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    3040 Black Creek Rd SE Wilson, NC 27893
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    Property profile & analytics

    3040 Black Creek Rd SE Wilson, NC 27893

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    • Manufacturing properties
    • 195,718 SF
    • 36.18 lot acres
    For Lease
    $4 SF/Yr
    View Listing →
    Manufacturing and Warehouse Space Available For Lease
    $4 SF/Yr
    116,728 SF

    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 Listing
    Property ID
    US53-4530627
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,670,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Atlantic Global Supply / Pharmacy
    • TetraTech Biosciences / Factory / Production Facility
    • Averix Bio / Factory / Production Facility

    Property Details for 3040 Black Creek Rd SE

    Year built
    1970
    Lot size
    36.18 lot acres
    Property size
    195,718 SF
    Property type
    Manufacturing properties
    APN
    3720-45-1930.000
    APU
    3720451930000

    Description

    This expansive industrial property, located at 3040 Black Creek Road SE in Wilson, North Carolina, offers 151,108 square feet of warehouse space available for lease within a larger 197,366 square foot building. Built in 1970 and renovated in 2003, this single-story structure sits on 36.18 acres of land in Wilson County and features four dock-high doors. The property boasts ample parking with 155 spaces available. Power is substantial, with 3,000 amps of 277-480v 3-phase 4-wire heavy power. The space is highly adaptable and can be subdivided to suit tenant needs. The property includes fenced outdoor storage and a laydown yard, providing additional flexibility. Its strategic location offers easy access to major transportation arteries, being only 0.7 miles from I-587/US-264, 4 miles from I-795, and 8 miles from I-95, ensuring convenient commutes for employees and efficient logistics for businesses. This property presents a unique opportunity for businesses seeking a large, well-maintained warehouse space in a prime location. The zip code is 27893.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,630,000
      ML approach
      $3,375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,203,000
      Market price range: $1.68M - $13.1M
      AI Estimate
      $2,914,000
      Market price range: $1.71M - $8.77M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.9085
    Latitude
    35.6842
    CBSA code
    48980
    CBSA name
    WILSON, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $97,015
    $594,546
    $4,431,211
    $5,025,757
    -
    $594,546
    $4,431,211
    $5,025,757

    Comparable in this City

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    • Value Estimation
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      39,675 SF

      4940 Lamm Rd

      MANUFACTURING (LIGHT) • 39,675 SF
      4940 Lamm Rd, Wilson, NC 27893-9693
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    • Value Estimation
      $5,280,000
      129,404 SF

      1900 Charleston SE St

      MANUFACTURING (LIGHT) • 129,404 SF
      1900 Charleston SE St, Wilson, NC 27893-9032
      View Details
    • Value Estimation
      $3,705,000
      96,940 SF

      2401 Wilco S Blvd

      MANUFACTURING (LIGHT) • 96,940 SF
      2401 Wilco S Blvd, Wilson, NC 27893-9017
      View Details
    • Value Estimation by Request
      8,218 SF

      4216 Williamson Rd

      MANUFACTURING (LIGHT) • 8,218 SF
      4216 Williamson Rd, Wilson, NC 27893-8558
      View Details
    • Value Estimation
      $1,430,000
      25,920 SF

      4700 International Blvd

      HEAVY MANUFACTURING • 25,920 SF
      4700 International Blvd, Wilson, NC 27893
      View Details

    Similar Nearby for Sale

    • $215,000
      Pending

      Wilson, NC Mixed-Use Opportunity

      Mixed-use property near Wilson stadium with commercial and residential potential.
      900 Douglas St S, Wilson, NC 27893
      View Details
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      Wilson Corner Location For Sale

      Prime corner location with redevelopment potential in Wilson, North Carolina.
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    • $215,000
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      Wilson Mixed-Use Development Opportunity

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    • $89,900

      Commercial Lot Zoned RMX

      Commercial lot for sale, zoned RMX.
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    Similar Nearby for Lease

    • $4 SF/Yr

      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
    • 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
    • $4,950 /Mo
      5,100 SF

      Versatile Commercial Space, Wilson, NC

      Office and warehouse space ideal for service-based businesses.
      1902 Baldree Rd S, Wilson, NC 27893
      View Details
    • $2,500 /Mo
      6,867 SF

      Retail Space in Downtown Wilson

      Retail opportunity in high-traffic area near downtown Wilson.
      310 Nash St NE, Wilson, NC 27893
      View Details
    • $2,400 /Mo
      1,934 SF

      Retail or Restaurant Space Available

      High-traffic shopping center space, ideal for retail or restaurant.
      4000 Ward Blvd, Wilson, NC 27893
      View Details
    • $3,000 /Mo
      6,867 SF

      Downtown Retail Space Available

      Retail space in downtown Wilson, high-traffic location.
      310 Nash St NE, Wilson, NC 27893
      View Details
    View Listing
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    Wilson, NC 27893
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    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
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    3040 Black Creek Rd SE, Wilson, NC, 27893
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