Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    606 Fairview Avenue SW Wilson, NC 27893

    View on Map
    Claim this Listing
    For Lease
    $950/Mo $6 SF/Yr (calc)

    COMMERCIAL - Wilson, NC

    Property size:
    1,635 SF
    Lot size:
    0.04 Acres
    Added:
    May 21, 2024
    Days on Market:
    709
    Last Refresh:
    Apr 29 at 5:06 pm

    Property Features for 606 Fairview Avenue SW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    3711-97-2275.000
    Size
    1,635 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    606 FAIRVIEW AVE SW L11P12 1.00LT
    Tax Annual Amount
    425
    Expense value
    1200
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Denise Allan

    Listing agent Denise Allan License #282384

    Listing office Green Valley Realty 2403 Wooten Blvd Suite H, Wilson, NC

    Listing date May 21, 2024

    MLS# 100445657

    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.

    Overview

    Commercial Space in Wilson, NC

    This commercial space, located in Wilson, NC, offers 1635 square feet of space suitable for office or retail use. The unit features multiple offices, a reception/waiting/gathering area, three restrooms, and two storage closets. The property is zoned for commercial use and is situated on a lot of 0.04 acres. It is located close to Whirligig Park, restaurants, and the future Mud Cats stadium in Downtown Wilson. The space is ideal for office use or salon suites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cre8tiv Studios, LLC Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.924362
    Latitude
    35.7160359

    Nearby Similar for Lease

    • $4,950/Mo

      Versatile Commercial Space in Wilson

      Office and warehouse space ideal for service-based businesses or distribution.
      1902 Baldree Road S, Wilson, NC 27893
      View Details
    • $1,200/Mo

      Downtown Wilson Commercial Space Available

      High-visibility commercial space near stadium, ideal for retail or office.
      1100 Downing Street SW, Wilson, NC 27893
      View Details
    • $2,400/Mo

      Retail or Restaurant Space Available

      High-traffic shopping center space, ideal for retail or restaurant.
      4000 Ward Boulevard, Wilson, NC 27893
      View Details
    • $1,750/Mo

      Restaurant Space in Wilson Center

      Restaurant opportunity in high-traffic shopping center near colleges.
      4000 Ward Boulevard, Wilson, NC 27893
      View Details
    • $3,000/Mo

      Retail Space in Downtown Wilson

      Retail opportunity in the heart of downtown Wilson, North Carolina.
      310 Nash Street NE, Wilson, NC 27893
      View Details
    • $3,600/Mo

      Commercial Space in Busy Center

      Commercial space available in high-traffic Wilson, NC location.
      3475 Airport Boulevard NW, Wilson, NC 27896
      View Details
    • $8 SF/Yr

      New Industrial Building in Wilson

      Class A industrial building with preleasing opportunities in Wilson, NC.
      2111 Industrial Park Dr SE, Wilson, NC
      View Details
    • Contact for pricing

      Retail Space in Wilson, NC

      Located at a signalized intersection in Wilson, North Carolina.
      Wilson, NC 27896
      View Details
    • $35 SF/Yr

      Retail Space Near Interstate 95

      Retail spaces available near I-95, from 1,015 to 5,955 SF.
      5442 Lamm Rd, Wilson, NC
      View Details
    • Contact for pricing

      Medical Office Building Near Hospital

      Two-story medical office building near Wilson Medical Center.
      2402 Camden St SW, Wilson, NC 27577
      View Details
    • Contact for pricing

      Established Neighborhood Strip Center

      Neighborhood strip center anchored by Piggly Wiggly and national retailers.
      1301 Ward Blvd, Wilson, NC 27893
      View Details
    • Contact for pricing

      Big Lots Anchored Shopping Center

      73,102 SF shopping center in Wilson, North Carolina.
      1700 Raleigh Rd Pkwy W, Wilson, NC 27896
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial space suitable for office or retail in Wilson, NC.
    Where is this office units located?
    The property is located at 606 Fairview Avenue SW Wilson, NC.
    What is the lease rate?
    The lease rate is $950 /Mo.
    What are key features of this property?
    This property features: Large unit suitable for office use or salon suites.; Features multiple offices, a reception/waiting/gathering area, three restrooms, and two storage closets.; Close proximity to Whirligig Park.
    (252) 292-0615
    We can help!
    Listing Contact
    Denise Allan
    Real Estate License ID: 282384
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!