Two-Story Mixed-Use
New
For Sale
$550,000
211 Nash Street E, Wilson, NC 27893
Commercial Sale, Wilson, NC
Property Size2,655 SF
Lot Size0.05 Acres
Price / SF$207.16
Days on Market3
Property Features for 211 Nash Street E
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
3722305582000
Size
2,655 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
211 Nash St E 1.00Lt
Tax Annual Amount
672
Legal Description
211 Nash St E 1.00Lt
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
green-space
gazebo
conference room
Building Details
Year built
1950
Flooring type
Carpet, Concrete
Building materials
Brick Veneer
Listing Agency:
eXp Realty, LLC - C
(888) 584-9431
Listed By:
Chuck Williamson · License #270840
(252) 205-6146
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 23 at 3:06AM
MLS# 10194102
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 2,655-square-foot mixed-use building occupies a 0.05-acre parcel and was constructed in 1950. The two-level layout includes five private offices, shared work areas on both floors, a conference room, a kitchenette, and two bathrooms. The property has been updated and has previously supported office and retail use. Brick veneer construction, carpet and concrete flooring, forced-air heat, and central air are among the existing features.
Located in downtown Wilson, the building provides access to public water and public sewer. A rear exit leads to green space and a gazebo. An ordinance designates the property as historic, adding a documented preservation component to the asset.
Located in downtown Wilson, the building provides access to public water and public sewer. A rear exit leads to green space and a gazebo. An ordinance designates the property as historic, adding a documented preservation component to the asset.
Key Highlights
- 2,655‑square‑foot building on a 0.05‑acre parcel
- Two‑story layout with 5 private offices and collaborative work areas
- Conference room, kitchenette, and 2 bathrooms included
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
Mixed Use
$375.5K
$328.6K – $438.1K
NOI $26,285 @ 7.0% cap · market cap 4.78%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Updated commercial space with private offices, collaborative areas, a conference room, kitchenette, and two bathrooms.
Where is this mixed-use property located?
The property is located at 211 Nash Street 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: 2,655‑square‑foot building on a 0.05‑acre parcel; Two‑story layout with 5 private offices and collaborative work areas; Conference room, kitchenette, and 2 bathrooms included
