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 Market237
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: Oct 10
Last Checked: Oct 12 at 6:01PM
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 / Yr
$618,204
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
