Retail Storefront with Flexible
For Sale
Contact for pricing
3620 Raleigh Road Parkway West, Wilson, NC 27896
B-3 zoning supports retail, restaurant, office, and service uses.
Property Size2,142 SF
Price / SF$320.13
Days on Market60
Property Features for 3620 Raleigh Road Parkway West
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Retail
Zoning
B-3
Listing Agency:
Sands Investment Group - FTL
Listed By:
Jacob Strahler · License #FL SL3483641
Source:
Crexi
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 28 at 5:11AM
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 Sands Investment Group - FTL
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 3620 Raleigh Road Parkway West in Wilson, North Carolina, the property is a 2,142-square-foot storefront occupied by Batteries Plus. The commercial building provides a retail-oriented format within a recognized business corridor.
B-3 General Business zoning allows a broad range of commercial applications, including retail, restaurant, office, and service uses. This classification supports continued retail use while accommodating other permitted business formats.
B-3 General Business zoning allows a broad range of commercial applications, including retail, restaurant, office, and service uses. This classification supports continued retail use while accommodating other permitted business formats.
Key Highlights
- 2,142 SF Batteries Plus storefront
- B‑3 General Business zoning
- Zoning permits retail, restaurant, office, and service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,226
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,520
$444.5K
Cap Rate 7%
$317,514
$317.5K
Cap Rate 9%
$246,956
$247.0K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$34.7K $16.20/SF
− Vacancy
−$2.9K −$1.38/SF
EGI
$31.8K $14.82/SF
− OpEx
−$9.5K −$4.45/SF
NOI
$22.2K $10.38/SF
Area
Wilson County, NC
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,520
Cap Rate 7%
$317,514
Cap Rate 9%
$246,956
Alternative Uses
Best Use
Retail
$317.5K
$277.8K – $370.4K
NOI $22,226 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.1K
$449.9K – $599.8K
NOI $35,988 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
464k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 29%
Dining 20%
Superstores 16%
Shops & Services 15%
Target
Superstores
73,405 visits/mo
0.4 miles
Marshalls
Apparel
41,161 visits/mo
0.3 miles
Harris Teeter
Groceries
39,150 visits/mo
0.3 miles
Belk
Apparel
35,887 visits/mo
0.3 miles
Ross Dress for Less
Apparel
26,133 visits/mo
0.3 miles
Demographics for 27896, NC
20,683
Population
8,496
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
91%
High-School Grad
35.2 sq mi
ZIP Area
588
Density / Sq Mi
$67,893
Median Household Income
$44,339
Median Earnings
$1,093
Median Rent
$213,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Wilson Flowers & Market — 4017 Raleigh Rd Pkwy W, Wilson, NC 27896
Frequently Asked Questions
What type of property is this?
Storefront property - B-3 zoning supports retail, restaurant, office, and service uses.
Where is this storefront property located?
The property is located at 3620 Raleigh Road Parkway West Wilson, NC.
What is the asking price?
The asking price for this property is $685,710.
What are key features of this property?
This property features: 2,142 SF Batteries Plus storefront; B‑3 General Business zoning; Zoning permits retail, restaurant, office, and service uses
