Corner Mixed-Use
For Sale
$205,000
133 Tarboro Street SW, Wilson, NC 27893
COMMERCIAL - Wilson, NC
Property Size1,833 SF
Price / SF$111.84
Days on Market120
Property Features for 133 Tarboro Street SW
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
3722208582000
Size
1,833 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
133 Tarboro St Sw 1.00Lt
Tax Annual Amount
446
Legal Description
133 Tarboro St Sw 1.00Lt
Building Details
Year built
1950
Listing Agency:
Coldwell Banker HPW · Coldwell Banker Real Estate
(919) 960-6352
Listed By:
Virginia Denton · License #NC147819
(919) 604-1503
Added: Apr 21
Changed: Aug 4
Last Checked: Aug 18 at 10:06PM
MLS# 10161620
Copyright © 2026 Doorify 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 1833-square-foot commercial building was constructed in 1950 and is positioned on a downtown corner with an existing storefront presence. The property is offered as a cold shell, with flooring, mechanical systems, and broader interior renovation still required. Its unfinished condition allows the interior layout and systems to be redesigned for a future retail, office, or mixed-use concept.
The building is located in Historic Downtown Wilson, with side parking and access to public paid parking behind the property. Warbirds Baseball Stadium and Vollis Simpson Whiligig Park are both approximately half a mile away. The property is being sold as-is.
The building is located in Historic Downtown Wilson, with side parking and access to public paid parking behind the property. Warbirds Baseball Stadium and Vollis Simpson Whiligig Park are both approximately half a mile away. The property is being sold as-is.
Key Highlights
- 1833 SF commercial building constructed in 1950
- Corner position in Historic Downtown Wilson
- Cold‑shell condition requiring flooring, mechanical systems, and general renovation
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
$18,147
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
8.85%
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%
$362,940
$362.9K
Cap Rate 7%
$259,243
$259.2K
Cap Rate 9%
$201,633
$201.6K
Market Conditions
NOI Build-Up for 1,833 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
$33.0K $18.00/SF
− Vacancy
−$4.0K −$2.16/SF
EGI
$29.0K $15.84/SF
− OpEx
−$10.9K −$5.94/SF
NOI
$18.1K $9.90/SF
Area
Wilson County, NC
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$362,940
Cap Rate 7%
$259,243
Cap Rate 9%
$201,633
Alternative Uses
Best Use
Office B
$329.9K
$288.7K – $384.9K
NOI $23,096 @ 7.0% cap · market cap 11.27%
Second Best
Retail
$271.7K
$237.7K – $317.0K
NOI $19,019 @ 7.0% cap · market cap 9.28%
Theoretical Best
Office A
$439.9K
$385.0K – $513.3K
NOI $30,796 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Explore this area
Business Placement
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 Office 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 - Cold-shell commercial building with storefront presence and side parking.
Where is this mixed-use property located?
The property is located at 133 Tarboro Street SW Wilson, NC.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1833 SF commercial building constructed in 1950; Corner position in Historic Downtown Wilson; Cold‑shell condition requiring flooring, mechanical systems, and general renovation
