Crane-Served Manufacturing
For Sale
Contact for pricing
2711 Commerce Rd, Wilson, NC 27893
HI-zoned industrial facility with subdivision flexibility for single- or multi-tenant occupancy.
Property Size12,086 SF
Lot Size12.60 Acres
Price / SF$69.59
Days on Market192
Property Features for 2711 Commerce Rd
General Information
Standard status
Active
Size
12,086 SF
Total Parking Spaces
47
Lot size
12.60 Acres
Property subtype
Industrial
Zoning
HI
Investment Type
Owner/User
Additional Details
Heavy Power
Yes
Building Details
Year Built
1974
Year Renovated
2017
Buildings
1
Stories
1
Building Size
12,086 SF
Listing Agency:
APG Advisors
Listed By:
David Stroud · License #NC 233680
Source:
Crexi
Added: Feb 19
Changed: Aug 30
Last Checked: Aug 30 at 4:11AM
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 APG Advisors
Investment Insights
Based on property information with market context.
Built in 1974, this manufacturing and warehouse facility occupies a 12.6-acre property at 2711 Commerce Road in Wilson, North Carolina. The site is zoned HI and can be divided to support either one occupant or multiple users.
The improvements are configured for heavy industrial operations, with substantial electrical capacity, crane-served bays, and high-clear production areas. These features support manufacturing, warehouse, and other industrial functions requiring specialized building infrastructure.
The improvements are configured for heavy industrial operations, with substantial electrical capacity, crane-served bays, and high-clear production areas. These features support manufacturing, warehouse, and other industrial functions requiring specialized building infrastructure.
Key Highlights
- 12.6‑acre industrial property in Wilson, NC
- HI zoning supports the property's heavy industrial profile
- Facility can be subdivided for single- or multi‑tenant occupancy
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
$618,204
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
7.93%
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%
$12,364,080
$12.4M
Cap Rate 7%
$8,831,486
$8.8M
Cap Rate 9%
$6,868,933
$6.9M
Market Conditions
NOI Build-Up for 112,086 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
$901.2K $8.04/SF
− Vacancy
−$18.0K −$0.16/SF
EGI
$883.1K $7.88/SF
− OpEx
−$264.9K −$2.36/SF
NOI
$618.2K $5.52/SF
Area
Wilson County, NC
Vacancy
2.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$12,364,080
Cap Rate 7%
$8,831,486
Cap Rate 9%
$6,868,933
Alternative Uses
Best Use
Warehouse
$10.72M
$9.38M – $12.51M
NOI $750,676 @ 7.0% cap · market cap 9.62%
Second Best
Industrial
$8.83M
$7.73M – $10.30M
NOI $618,204 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$26.90M
$23.54M – $31.39M
NOI $1,883,152 @ 7.0% cap · market cap 24.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
30
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - HI-zoned industrial facility with subdivision flexibility for single- or multi-tenant occupancy.
Where is this manufacturing property located?
The property is located at 2711 Commerce Rd Wilson, NC.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: 12.6‑acre industrial property in Wilson, NC; HI zoning supports the property's heavy industrial profile; Facility can be subdivided for single- or multi‑tenant occupancy
