1224 NW 19th St Ln
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1224 NW 19th St Ln
5,000 SF 100% Leased Office Building Hickory, NC 28601 $1,208,700 CAD ($242 CAD/SF) 7.20% Cap Rate
Investment Highlights
- Located less than 0.2 miles from major highway 301.
- Recent capital expenditures on 3 out of 5 mechanical systems.
- One of three office building within the Summit offices.
Executive Summary
Great opportunity to obtain a multi-tenant all brick office building in the growing town of Hickory North Carolina with stable income. One tenant has been there for over 10 years and just renewed for 5 years beginning April 2024 with annual escalations. Recent 2023 Q4 -2024 capital expenditures include replacing three (3) out of 5 heat pumps, all under warranty.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,000 SF
Building Class
B
Year Built
1996
Price
$1,208,700 CAD
Price Per SF
$242 CAD
Cap Rate
7.20%
NOI
$87,083 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.89
Lot Size
0.13 AC
Zoning
COM - Commercial
1 of 1
PROPERTY TAXES
| Parcel Number | 2793116566630000 | Total Assessment | $622,580 CAD |
| Land Assessment | $102,852 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $519,727 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2793116566630000
Land Assessment
$102,852 CAD
Improvements Assessment
$519,727 CAD
Total Assessment
$622,580 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Casey Miller
1224 NW 19th St Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.