Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 Forest Hills Rd Wilson, NC 27896
    Property profile & analytics

    200 Forest Hills Rd, Wilson, NC 27896

    View on Map
    • Retail properties & Spaces
    • 4,749 SF
    • 0.99 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carter Bank & Trust / Bank / Loan Service

    Property Details for 200 Forest Hills Rd

    Year built
    1988
    Lot size
    0.99 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property, located at 200 Forest Hills Rd NW in Wilson, North Carolina, presents a compelling investment opportunity. The 4,749 square foot building sits on a 0.99-acre lot and features a desirable corner location with high visibility. Built in 1988, this two-story Class B property is currently vacant, offering flexibility for a variety of uses. Previously utilized as a bank and restaurant, the building includes multiple drive-thru lanes, three ground floor offices, an elevator, and two large corner offices with a break room on the second floor. The property's strategic location near the upcoming Wawa construction ensures high traffic counts and excellent ingress and egress. The asking price is $1,390,000, translating to $292.69 per square foot. This value-add opportunity is ideal for investors seeking a strong return or businesses looking to establish a presence in a thriving area. The property's versatile layout and prime location make it an exceptional choice for a variety of commercial ventures. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property in a rapidly developing area of Wilson, NC.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.9319
    Latitude
    35.7516

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      3601 Raleigh Road Pkwy

      Individual retail properties
      3601 Raleigh Road Pkwy, Wilson, NC 27896
      View Details
    • Value Estimation by Request
      3,034 SF

      2214 Nash N St

      FINANCIAL BUILDING
      2214 Nash N St, Wilson, NC 27896-1729
      View Details
    • Value Estimation by Request
      2,188 SF

      2113 Nash NW St

      FINANCIAL BUILDING
      2113 Nash NW St, Wilson, NC 27896-1734
      View Details
    • Value Estimation
      $510,000
      7,755 SF

      4501 Nash NW St

      FINANCIAL BUILDING
      4501 Nash NW St, Wilson, NC 27896-8964
      View Details
    • Value Estimation by Request
      5,458 SF

      2801 Raleigh Rd W Pkwy

      FINANCIAL BUILDING
      2801 Raleigh Rd W Pkwy, Wilson, NC 27896-8212
      View Details
    • Value Estimation
      $885,000
      4,749 SF

      200 Frst Hls NW Rd

      FINANCIAL BUILDING
      200 Frst Hls NW Rd, Wilson, NC 27896-1624
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,749 SF

      Former Bank Building For Sale

      Two-story, 4,749 SF former bank with drive-thru lanes.
      200 Forest Hills Rd NW, Wilson, NC 27896
      View Details
    • Contact for pricing
      Pending

      Commercial Building Near Interstate 95

      Stand-alone commercial building with ample parking near I-95.
      4935 Raleigh Road Pkwy W, Wilson, NC 27896
      View Details
    • $1,900,000
      0.85 Acres

      Prime Commercial Land in Wilson

      High-traffic location suitable for various commercial projects.
      4004 Raleigh Road Pkwy W, Wilson, NC 27896
      View Details
    • $1,490,000
      4,749 SF

      Wilson Commercial Building - Great Location

      High-traffic area, 4,749 sq ft, 0.99 acres.
      200 Forest Hills Rd, Wilson, NC 27896
      View Details
    • $750,000
      4.15 Acres

      Commercial Land on Well-Traveled Road

      4+ acres of commercially zoned land in Wilson, North Carolina.
      3405 Airport Blvd NW, Wilson, NC 27896
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Big Lots Anchored Shopping Center

      73,102 SF shopping center in Wilson, North Carolina.
      1700 Raleigh Road Pkwy W, Wilson, NC 27896
      View Details
    • Contact for pricing
      3,850 SF

      Retail Space Available For Rent

      Retail space available for lease in Wilson, North Carolina.
      3401 Raleigh Road Pkwy West, Wilson, NC 27896
      View Details
    • $3,600 /Mo
      2,534 SF

      Commercial Space in Busy Center

      Commercial space available in high-traffic Wilson, NC location.
      3475 Airport Blvd NW, Wilson, NC 27896
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    200 Forest Hills Rd
    Wilson, NC 27896
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    200 Forest Hills Rd, Wilson, NC, 27896
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!