Two-Story Mixed-Use
For Sale
$675,000
116 Nash Street SW, Wilson, NC 27893
COMMERCIAL - Wilson, NC
Property Size5,700 SF
Lot Size0.07 Acres
Price / SF$118.42
Days on Market108
Property Features for 116 Nash Street SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Wilson
Directions
From U.S. Route 264, take the Downtown Wilson exit and follow signs toward Nash Street. Continue straight into the downtown district, then turn onto Nash Street North. Proceed into the heart of downtown--116 Nash Street N will be located on your right, directly across from the Wilson County Courthouse and just steps from the Whirligig Park and stadium.
Standard status
Active
APN
3722-30-2693.000
Size
5,700 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1.00LT
Tax Annual Amount
1125
Legal Description
1.00LT
Amenities
hood system
Building Details
Year built
1950
Listing Agency:
Green Valley Realty
(252) 292-0615
Listed By:
Abder Allan · License #282302
(252) 205-2729
Added: May 4
Changed: Aug 19
Last Checked: Aug 19 at 9:06PM
MLS# 100571504
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 two-story mixed-use building contains approximately 5,700 square feet on a 0.07-acre parcel and is zoned Commercial. Open areas extend across both floors, with additional rear space that can be reached through a back alley or from the second level. An existing hood system supports restaurant-oriented planning, while the flexible interior can accommodate retail, dining, or other mixed-use concepts supported by the property’s configuration.
The building is located at 116 Nash Street SW in downtown Wilson, directly opposite the courthouse. Vollis Simpson Whirligig Park and New Wilson Warbirds Stadium are within walking distance, and the surrounding district includes local businesses, entertainment venues, and year-round events. Constructed in 1950, the property combines a central downtown setting with adaptable commercial space and multiple access points.
The building is located at 116 Nash Street SW in downtown Wilson, directly opposite the courthouse. Vollis Simpson Whirligig Park and New Wilson Warbirds Stadium are within walking distance, and the surrounding district includes local businesses, entertainment venues, and year-round events. Constructed in 1950, the property combines a central downtown setting with adaptable commercial space and multiple access points.
Key Highlights
- 5,700‑square‑foot two‑story mixed‑use building
- 0.07‑acre parcel with Commercial zoning
- Open floor areas span both levels
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
Retail
$844.9K
$739.3K – $985.7K
NOI $59,144 @ 7.0% cap · market cap 8.76%
Second Best
Mixed Use
$806.1K
$705.4K – $940.5K
NOI $56,430 @ 7.0% cap · market cap 8.36%
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
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Western Sizzlin
Dining
15,715 visits/mo
0.4 miles
Dollar Tree
Shops & Services
9,269 visits/mo
0.2 miles
Family Dollar
Shops & Services
3,874 visits/mo
0.3 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown commercial property with open floor plates, rear access, and an existing restaurant hood system.
Where is this mixed-use property located?
The property is located at 116 Nash Street 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 mixed‑use building; 0.07‑acre parcel with Commercial zoning; Open floor areas span both levels
