Two-Story Storefront
For Sale
$675,000
116 Nash St SW, Wilson, NC 27893
Includes an existing hood system, rear alley access, and flexible open areas across two levels.
Property Size5,700 SF
Price / SF$118.42
Days on Market35
Property Features for 116 Nash St SW
General Information
Standard status
Active
Size
5,700 SF
Additional Details
Commercial Hood
Yes
Amenities
hood system
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
Green Valley Realty
(252) 292-0615
Listed By:
Abder Allan, Denise Allan · License #282384
Source:
Bradberrygarnerrealestate
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 25 at 4:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Green Valley Realty
Investment Insights
Based on property information with market context.
Built in 1950, this two-story storefront property contains 5,700 square feet with open areas on both floors and additional rear space. The rear area can be reached through the alley or from the second level, creating flexible space for storage, expansion, or redevelopment. An existing hood system is also in place.
The property is located at 116 Nash St SW in Downtown Wilson, directly across from the courthouse and near Vollis Simpson Whirligig Park and New Wilson Warbirds Stadium. Its central setting places the building among downtown businesses, entertainment venues, and year-round events. The layout and existing restaurant infrastructure accommodate a range of commercial concepts, including retail, dining, and mixed-use applications.
The property is located at 116 Nash St SW in Downtown Wilson, directly across from the courthouse and near Vollis Simpson Whirligig Park and New Wilson Warbirds Stadium. Its central setting places the building among downtown businesses, entertainment venues, and year-round events. The layout and existing restaurant infrastructure accommodate a range of commercial concepts, including retail, dining, and mixed-use applications.
Key Highlights
- 5,700‑square‑foot two‑story storefront property
- Built in 1950
- Existing hood system in place
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
$59,144
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
8.76%
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%
$1,182,880
$1.2M
Cap Rate 7%
$844,914
$844.9K
Cap Rate 9%
$657,156
$657.2K
Market Conditions
NOI Build-Up for 5,700 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
$92.3K $16.20/SF
− Vacancy
−$7.8K −$1.38/SF
EGI
$84.5K $14.82/SF
− OpEx
−$25.3K −$4.45/SF
NOI
$59.1K $10.38/SF
Area
Wilson County, NC
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,182,880
Cap Rate 7%
$844,914
Cap Rate 9%
$657,156
Alternative Uses
Best Use
Specialty Retail
$1.01M
$884.9K – $1.18M
NOI $70,794 @ 7.0% cap · market cap 10.49%
Second Best
Retail
$844.9K
$739.3K – $985.7K
NOI $59,144 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,765 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
9,269 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,874 visits/mo
0.5 miles
Demographics for 27893, NC
37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Braswell's Flower Shop — 402 Nash St, Wilson, NC 27893
- Maude's Flower Shop — 201 Maplewood Ave NE, Wilson, NC 27893
- Braswell Flower Shop — 400 Nash St N, Wilson, NC 27893
Frequently Asked Questions
What type of property is this?
Storefront property - Includes an existing hood system, rear alley access, and flexible open areas across two levels.
Where is this storefront property located?
The property is located at 116 Nash St SW Wilson, NC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 5,700‑square‑foot two‑story storefront property; Built in 1950; Existing hood system in place
