Renovated Historic Retail
For Sale
Contact for pricing
211 Nash Street, Wilson, NC 27893
Fully renovated historic downtown building with ample surface and street parking and multiple civic anchors nearby.
Property Size3,289 SF
Price / SF$197.63
Days on Market102
Property Features for 211 Nash Street
General Information
Standard status
Active
Size
3,289 SF
Property subtype
Retail, Office
Listing Agency:
TradeMark Properties
Listed By:
Kharmika Alston · License #NC
Source:
Crexi
Added: May 27
Changed: Aug 16
Last Checked: Sep 2 at 11:57PM
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 TradeMark Properties
Investment Insights
Based on property information with market context.
This fully renovated historic building offers 3,289 SF and is positioned as a ready-to-occupy option for retail or office users seeking a turnkey, character-focused space. The property includes updates supporting its downtown presentation, with the surrounding public realm benefiting from improvements to the public library lawn park, along with extensive campus green-space and public amenities.
Situated in the heart of Downtown Wilson, the building is served by ample surface and street parking. It is located three blocks from Vollis Simpson Whirligig Park, a free downtown park featuring towering, wind-powered sculptures and colorful kinetic folk art made from recycled metal. The area also includes a brand new Wilson Family YMCA and the Healthcare Foundation of Wilson.
The property’s downtown clustering of institutions and new development activity supports a practical mix of uses for tenants that value walkable foot traffic and strong day-to-day visibility. With a five-minute walk to a new $70M+ sports and entertainment complex and nearby $300M in new residential, retail, hospitality, and office development under construction, the building is well-suited for buyers or operators looking to participate in an actively evolving downtown environment.
Situated in the heart of Downtown Wilson, the building is served by ample surface and street parking. It is located three blocks from Vollis Simpson Whirligig Park, a free downtown park featuring towering, wind-powered sculptures and colorful kinetic folk art made from recycled metal. The area also includes a brand new Wilson Family YMCA and the Healthcare Foundation of Wilson.
The property’s downtown clustering of institutions and new development activity supports a practical mix of uses for tenants that value walkable foot traffic and strong day-to-day visibility. With a five-minute walk to a new $70M+ sports and entertainment complex and nearby $300M in new residential, retail, hospitality, and office development under construction, the building is well-suited for buyers or operators looking to participate in an actively evolving downtown environment.
Key Highlights
- 3,289 SF fully renovated historic building
- Located in the heart of Downtown Wilson
- Ample surface and street parking
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
$41,441
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
6.38%
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%
$828,820
$828.8K
Cap Rate 7%
$592,014
$592.0K
Cap Rate 9%
$460,456
$460.5K
Market Conditions
NOI Build-Up for 3,289 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
$69.1K $21.00/SF
− Vacancy
−$13.8K −$4.20/SF
EGI
$55.3K $16.80/SF
− OpEx
−$13.8K −$4.20/SF
NOI
$41.4K $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%
$828,820
Cap Rate 7%
$592,014
Cap Rate 9%
$460,456
Alternative Uses
Best Use
Office B
$592.0K
$518.0K – $690.7K
NOI $41,441 @ 7.0% cap · market cap 6.38%
Second Best
Retail
$487.5K
$426.6K – $568.8K
NOI $34,127 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$789.4K
$690.7K – $921.0K
NOI $55,258 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully renovated historic downtown building with ample surface and street parking and multiple civic anchors nearby.
Where is this office units located?
The property is located at 211 Nash Street Wilson, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,289 SF fully renovated historic building; Located in the heart of Downtown Wilson; Ample surface and street parking
