Brick Office
For Sale
$339,900
Pending
4612 Nash Street N, Wilson, NC 27896
Commercial Sale, Wilson, NC
Property Size1,739 SF
Lot Size0.42 Acres
Days on Market36
Property Features for 4612 Nash Street N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Neighhood Comm
Subdivision
Wilson
Directions
Nash St N. Office Building is just before Georgetown Dr.
Standard status
Pending
APN
3713-39-0197.000
Size
1,739 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
.42AC ANNEXED 10-18-9095 FR 27
Tax Annual Amount
2207
Legal Description
.42AC ANNEXED 10-18-9095 FR 27
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Building materials
Brick, Wood Frame
Roof type
Shingle
Listing Agency:
Our Town Properties Inc.
(252) 243-7700
Listed By:
Mike Eatmon · License #226434
(252) 245-4337
Added: Aug 11
Changed: Sep 2
Last Checked: Sep 15 at 6:06AM
MLS# 100596290
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property contains 1,739 square feet on a 0.42-acre parcel in Wilson, North Carolina. The building dates to 1967 and uses a combination of brick and wood-frame construction, with a shingle roof. Central air conditioning and natural-gas heating serve the interior, while public water provides the water source.
The property is located in Wilson County within ZIP Code 27896. Its office configuration is suited to professional commercial use, with the existing building improvements providing an established setting for an owner-user or office operation. The asset is offered for sale.
The property is located in Wilson County within ZIP Code 27896. Its office configuration is suited to professional commercial use, with the existing building improvements providing an established setting for an owner-user or office operation. The asset is offered for sale.
Key Highlights
- 1,739‑square‑foot office building
- 0.42‑acre parcel
- Constructed in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,911
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,220
$438.2K
Cap Rate 7%
$313,014
$313.0K
Cap Rate 9%
$243,456
$243.5K
Market Conditions
NOI Build-Up for 1,739 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.5K $21.00/SF
− Vacancy
−$7.3K −$4.20/SF
EGI
$29.2K $16.80/SF
− OpEx
−$7.3K −$4.20/SF
NOI
$21.9K $12.60/SF
Area
Wilson County, NC
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,220
Cap Rate 7%
$313,014
Cap Rate 9%
$243,456
Alternative Uses
Best Use
Office B
$313.0K
$273.9K – $365.2K
NOI $21,911 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.4K
$365.2K – $487.0K
NOI $29,217 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 27896, NC
20,683
Population
8,496
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
91%
High-School Grad
35.2 sq mi
ZIP Area
588
Density / Sq Mi
$67,893
Median Household Income
$44,339
Median Earnings
$1,093
Median Rent
$213,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office property with central air, natural-gas heat, and public water service.
Where is this office building located?
The property is located at 4612 Nash Street N Wilson, NC.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1,739‑square‑foot office building; 0.42‑acre parcel; Constructed in 1967
