Industrial Warehouse with Stadium
For Sale
$215,000
Pending
900 Douglas St S, Wilson, NC 27893
Warehouse on nearly half an acre, offering flexible live/work or commercial redevelopment concepts near the Wilson stadium.
Property Size3,000 SF
Lot Size0.50 Acres
Days on Market187
Property Features for 900 Douglas St S
General Information
Standard status
Pending
Size
3,000 SF
Lot size
0.50 Acres
Taxes and HOA fees
Annual Taxes
$72,426
Listing Agency:
EXP Realty LLC
(888) 584-9431
Listed By:
Amaree Leak
(919) 358-2297
Source:
Exprealty
Added: Mar 12
Changed: Sep 4
Last Checked: Sep 13 at 12:10PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
The property is an industrial warehouse of approximately 3,000 square feet on nearly half an acre, configured to support commercial activity and potential mixed-use redevelopment. In addition to the warehouse structure and site area, the location provides a direct view of the stadium from the warehouse.
Situated in the city limits of Wilson, NC at 900 Douglas St S, the property is described as being within walking distance to the new Wilson baseball stadium. This proximity and line of sight from the warehouse are central to the property’s appeal for entertainment-oriented concepts or flexible creative use.
The asset is positioned for a range of tenant and buyer needs, including a creative workspace, small business operations, or a live/work concept, based on the combination of an industrial structure and the on-site land area. For investors or developers, it offers a straightforward platform for commercial and residential mix scenarios, while keeping the existing warehouse building as a usable starting point.
Situated in the city limits of Wilson, NC at 900 Douglas St S, the property is described as being within walking distance to the new Wilson baseball stadium. This proximity and line of sight from the warehouse are central to the property’s appeal for entertainment-oriented concepts or flexible creative use.
The asset is positioned for a range of tenant and buyer needs, including a creative workspace, small business operations, or a live/work concept, based on the combination of an industrial structure and the on-site land area. For investors or developers, it offers a straightforward platform for commercial and residential mix scenarios, while keeping the existing warehouse building as a usable starting point.
Key Highlights
- Approximately 3,000 sq ft industrial warehouse on nearly half an acre in Wilson city limits.
- Mixed‑use potential with flexibility for commercial and residential redevelopment concepts.
- Direct view of the Wilson baseball stadium from the warehouse.
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
$16,546
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
7.70%
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%
$330,920
$330.9K
Cap Rate 7%
$236,371
$236.4K
Cap Rate 9%
$183,844
$183.8K
Market Conditions
NOI Build-Up for 3,000 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
$24.1K $8.04/SF
− Vacancy
−$482 −$0.16/SF
EGI
$23.6K $7.88/SF
− OpEx
−$7.1K −$2.36/SF
NOI
$16.5K $5.52/SF
Area
Wilson County, NC
Vacancy
2.00%
Lease Rate
$8.04 /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%
$330,920
Cap Rate 7%
$236,371
Cap Rate 9%
$183,844
Alternative Uses
Best Use
Flex RnD
$376.1K
$329.1K – $438.8K
NOI $26,325 @ 7.0% cap · market cap 12.24%
Second Best
Warehouse
$287.0K
$251.2K – $334.9K
NOI $20,092 @ 7.0% cap · market cap 9.35%
Theoretical Best
Office A
$720.0K
$630.0K – $840.1K
NOI $50,403 @ 7.0% cap · market cap 23.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse on nearly half an acre, offering flexible live/work or commercial redevelopment concepts near the Wilson stadium.
Where is this flex space located?
The property is located at 900 Douglas St S Wilson, NC.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Approximately 3,000 sq ft industrial warehouse on nearly half an acre in Wilson city limits.; Mixed‑use potential with flexibility for commercial and residential redevelopment concepts.; Direct view of the Wilson baseball stadium from the warehouse.
