www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29399722
29399723

4897 NC-127, Hickory, NC 28602

HT
NC NC 318611, SC SC 119135 (+1)
Midcoast Properties Inc
DE
SC SC 9207
Midcoast Properties Inc
Listed by Midcoast Properties Inc
$1,075,000
135 days on market
Updated 2 days ago
Contract Pending

Lock and Go Storage

Details
APN 269909262101
Property Type Self Storage
Square Footage 13,200
Net Rentable (SqFt) 13,200
Units 71
Cap Rate 5.78%
NOI $62,136
Occupancy 95.8%
Tenancy Multi
Pro-Forma Cap Rate 7.71%
Pro-Forma NOI $82,908
Price per SqFt $81
Year Built 1997, 2000, 2022
Buildings 3
Stories 1
Acreage 2.640
Zoning HC, WP-O Buyer to Verify
Investment Type Value Add
Occupancy Date 04/14/2026

Stabilized Self Storage Property - New Rates June 1 Still Below Market - Expansion Opportunity

Marketing description

Located in the high-growth Hickory, NC market, Lock & Go Self Storage sits on approximately 2.64 acres and has room for expansion (buyer to verify). The facility features 71 standard drive-up storage units with a total of 13,200 rentable square feet, offering convenient and secure storage solutions for personal and commercial use. Physical occupancy as of 4-14-26 was 95.8 percent.

In addition to the storage units, the property includes an area that is currently leased by an auto sales company, providing supplemental income. This creates the potential to either convert the lot to additional storage or expand in the area previously approved for another building. Key amenities such as security cameras, online rentals and bill pay provide added convenience for tenants and support efficient management operations.

**Hickory, NC Area:**

Hickory, NC is emerging as a high-growth economic hub, fueled by transformative industrial investment, skilled workforce expansion, and proactive public-private partnerships. Flagship projects like Corning’s advanced manufacturing expansion at Trivium Corporate Center are injecting hundreds of millions of dollars into the local economy while creating high-quality jobs, and new employers such as Steel Warehouse Company are reinforcing Hickory’s position as a competitive manufacturing and logistics destination. It's proximity to Charlotte and with state and local incentives, infrastructure improvements, and building-reuse initiatives, the market continues to attract new businesses while supporting parallel growth in housing, hospitality, and mixed-use development—positioning Hickory as a compelling location for long-term investment and economic diversification.

Investment highlights

Investment Highlights

  • Stabilized Occupancy at Lock & Go - Includes New Building Built in 2022
  • High Growth Area
  • Limited Competition Within Five Miles, Only 3.43 SF Per Capita,
  • per StorTrack (4/14/26).
  • Rate Increases Effective June 1, 2026. Tenants have been notified.

Value-Add Potential

  • Potential to Increase Rental Rates to Current Market Rates
  • Site Previously Approved for Two New Buildings - One Built in 2022. Expansion Opportunity (Buyer to verify)

Listing Contacts

HT
NC NC 318611, SC SC 119135 (+1)
Midcoast Properties Inc
DE
SC SC 9207
Midcoast Properties Inc
Listed by Midcoast Properties Inc

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,136.00
$5,178.00/mo

Valuation Metrics

0
DSCR
5.78%
Cap Rate
5.78%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Hal Tanner III
License
NC 318611
Brokerage
Midcoast Properties, Inc.
Brokerage Phone
843-342-7650
Brokerage Address
7 Heyward Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591