Two-Story Multi-Tenant Office
For Sale
$900,000
3713 Nash Street North, Wilson, NC 27896
Two-story masonry building with six office suites and an attached two-bedroom apartment.
Property Size6,137 SF
Price / SF$146.65
Days on Market328
Property Features for 3713 Nash Street North
General Information
Standard status
Active
Size
6,137 SF
Property subtype
Commercial Sale / Mixed Use
Units
Multifamily Units
1
Office Units
6
Taxes and HOA fees
Annual Taxes
$8,065
Amenities
Yes
See Remarks
No
Building Details
Year Built
2002
Stories
2
Construction
masonry
Tenancy
Multi
Listing Agency:
United Real Estate Triangle
Listed By:
Dan Jenkins · License #242367
(919) 573-8322
Source:
Compass
Added: Oct 15, 2025
Changed: Sep 5
Last Checked: Aug 14 at 8:01AM
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 United Real Estate Triangle
Investment Insights
Based on property information with market context.
This 6,137-square-foot, two-story masonry multi-tenant office building was constructed in 2002 and includes six office suites plus one two-bedroom, 1.5-bath apartment. The property’s exterior was freshly painted at the end of 2024, and one office suite is currently vacant. The vacant suite is under a lease with up to a year remaining, with the option for lease termination for an owner occupant. Some existing leases are month-to-month, which can allow flexibility for future tenant and lease adjustments.
The building is located in a high-traffic area with visibility, and it is zoned general commercial. Heated and cooled garages are included in the total square footage.
Overall, the property provides a mixed office-and-residential configuration within a general commercial zoning framework, supported by a mix of active leases and one available suite.
The building is located in a high-traffic area with visibility, and it is zoned general commercial. Heated and cooled garages are included in the total square footage.
Overall, the property provides a mixed office-and-residential configuration within a general commercial zoning framework, supported by a mix of active leases and one available suite.
Key Highlights
- 6,137 SF two‑story masonry multi‑tenant office building built in 2002
- Tenancy mix includes six (6) office suites plus one (1) two‑bedroom, 1.5‑bath apartment
- Zoned general commercial
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
$77,326
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
8.59%
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%
$1,546,520
$1.5M
Cap Rate 7%
$1,104,657
$1.1M
Cap Rate 9%
$859,178
$859.2K
Market Conditions
NOI Build-Up for 6,137 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
$128.9K $21.00/SF
− Vacancy
−$25.8K −$4.20/SF
EGI
$103.1K $16.80/SF
− OpEx
−$25.8K −$4.20/SF
NOI
$77.3K $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%
$1,546,520
Cap Rate 7%
$1,104,657
Cap Rate 9%
$859,178
Alternative Uses
Best Use
Office B
$1.10M
$966.6K – $1.29M
NOI $77,326 @ 7.0% cap · market cap 8.59%
Second Best
Mixed Use
$867.9K
$759.5K – $1.01M
NOI $60,756 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,107 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story masonry building with six office suites and an attached two-bedroom apartment.
Where is this office building located?
The property is located at 3713 Nash Street North Wilson, NC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 6,137 SF two‑story masonry multi‑tenant office building built in 2002; Tenancy mix includes six (6) office suites plus one (1) two‑bedroom, 1.5‑bath apartment; Zoned general commercial
