Retail Strip
For Sale
Contact for pricing
602 Ward Boulevard, Wilson, NC 27893
Positioned along a main road that leads to the Wilson Warbirds stadium.
Property Size17,432 SF
Price / SF$0.34
Days on Market24
Property Features for 602 Ward Boulevard
General Information
Standard status
Active
Size
17,432 SF
Property subtype
Other
Additional Details
Road Access
Yes
Building Details
Year Built
1962
Listing Agency:
Green Valley Realty
(252) 292-0615
Listed By:
Tracey Barnes · License #287705
(252) 218-6924
Source:
Navigaterealty
Added: Oct 7
Changed: Oct 29
Last Checked: Oct 29 at 2:52PM
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
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.
This retail strip center at 602 Ward Boulevard in Wilson was built in 1962. The property is located on a main thoroughfare that connects to the Wilson Warbirds stadium.
Key Highlights
- Retail property at 602 Ward Boulevard, Wilson, NC 27893
- Built in 1962
- Located on a main road leading to the Wilson Warbirds stadium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,876
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,617,520
$3.6M
Cap Rate 7%
$2,583,943
$2.6M
Cap Rate 9%
$2,009,733
$2.0M
Market Conditions
NOI Build-Up for 17,432 SF
Gross rent
$282.4K $16.20/SF
− Vacancy
−$24.0K −$1.38/SF
EGI
$258.4K $14.82/SF
− OpEx
−$77.5K −$4.45/SF
NOI
$180.9K $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%
$3,617,520
Cap Rate 7%
$2,583,943
Cap Rate 9%
$2,009,733
Alternative Uses
Best Use
Retail
$2.58M
$2.26M – $3.01M
NOI $180,876 @ 7.0% cap · market cap 3,014.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.18M
$3.66M – $4.88M
NOI $292,874 @ 7.0% cap · market cap 4,881.23%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Groceries 27%
Dining 22%
Apparel 8%
Piggly Wiggly
Groceries
16,430 visits/mo
0.4 miles
BP
Shops & Services
8,849 visits/mo
0.5 miles
Pizza Inn
Dining
7,973 visits/mo
0.1 miles
Dollar General
Shops & Services
7,584 visits/mo
0.2 miles
Speedway
Shops & Services
6,970 visits/mo
0.5 miles
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
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
Frequently Asked Questions
What type of property is this?
Strip mall - Positioned along a main road that leads to the Wilson Warbirds stadium.
Where is this strip mall located?
The property is located at 602 Ward Boulevard Wilson, NC.
What are key features of this property?
This property features: Retail property at 602 Ward Boulevard, Wilson, NC 27893; Built in 1962; Located on a main road leading to the Wilson Warbirds stadium
