Two-Story Restaurant Building with
For Sale
$675,000
116 Nash Street SW, Wilson, NC 27893
Two-story commercial building with expansive interior open space and an existing hood system, plus additional rear area accessible two ways.
Property Size5,700 SF
Price / SF$118.42
Days on Market112
Property Features for 116 Nash Street SW
General Information
Standard status
Active
Size
5,700 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Commercial Hood
Yes
Taxes and HOA fees
Annual Taxes
$1,125
Building Details
Building Size
5,700 SF
Year Built
1950
Stories
2
Listing Agency:
Green Valley Realty
(252) 205-2729
Listed By:
Abder Allan · License #282302
(252) 205-2729
Source:
Frankerealproperties
Added: May 4
Changed: Aug 23
Last Checked: Aug 22 at 4:20PM
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.
This two-story commercial building offers expansive open space across both levels, with additional area in the rear. The rear space is accessible via a rear alley or directly from the second floor, providing flexibility for storage, expansion, or other interior uses. The property also includes an existing hood system.
The building is positioned in downtown Wilson, directly across from the courthouse, with Vollis Simpson Whirligig Park and the New Wilson Warbirds Stadium located within walking distance.
With its two-level layout, rear access options, and existing hood system, the building supports a variety of restaurant-oriented configurations as well as other storefront and redevelopment concepts.
The building is positioned in downtown Wilson, directly across from the courthouse, with Vollis Simpson Whirligig Park and the New Wilson Warbirds Stadium located within walking distance.
With its two-level layout, rear access options, and existing hood system, the building supports a variety of restaurant-oriented configurations as well as other storefront and redevelopment concepts.
Key Highlights
- Historic 2‑story commercial building (built in 1950) in downtown Wilson
- Expansive open space across both levels, with additional rear area for storage, expansion, or redevelopment
- Additional rear square footage is accessible via a rear alley or directly from the second floor
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Braswell Flower Shop — 400 Nash St N, Wilson, NC 27893
- Maude's Flower Shop — 201 Maplewood Ave NE, Wilson, NC 27893
- Braswell's Flower Shop — 402 Nash St, Wilson, NC 27893
Frequently Asked Questions
What type of property is this?
Storefront property - Two-story commercial building with expansive interior open space and an existing hood system, plus additional rear area accessible two ways.
Where is this storefront 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: Historic 2‑story commercial building (built in 1950) in downtown Wilson; Expansive open space across both levels, with additional rear area for storage, expansion, or redevelopment; Additional rear square footage is accessible via a rear alley or directly from the second floor
