Corner Storefront
For Sale
$625,000
Pending
6799 Ward Boulevard, Wilson, NC 27893
COMMERCIAL - Wilson, NC
Property Size2,352 SF
Lot Size6.46 Acres
Days on Market24
Property Features for 6799 Ward Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Subdivision
Not In Subdivision
Directions
From Nash St, turn right onto Ward Blvd, continue on Ward Blvd, turn left onto Ward Blvd. Property is on your right.
Standard status
Pending
APN
3721-12-4926.000
Size
2,352 SF
Lot size
6.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
6799 WARD BLVD L1 6.46AC
Tax Annual Amount
3555
Legal Description
6799 WARD BLVD L1 6.46AC
Utilities
Utilities
Water Available
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1964
Listing Agency:
Our Town Properties Inc.
(252) 243-7700
Listed By:
Mike Eatmon · License #226434
(252) 245-4337
Added: Jul 27
Changed: Aug 19
Last Checked: Aug 19 at 9:06PM
MLS# 100591909
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property includes a 2,352-square-foot commercial building on a 6.46-acre corner parcel. The property was built in 1964 and is zoned Industrial, with natural gas heating and public water service available.
Located at 6799 Ward Boulevard in Wilson, North Carolina, the site is currently operated as a sweepstakes business. The current operators are expected to vacate at the time of sale, leaving the property available for a new owner’s plans.
Located at 6799 Ward Boulevard in Wilson, North Carolina, the site is currently operated as a sweepstakes business. The current operators are expected to vacate at the time of sale, leaving the property available for a new owner’s plans.
Key Highlights
- 2,352‑square‑foot storefront property
- 6.46‑acre corner lot
- Industrial zoning
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
$24,405
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
3.90%
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%
$488,100
$488.1K
Cap Rate 7%
$348,643
$348.6K
Cap Rate 9%
$271,167
$271.2K
Market Conditions
NOI Build-Up for 2,352 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
$38.1K $16.20/SF
− Vacancy
−$3.2K −$1.38/SF
EGI
$34.9K $14.82/SF
− OpEx
−$10.5K −$4.45/SF
NOI
$24.4K $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 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%
$488,100
Cap Rate 7%
$348,643
Cap Rate 9%
$271,167
Alternative Uses
Best Use
Retail
$348.6K
$305.1K – $406.8K
NOI $24,405 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.5K
$494.0K – $658.6K
NOI $39,516 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Home Improvements & Furnishings 8%
Hotels & Casinos 6%
Speedway
Shops & Services
4,194 visits/mo
0.2 miles
7-Eleven
Shops & Services
2,453 visits/mo
0.2 miles
WilcoHess
Shops & Services
821 visits/mo
0.2 miles
Americas Best Value Inn Wilson
Hotels & Casinos
573 visits/mo
0.4 miles
Fastenal
Home Improvements & Furnishings
441 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Braswell's Flowers & Fashions — 809 Black Creek Rd SE, Wilson, NC 27893
- Triple C Flower's & Gifts — 809 black creek rd se, wilson, nc 27893
Frequently Asked Questions
What type of property is this?
Storefront property - Industrial-zoned commercial property with public water and natural gas heat.
Where is this storefront property located?
The property is located at 6799 Ward Boulevard Wilson, NC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,352‑square‑foot storefront property; 6.46‑acre corner lot; Industrial zoning
