Commercial Real Estate Market in Selma, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
15 active listings and 356 off-market properties in Selma, NC. Commercial property asks $172/SF to buy (based on 7 listings) and $15.99/SF/Yr to lease (based on 4 listings).
Market Trends
Selma, NC spans 81.3 square miles in Johnston County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Selma, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Selma, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Selma, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Selma, NC has a median asking sale price of $169/SF (based on 6 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 74.2%
- Industrial 19.2%
- Commercial 6.5%
Largest Zones share of zoned land by district
Selma, NC zones 12,865 acres across 12 districts. Commercial zoning covers 6.5% of zoned land, residential 74.2% and industrial 19.2%. The largest single district is Low Density Residential District at 58.6%. For commercial buyers the practical constraint is that only 25.8% of land carries a commercial or industrial designation.
The Low Density Residential R20 District is established to allow primarily single family residential development at low intensities that are consonant with the suitability of land, accessibility to major activity centers, and transportation systems, and are compatible with surrounding development. (Ord. of 2-14-17(2))
Market overview
Demographics & Economy
Selma, NC has 17,568 residents in 7,911 households. Density runs 216 people per square mile. Median household income here is $62,044 and median gross rent $874 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Smithfield | $125 | $18.00 |
| Princeton | $127 | — |
| Clayton | $219 | $30.00 |
Commercial property in Selma, NC asks $172/SF. The 3 bordering markets run from $125/SF in Smithfield to $219/SF in Clayton, and the city sits above their $127/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Selma?
How much does it cost to lease commercial space in Selma?
How does Selma compare to nearby markets on price?
What zoning applies to commercial property in Selma?
Where does Realmo's Selma market data come from?
Methodology & data sources
- Asking prices and medians
- There are 8 active for-sale and 7 active for-lease listings in Selma, NC. The medians are based on 7 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 12,865 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
