate
      $1,229,000
      Market price range: $279k - $1.23M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,105,000
      MEDICAL BUILDING
      $1,740,000
      AUTO REPAIR, GARAGE
      $1,090,000
      APARTMENT HOUSE (5+ UNITS)
      $950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3179
    Latitude
    35.7226
    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
    $10,459
    $437,900
    $787,500
    $1,225,400
    -
    $437,900
    $787,500
    $1,225,400

    Comparable in this City

    • Value Estimation by Request
      640 SF

      2941 Old Shelby Rd

      RETAIL STORES (PERSONAL SERVICES) • 640 SF
      2941 Old Shelby Rd, Hickory, NC 28602-8573
      View Details
    • Value Estimation by Request
      1,488 SF

      425 21st SE St

      RETAIL STORES (PERSONAL SERVICES) • 1,488 SF
      425 21st SE St, Hickory, NC 28602
      View Details
    • Value Estimation by Request
      5,000 SF

      1620 Us Hwy 70th SW, Unit 100

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      1620 Us Hwy 70th SW, Hickory, NC 28602-4928
      View Details
    • Value Estimation by Request
      1,650 SF

      2602 1st SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,650 SF
      2602 1st SW Ave, Hickory, NC 28602-1911
      View Details
    • Value Estimation by Request
      520 SF

      2408 1st SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 520 SF
      2408 1st SW Ave, Hickory, NC 28602-2009
      View Details
    • Value Estimation
      $675,000
      9,556 SF

      721 Us Hwy 70th SE

      RETAIL STORES (PERSONAL SERVICES) • 9,556 SF
      721 Us Hwy 70th SE, Hickory, NC 28602-5135
      View Details

    Similar Nearby for Sale

    • $615,000

      Mixed-Use Commercial Property For Sale

      High-visibility commercial property with carwash and retail building.
      2540 1St Ave SW, Hickory, NC 28602
      View Details
    • Contact for pricing
      1,200 SF

      Hickory Commercial Property For Sale

      Versatile commercial property with high visibility and strong connectivity.
      121 13Th St SW, Hickory, NC 28602
      View Details
    • Contact for pricing

      Former Retail Building on Highway

      10,400 SF retail building on 0.25 AC lot.
      1240 Us Highway 70 SW, Hickory, NC 28602
      View Details
    • $2,100,000

      Commercial Land in Downtown Hickory

      1.85 acres with commercial buildings and rental income.
      229 1St Ave SE, Hickory, NC 28602
      View Details
    • Contact for pricing

      Commercial Parking Lot For Sale

      0.55-acre commercial parking lot with easy highway access.
      535 7Th Avenue Pl SW, Hickory, NC 28602
      View Details
    • Contact for pricing

      Hickory Land For Sale

      Land available for sale in Hickory, North Carolina.
      1550 21St Street Dr SE, Hickory, NC 28602
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad in Hickory, NC

      Retail space for lease in Hickory's primary retail corridor.
      1862 Us Highway 70 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

      Hickory NC Retail Space

      Retail space available for rent in Hickory, North Carolina.
      1940 Us Highway 70 SE, Hickory, NC 28602
      View Details
    • Contact for pricing

      Retail Space in Hickory, NC

      Retail space available at Valley Hills Mall on Highway 70.
      1940 Us Highway 70 SE, Hickory, NC 28602
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 373 to 177,869 SqFt.
      1960 Us Highway 70 SE, 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
    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.
    901 Lenoir Rhyne SE Blvd
    Hickory, NC 28602-4124
    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
    901 Lenoir Rhyne SE Blvd, 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!