Office Building with NC-CUP
For Sale
$339,900
4612 Nash Street N, Wilson, NC 27896
Professional office space in an established commercial building.
Property Size1,739 SF
Days on Market9
Property Features for 4612 Nash Street N
General Information
Standard status
Active
Size
1,739 SF
Property subtype
COMMERCIAL
Building Details
Building Size
1,739 SF
Year Built
1967
Listing Agency:
Our Town Properties Inc.
(252) 245-4337
Listed By:
Mike Eatmon · License #226434
(252) 245-4337
Source:
Dustinbennett
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 21 at 7:12AM
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 Our Town Properties Inc.
Investment Insights
Based on property information with market context.
This office building at 4612 Nash Street in Wilson, North Carolina, was constructed in 1967 and is offered for sale. The property provides professional office space within an established commercial building.
The property is zoned NC-CUP, identified as Neighborhood Commercial - Conditional Use Permit. The address is 4612 Nash Street, Wilson, NC 27896.
The property is zoned NC-CUP, identified as Neighborhood Commercial - Conditional Use Permit. The address is 4612 Nash Street, Wilson, NC 27896.
Key Highlights
- Office building with professional office space
- NC‑CUP zoning: Neighborhood Commercial - Conditional Use Permit
- Constructed in 1967
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
$21,911
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
6.45%
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%
$438,220
$438.2K
Cap Rate 7%
$313,014
$313.0K
Cap Rate 9%
$243,456
$243.5K
Market Conditions
NOI Build-Up for 1,739 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
$36.5K $21.00/SF
− Vacancy
−$7.3K −$4.20/SF
EGI
$29.2K $16.80/SF
− OpEx
−$7.3K −$4.20/SF
NOI
$21.9K $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%
$438,220
Cap Rate 7%
$313,014
Cap Rate 9%
$243,456
Alternative Uses
Best Use
Office B
$313.0K
$273.9K – $365.2K
NOI $21,911 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.4K
$365.2K – $487.0K
NOI $29,217 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
215
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 - Professional office space in an established commercial building.
Where is this office building located?
The property is located at 4612 Nash Street N Wilson, NC.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Office building with professional office space; NC‑CUP zoning: Neighborhood Commercial - Conditional Use Permit; Constructed in 1967
