Two-Story Office
New
For Sale
$550,000
211 Nash St E, Wilson, NC 27893
Two levels provide private offices, shared work areas, a kitchenette, and conference space.
Property Size2,655 SF
Price / SF$207.16
Days on Market5
Property Features for 211 Nash St E
General Information
Standard status
Active
Size
2,655 SF
Property subtype
Commercial
Amenities
collaborative space
kitchenette
conference room
green-space
gazebo
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
eXp Realty, LLC - C
Listed By:
Chuck Williamson · License #270840
(252) 205-6146
Source:
Findnorthcarolinaproperties
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 9:59AM
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 eXp Realty, LLC - C
Investment Insights
Based on property information with market context.
This office building, constructed in 1950, has two stories with five private offices, shared work areas, and a conference room. The first floor also includes a kitchenette and two bathrooms. The building has been recently updated and has also accommodated retail-oriented use.
At 211 Nash St E in downtown Wilson, the property is designated historic under an ordinance included with the property documents. A rear exit provides access to green space and a gazebo.
At 211 Nash St E in downtown Wilson, the property is designated historic under an ordinance included with the property documents. A rear exit provides access to green space and a gazebo.
Key Highlights
- Two‑story layout with 2 private offices downstairs and 3 upstairs
- Shared work areas on both floors, plus an upstairs conference room
- Kitchenette and 2 bathrooms on the first 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
$33,453
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
6.08%
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%
$669,060
$669.1K
Cap Rate 7%
$477,900
$477.9K
Cap Rate 9%
$371,700
$371.7K
Market Conditions
NOI Build-Up for 2,655 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
$55.8K $21.00/SF
− Vacancy
−$11.2K −$4.20/SF
EGI
$44.6K $16.80/SF
− OpEx
−$11.2K −$4.20/SF
NOI
$33.5K $12.60/SF
Area
Wilson County, NC
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$669,060
Cap Rate 7%
$477,900
Cap Rate 9%
$371,700
Alternative Uses
Best Use
Office B
$477.9K
$418.2K – $557.6K
NOI $33,453 @ 7.0% cap · market cap 6.08%
Second Best
Retail
$393.6K
$344.4K – $459.2K
NOI $27,549 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$637.2K
$557.6K – $743.5K
NOI $44,607 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
950
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Two levels provide private offices, shared work areas, a kitchenette, and conference space.
Where is this office building located?
The property is located at 211 Nash St E Wilson, NC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑story layout with 2 private offices downstairs and 3 upstairs; Shared work areas on both floors, plus an upstairs conference room; Kitchenette and 2 bathrooms on the first floor
