Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Opportunity in Wilson Title is generated by Realmo AI

    2921 Forest Hills Road SW, Wilson, NC 27893

    View on Map
    Claim this Listing
    Pending
    $245,000

    LAND - Wilson, NC

    Lot size:
    4.76 Acres
    Added:
    May 21, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 1 at 8:06 am

    Property Features for 2921 Forest Hills Road SW

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Pending
    APN
    3711-12-7989.000
    Lot size
    4.76 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    2921 FOREST HILLS RD SW .41AC 95 1860SF DOT and 2937 FOREST HILLS RD SW 4.35AC
    Tax Annual Amount
    818

    Utilities

    Utilities
    Natural Gas Available
    Water source
    Public

    We can help!

    Listing Contact
    Vaughn Berry-Daniel

    Listing agent Vaughn Berry-Daniel License #195030

    Listing office Chesson Realty 2403 W Nash St, Wilson, NC

    Listing date May 21, 2026

    MLS# 100576133 Listing URL

    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.

    HighLights

    • 4.76 acres of commercial/developable real estate
    • Includes adjacent parcel (2937 Forest Hills Rd., PIN# 3711‑22‑1929.000)
    • Wonderful opportunity for development
    • Natural Gas Available
    • Public Water Source
    • Located at [-77.94983,35.7045]

    Overview

    This sale includes 2937 Forest Hills Rd., offering a total of 4.76 acres of commercial real estate suitable for development. The property is zoned for commercial use. Note that no value is attributed to the modular home present on the land. Certain items do not convey with the sale, including a truck, tractor trailers, sheds, concrete statues and flowerpots, and miscellaneous mounds of Peet gravel, mulch, crush & run, and miscellaneous landscape sources. The property is located in Wilson, NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.9498385
    Latitude
    35.70446

    Nearby Similar for Sale

    • $215,000
      3,000 SF

      Wilson, NC Mixed-Use Opportunity

      Mixed-use property near Wilson stadium with commercial and residential potential.
      900 Douglas St S, Wilson, NC 27893
      View Details
    • $215,000
      3,000 SF

      Wilson Mixed-Use Development Opportunity

      Industrial warehouse near stadium, ideal for mixed-use development.
      902 Douglas Street S, Wilson, NC 27893
      View Details
    • $2,000,000
      1,994 SF

      Wilson, NC Commercial Opportunity

      13.5 acres with building, prime commercial real estate.
      2426 Us 301 S, Wilson, NC 27893
      View Details
    • $205,000
      1,833 SF

      Downtown Wilson Commercial Building

      Commercial building in revitalizing downtown Wilson, ideal for redevelopment.
      133 Tarboro Street SW, Wilson, NC 27893
      View Details
    • $150,000
      3,189 SF

      Triplex in Historic Wilson District

      Triplex in Wilson's historic district, great investment opportunity.
      408 Lee Street NE, Wilson, NC 27893
      View Details
    • $1,900,000

      Prime Commercial Land in Wilson

      High-traffic location suitable for various commercial projects.
      4004 Raleigh Road Parkway W, Wilson, NC 27896
      View Details
    • $750,000

      Commercial Land on Well-Traveled Road

      4+ acres of commercially zoned land in Wilson, North Carolina.
      3405 Airport Boulevard NW, Wilson, NC 27896
      View Details
    • $1,900,000

      Wilson, NC Commercial Site

      Premium commercial land on high-traffic Raleigh Road Parkway.
      4002 Raleigh Road Parkway W, Wilson, NC 27896
      View Details
    • $189,900
      1,520 SF

      Wilson Duplex with Tenant Occupancy

      Duplex in Wilson, NC, both units tenant occupied.
      808 Crawford Street S, Wilson, NC 27893
      View Details
    • $189,900
      1,520 SF

      Wilson Duplex: Investor Opportunity

      Duplex in Wilson, NC, tenant occupied, great investment opportunity.
      808 Crawford Street S, Wilson, NC 27893
      View Details
    • $180,000
      1,380 SF

      Multifamily Property Near Barton College

      Multifamily property near Barton College, ideal for student housing.
      906 Corbett Avenue NE, Wilson, NC 27893
      View Details
    • $1,561,000

      Wilson, NC Industrial Development Land

      45 acres of industrial land with road frontage.
      1933 Firestone Parkway NE, Wilson, NC 27893
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.76 acres of commercial real estate in Wilson, NC.
    Where is this commercial land located?
    The property is located at 2921 Forest Hills Road SW Wilson, NC.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: 4.76 acres of commercial/developable real estate; Includes adjacent parcel (2937 Forest Hills Rd., PIN# 3711‑22‑1929.000); Wonderful opportunity for development
    (252) 399-9848
    We can help!
    Listing Contact
    Vaughn Berry-Daniel
    Real Estate License ID: 195030
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2921 Forest Hills Road SW, Wilson, NC 27893
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!