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1530 16th St NE 135,000 SF Specialty Building Offered at $3,200,000 at a 7.74% Cap Rate in Hickory, NC 28601
INVESTMENT HIGHLIGHTS
- 3 ground floor levels.
- New roof.
- Located off of 16th St NE.
EXECUTIVE SUMMARY
Large 3 story Industrial building (125000) sqft with large 4 bay garage(3500) sqft. Sprinkler system up to date and passed 10 year inspection. Potential cap rate of over 16% when adjusted to the conservative rate of $3 per sqft. 7 tenants currently occupying. All 3 floors are ground level and roof recently done. Currently housing transmission repair shop, RV repair shop, mechanic shop, motorcycle repair and sales dealer, two wholesale furniture businesses, furniture retail business and still room for more
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,200,000 | Building Class | C |
| Price Per SF | $23.70 | Lot Size | 4.80 AC |
| Sale Type | Investment or Owner User | Building Size | 135,000 SF |
| Cap Rate | 7.74% | No. Stories | 3 |
| Property Type | Specialty | Year Built/Renovated | 1950/1970 |
| Property Subtype | Self-Storage | Parking Ratio | 0.03/1,000 SF |
| Zoning | I - zoned industrial which will accommodate many types of businesses. | ||
| Price | $3,200,000 |
| Price Per SF | $23.70 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.74% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 4.80 AC |
| Building Size | 135,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1950/1970 |
| Parking Ratio | 0.03/1,000 SF |
| Zoning | I - zoned industrial which will accommodate many types of businesses. |
AMENITIES
- Bus Line
1 1
PROPERTY TAXES
| Parcel Number | 3713116584650000 | Total Assessment | $1,123,300 (2025) |
| Land Assessment | $166,400 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $956,900 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
3713116584650000
Land Assessment
$166,400 (2025)
Improvements Assessment
$956,900 (2025)
Total Assessment
$1,123,300 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Carolina Imports Unlimited
1530 16th St NE
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