Technical
Financial
Distress signals
Property profile

113 Spruce W St Wilson, NC 27893

OFF-MARKET
Warehouses
Property ID
US53-4443120
24,832 SF 1.74 ac lot Built 1960
Individually Owned 13-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1960
Total area 24,832 SF
Lot 1.74 ac (75,794 SF)
APN 3722-00-7143.000
UPID US53-4443120

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

113 Spruce W St Wilson, NC 27893
Wilson metro Census 100 WILSON, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2012
Last sale
$900,000
1 recorded transaction
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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