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    4002 Raleigh Road Pkwy W Wilson, NC 27896
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    4002 Raleigh Road Pkwy W, Wilson, NC 27896

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    • Commercial real estate
    • 4,485 SF
    • 1.90 lot acres
    For Sale
    $1,900,000
    View Listing →
    Wilson, NC Commercial Site For Sale
    $1,900,000
    1.90 Acres

    Wilson, NC Commercial Site

    Premium commercial land on high-traffic Raleigh Road Parkway.

    4002 Raleigh Road Parkway W, Wilson, NC 27896
    View Listing
    Property ID
    US53-4266888
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4002 Raleigh Road Pkwy W

    Year built
    1990
    Lot size
    1.90 lot acres
    Property type
    Commercial real estate
    APN
    3702594871.000

    Description

    This exceptional 1.9-acre commercial land parcel, located at 4002 Raleigh Road Parkway West in Wilson, North Carolina (27896), presents a significant investment opportunity. The property boasts 4,485 square feet and is zoned GC, offering considerable flexibility for a variety of commercial developments. Built in 1990, this site benefits from its high-traffic location on Raleigh Road Parkway, providing excellent visibility and accessibility. Nearby amenities include restaurants, car dealerships, and apartment complexes, ensuring a robust customer base. The asking price is $950,000, translating to $211.82 per square foot. The property's APN is 3702594871.000. This lot offers the potential for synergy with an adjacent 0.85-acre parcel (not included in this listing), creating a combined 2.75-acre tract for a larger-scale development. The combined property price for both lots is $1,600,000. This prime location is ideal for a restaurant, shopping center, office complex, or other commercial venture. Seize this chance to acquire a highly desirable commercial property in a thriving area. The property is situated in Wilson County, North Carolina.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.9704075
    Latitude
    35.751433

    Comparable in this City

    • $1,900,000
      0.85 Acres

      Prime Commercial Land in Wilson

      High-traffic location suitable for various commercial projects.
      4004 Raleigh Road Pkwy W, Wilson, NC 27896
      View Details
    • $750,000
      4.15 Acres

      Commercial Land on Well-Traveled Road

      4+ acres of commercially zoned land in Wilson, North Carolina.
      3405 Airport Blvd NW, Wilson, NC 27896
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    • $110,000
      0.22 Acres

      Ready-to-Build Lot in Wilson, NC

      Cleared 0.22-acre lot in established neighborhood, ready for your dream home.
      3517 S Meade Pl NW, Wilson, NC 27896
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    • $180,000
      0.59 Acres

      Commercial Land in Wilson, NC

      Prime commercial land opportunity in high-traffic Wilson corridor.
      Forest Hills Rd NW, Wilson, NC 27896
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    • $750,000
      180,774 SF

      Prime Commercial Land Opportunity

      Expansive commercial land parcel, prepped for business venture.
      3405 Airport Blvd Northwest, Wilson, NC 27896
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    • $84,900
      0.57 Acres

      Wilson Country Club Buildable Lot

      Buildable lot in Wilson Country Club with golf course views.
      4506 Saint Andrews Dr N, Wilson, NC 27896
      View Details

    Similar Nearby for Sale

    • $1,900,000
      0.85 Acres

      Prime Commercial Land in Wilson

      High-traffic location suitable for various commercial projects.
      4004 Raleigh Road Pkwy W, Wilson, NC 27896
      View Details
    • $750,000
      180,774 SF

      Prime Commercial Land Opportunity

      Expansive commercial land parcel, prepped for business venture.
      3405 Airport Blvd Northwest, Wilson, NC 27896
      View Details
    • $84,900
      0.57 Acres

      Wilson Country Club Buildable Lot

      Buildable lot in Wilson Country Club with golf course views.
      4506 Saint Andrews Dr N, Wilson, NC 27896
      View Details
    • Contact for pricing
      Pending

      1.66 Acre Retail Outparcel

      Outparcel near retail node and Target anchored center.
      3401-4 Raleigh Road Pkwy W, Wilson, NC 27896
      View Details
    • $1,900,000
      1.90 Acres

      Wilson, NC Commercial Site

      Premium commercial land on high-traffic Raleigh Road Parkway.
      4002 Raleigh Road Pkwy W, Wilson, NC 27896
      View Details
    • $180,000
      0.59 Acres

      Commercial Land in Wilson, NC

      Prime commercial land opportunity in high-traffic Wilson corridor.
      Forest Hills Rd NW, Wilson, NC 27896
      View Details

    Similar Nearby for Lease

    • $3,600 /Mo
      2,534 SF

      Commercial Space in Busy Center

      Commercial space available in high-traffic Wilson, NC location.
      3475 Airport Blvd NW, Wilson, NC 27896
      View Details
    • Contact for pricing

      Big Lots Anchored Shopping Center

      73,102 SF shopping center in Wilson, North Carolina.
      1700 Raleigh Road Pkwy W, Wilson, NC 27896
      View Details
    • Contact for pricing
      3,850 SF

      Retail Space Available For Rent

      Retail space available for lease in Wilson, North Carolina.
      3401 Raleigh Road Pkwy West, Wilson, NC 27896
      View Details
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    Wilson, NC 27896
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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.

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