Two-Story Office
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
Office
Zoning
CCMX
Subdivision
Wilson
Directions
Nash Street to Downtown, property on left just past the Wilson Courthouse.
Standard status
Active
APN
3722-30-5582.000
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
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Flooring type
Carpet, Concrete
Building materials
Brick Veneer
Roof type
Flat, Membrane
Listing Agency:
Chesson Agency, eXp Realty
(252) 291-3600
Listed By:
Chuck Williamson · License #270840
(252) 205-6146
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 23 at 3:06AM
MLS# 100605081
Copyright © 2026 Hive 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 office property at 211 Nash Street E occupies two stories in downtown Wilson. The first level contains two private offices, an open collaborative area, a kitchenette, and two bathrooms. The second floor adds three private offices, another shared workspace, and a conference room with views across downtown. A rear exit leads to green space and a gazebo.
Built in 1950 with brick veneer construction, the building has carpet and concrete flooring, central air, forced-air heating powered by natural gas, public water, and a flat membrane roof. The property carries CCMX zoning, and an ordinance designating it as historic is included in the documents. Its downtown setting places it near the Wilson Warbirds Ballpark and expanding downtown amenities.
Built in 1950 with brick veneer construction, the building has carpet and concrete flooring, central air, forced-air heating powered by natural gas, public water, and a flat membrane roof. The property carries CCMX zoning, and an ordinance designating it as historic is included in the documents. Its downtown setting places it near the Wilson Warbirds Ballpark and expanding downtown amenities.
Key Highlights
- 2,655‑square‑foot office building on a 0.05‑acre lot
- Two‑story layout with 5 private offices and collaborative work areas
- First floor includes 2 private offices, kitchenette, and 2 bathrooms
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
View Realmo Analytics
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?
Office building - Updated commercial space with private offices, shared work areas, a kitchenette, and conference room.
Where is this office building 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 office building on a 0.05‑acre lot; Two‑story layout with 5 private offices and collaborative work areas; First floor includes 2 private offices, kitchenette, and 2 bathrooms
