Downtown Mixed-Use
501 Nash Street E A, Wilson, NC 27893
For Sale
New
Contact for pricing
The property offers retail and office space in a corner setting.
Property Size1,000 SF
Days on Market6
Property Features for 501 Nash Street E A
General Information
Standard status
Size
Property subtype
Site & Location
Corner Location
Public Transit
Mixed-Use Components
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Green Valley Realty
Listed By:
Tracey Barnes · License #287705
(252) 218-6924
Source:
Dustinbennett
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 6 at 3:34PM
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 Green Valley Realty
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Investment Insights
Based on property information with market context.
This mixed-use property contains 1,000 square feet of retail and office space. Built in 1958, it occupies a corner lot in downtown Wilson.
The building is one block from a train station and four blocks from Whirligig Park and the Wilson Warbirds stadium.
The building is one block from a train station and four blocks from Whirligig Park and the Wilson Warbirds stadium.
Key Highlights
- 1,000 square feet of retail and office space
- Corner lot in downtown Wilson
- One block from a train station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,900
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,000
$198.0K
Cap Rate 7%
$141,429
$141.4K
Cap Rate 9%
$110,000
$110.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$2.2K −$2.16/SF
EGI
$15.8K $15.84/SF
− OpEx
−$5.9K −$5.94/SF
NOI
$9.9K $9.90/SF
Area
Wilson County, NC
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,000
Cap Rate 7%
$141,429
Cap Rate 9%
$110,000
Alternative Uses
Best Use
Retail
$148.2K
$129.7K – $172.9K
NOI $10,376 @ 7.0% cap · market cap 1,037.60%
Second Best
Mixed Use
$141.4K
$123.8K – $165.0K
NOI $9,900 @ 7.0% cap · market cap 990.00%
Theoretical Best
Office A
$240.0K
$210.0K – $280.0K
NOI $16,801 @ 7.0% cap · market cap 1,680.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
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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 Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property offers retail and office space in a corner setting.
Where is this mixed-use property located?
The property is located at 501 Nash Street E A Wilson, NC.
What are key features of this property?
This property features: 1,000 square feet of retail and office space; Corner lot in downtown Wilson; One block from a train station
