Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2668 Forest Hills Rd Wilson, NC 27893
    Property profile & analytics

    2668 Forest Hills Rd, Wilson, NC 27893

    View on Map
    • Land
    • 2.71 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2668 Forest Hills Rd

    Lot size
    2.71 lot acres
    Property type
    Land

    Property Overview

    This 2.71-acre commercial land parcel is located on Forest Hills in Wilson, North Carolina, and benefits from a high-traffic location. The property features 300 feet of road frontage and comprises two parcels. Situated on the west side of Wilson, the site is surrounded by commercial developments. An additional adjoining 1.33 acres with 200 feet of road frontage is potentially available. The location provides access to downtown Wilson, Highway 264, Interstate 95, Highway 301, Interstate 795, and Highway 42.

    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
    -77.9528
    Latitude
    35.7149

    Comparable in this City

    • Value Estimation by Request

      6004 St Rose Church Rd

      Land
      6004 St Rose Church Rd, Wilson, NC 27893
      View Details
    • Value Estimation by Request
      21.06 Acres

      Downing St

      Land
      0 Downing St, Wilson, NC 27893
      View Details
    • Value Estimation by Request
      118.88 Acres

      Corbett Ave

      Farms
      0 Corbett Ave, Wilson, NC 27893
      View Details
    • Value Estimation by Request
      36.57 Acres

      Ortho Dr

      Land
      0 Ortho Dr, Wilson, NC 27893
      View Details
    • Value Estimation by Request
      0.25 Acres

      Ward Rd

      Land
      0 Ward Rd, Wilson, NC 27893
      View Details
    • Value Estimation by Request
      1.89 Acres

      2700 Us-301

      Land
      2700 Us-301, Wilson, NC 27893
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Wilson Industrial Land Parcels Available

      Industrial land parcels in Wilson, NC, with utility access.
      2810 Contentnea Rd, Wilson, NC 27893
      View Details
    • $450,000

      Land Available in Wilson, NC

      Land for sale in Wilson, North Carolina.
      1708-1710 London Church Rd NE, Wilson, NC 27893
      View Details
    • $2,800,000
      301.87 Acres

      300+ Acres Prime Wilson Location

      Over 300 acres in Wilson County, convenient to major cities.
      5824 Alt E, Wilson, NC 27893
      View Details
    • $70,000
      Pending

      Commercial Lot in High Traffic

      Commercial lot suitable for retail or automotive businesses.
      4161 Us 301 Hwy S, Wilson, NC 27893
      View Details
    • $1,561,000
      45.00 Acres

      Wilson, NC Industrial Development Land

      45 acres of industrial land with road frontage.
      1933 Firestone Pkwy NE, Wilson, NC 27893
      View Details
    • New
      $245,000
      Pending

      Commercial Land Opportunity in Wilson

      4.76 acres of commercial real estate in Wilson, NC.
      2921 Forest Hills Rd SW, Wilson, NC 27893
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Wilson Land with IMX Zoning

      4.74 acres with 2,100 SF building, ideal for recycling.
      404 Maury St S, Wilson, NC 27893
      View Details
    • Contact for pricing
      1,878 SF

      Retail Space Near Interstate 95

      Retail spaces available near I-95, from 1,015 to 5,955 SF.
      5442 Lamm Rd, Wilson, NC 27893
      View Details
    • Contact for pricing
      21,700 SF

      New Industrial Building in Wilson

      Class A industrial building with preleasing opportunities in Wilson, NC.
      2111 Industrial Park Dr SE, Wilson, NC 27893
      View Details
    • Contact for pricing

      Manufacturing and Warehouse Space Available

      116,728 SF manufacturing/warehouse space for lease with ample space.
      3040 Black Creek Rd SE, Wilson, NC 27893
      View Details
    • $800 /Mo
      422 SF

      Office Space in Wilson, NC

      Two offices with bathroom and closet available for rent.
      315 Hines St W, Wilson, NC 27893
      View Details
    • Contact for pricing
      1,934 SF

      Retail or Restaurant Space Available

      Retail or restaurant space in high-traffic shopping center.
      4000 Ward Blvd, Wilson, NC 27893
      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.
    2668 Forest Hills Rd
    Wilson, NC 27893
    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
    2668 Forest Hills Rd, Wilson, NC, 27893
    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!