113 Spruce W St Wilson, NC 27893
This exceptional 24,832-square-foot industrial property, situated on 1.74 acres in Wilson, North Carolina, presents a unique investment opportunity. The single-tenant building, constructed in 1960, boasts a versatile layout suitable for distribution, warehousing, manufacturing, or flex uses. The property features a 17-foot ceiling height, enhancing storage and operational efficiency. Loading and unloading are facilitated by two dock-high loading docks and one drive-in door. Ample parking is available. The building is zoned LI and offers convenient access to major transportation arteries, including I-95 and Highway 264, placing it within 49 minutes of Raleigh. Its prime location, just blocks from downtown Wilson and Whirligig Park, and near new hotel and stadium developments, adds significant value. The 14-foot high drive-in door provides additional flexibility for various operational needs. The entire 24,832 square feet is currently vacant, offering immediate occupancy for a new tenant. This property is also available for sale.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.