Property profile

312 Herring Ave E Wilson, NC 27893

FOR SALE
Warehouses
Property ID
US53-4171435
34,813 SF 0.86 ac lot Built 1944
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 312 Herring Avenue E in Wilson, North Carolina, presents a significant investment opportunity. Boasting a substantial 34,000 square feet of versatile space, this property sits on a generous 3-acre lot, offering ample room for expansion, development, or outdoor activities related to the business. The property's size and location make it ideal for a wide range of commercial uses, from warehousing and distribution to light manufacturing or retail operations. Its strategic position within Wilson provides easy access to major transportation routes, ensuring convenient logistics and accessibility for both employees and customers. The asking price of $4,500,000 reflects the property's significant size, prime location, and considerable potential for future growth and profitability. This is a rare opportunity to acquire a substantial commercial property in a thriving North Carolina market. The property's substantial size and versatile layout offer significant flexibility for a variety of business ventures. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. Detailed property information and specifications are available upon request. Don't miss this chance to secure a prime commercial asset in a dynamic and growing area. The property is ready for immediate occupancy, offering a seamless transition for any business seeking a new home.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1944
Total area 34,813 SF
Lot 0.86 ac (37,462 SF)
APN 3722-51-5519.000
UPID US53-4171435

Cap rate & NOI

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

Location

312 Herring Ave E Wilson, NC 27893
Wilson metro Census 702 WILSON, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
$637k
Blend (final) Blend
$410k

Owner & transaction history

since 2023
Last sale
$575,500
1 recorded transaction
2023
$575,500

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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