Hickory, NC
Commercial Real Estate Market Trends & Data

$857 Avg asking sale price
$13 Avg asking lease rate
8,793 SF Avg unit lease size
19,425 SF Avg building size for sale
8.06% Average cap rate

Hickory's Demographic Profile

Hickory has 18,528 households and a median income of $55,510, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 43,844
# Households 18,528
Median age 40
Median household income $55,510
Avg household size 2.0
Renter-occupied housing units 8,649
5-year population change +4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hickory, NC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Hickory $227 14,435 SF 8.24%
Conover $187 7,090 SF 8.24%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Hickory $80 46,383 SF 8.24%
Conover $139 84,898 SF 8.24%
Nearby Retail Markets Avg Cost/SF Typical Size
Hickory $584 21,366 SF
Conover $204 9,920 SF
Granite Falls $1,206 2,500 SF
Newton $133 2,700 SF
Hudson $57 30,570 SF

Commercial Properties For Sale in Hickory

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1941 Tranquility Cir

Newton, NC 28658

  • 6,960 SF Multifamily
  • $920,000
For Sale

Charlotte MSA Walgreens | 5% Rental Increases

Hickory, NC 28601

  • 14,820 SF Retail Building
  • 9.00% Cap Rate
  • $5,075,000
For Sale

3140 15th Blvd SE ave

Conover, NC 28613

  • 9.02 AC Lot
  • 1 Commercial Lot
  • $1,290,000
For Sale

Hickory

Hickory, NC 28602

  • 0.68 AC Lot
  • 1 Commercial Lot
  • $150,000
For Sale

Catawba Valley Family Med - Hosp Adjcnt - NNN

Conover, NC 28613

  • 9,920 SF Office Building
  • 8.24% Cap Rate
  • $2,041,500
For Sale

2860 Nathan St

Newton, NC 28658

  • 85,421 SF Industrial Building
  • $3,500,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hickory pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hickory $857 19,425 SF
Mountain View $468 9,928 SF
Hildebran $65 17,832 SF
Connelly Springs $158 2,342 SF
Conover $159 49,282 SF

Regional Demographic Comparison

This comparison places Hickory alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hickory or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Hickory 43,844 18,528 40 $55,510 2 8,649 4%
Hildebran 1,718 714 47 $46,378 2 206 -1%
Conover 9,059 3,680 43 $55,288 2 1,023 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hickory, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hickory

View All Commercial Real Estate For Sale in Hickory
Is Hickory a good market for a first-time commercial real estate investor?

Hickory offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hickory?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hickory. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hickory?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hickory. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hickory compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hickory. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hickory acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hickory, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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