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    4909 Raleigh Road Pkwy Wilson, NC 27893
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    Property profile & analytics

    4909 Raleigh Road Pkwy, Wilson, NC 27893

    View on Map
    • Grocery and convenience stores
    • 3.93 lot acres
    Off-Market
    Property ID
    US53-4158660
    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

    • Grocery and convenience stores

    Property Details for 4909 Raleigh Road Pkwy

    Lot size
    3.93 lot acres
    Property type
    Grocery and convenience stores

    Description

    This exceptional 3.93-acre retail site presents a remarkable investment opportunity in Wilson, North Carolina. Strategically located at Exit 121 on Interstate 95, at the intersection of Raleigh Road Parkway West (US-264) and I-95, this property boasts unparalleled visibility and accessibility for businesses seeking high traffic exposure. The expansive lot size offers significant development potential for a variety of retail uses, including convenience stores and quick-service restaurants, as indicated by its zoning and suitability for such establishments. Its prime location ensures a consistent flow of customers, making it an ideal location for businesses aiming to capitalize on the substantial traffic volume generated by this major interstate highway. The property's address is 4909 Raleigh Rd Pkwy W, Wilson, NC 27893, offering easy access for both local residents and travelers. This is a rare opportunity to acquire a highly visible and strategically located retail property in a growing market. The site's size and location make it an attractive prospect for investors and developers seeking a high-return investment in a thriving commercial area. Detailed site plans and zoning information are available upon request.

    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
    -77.998049749647
    Latitude
    35.762471088267

    Comparable in this City

    • $70,000
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      Commercial Lot in High Traffic

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      Downtown Wilson Retail Opportunity

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      Prime corner location with redevelopment potential in Wilson, North Carolina.
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      Industrial and Retail Property

      Six-building industrial and retail property with highway visibility.
      2014 Us Highway 301 N, Wilson, NC 27893
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    • $70,000
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      Commercial Lot in High Traffic

      Commercial lot suitable for various automotive and retail businesses.
      4161 Us 301 Hwy S, Wilson, NC 27893
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    Similar Nearby for Sale

    • $70,000
      Pending

      Commercial Lot in High Traffic

      Commercial lot suitable for retail or automotive businesses.
      4161 Us 301 Hwy S, Wilson, NC 27893
      View Details
    • $205,000
      1,833 SF

      Downtown Wilson Retail Opportunity

      Retail property for sale in downtown Wilson, North Carolina.
      133 Tarboro St SW, Wilson, NC 27893
      View Details
    • Contact for pricing
      3,289 SF

      Renovated Historic Retail Building

      Fully renovated historic downtown building with ample surface and street parking and multiple civic anchors nearby.
      211 Nash St, Wilson, NC 27893
      View Details
    • Contact for pricing
      15,940 SF

      Wilson Corner Location For Sale

      Prime corner location with redevelopment potential in Wilson, North Carolina.
      111 Hines St W, Wilson, NC 27893
      View Details
    • Contact for pricing
      98,500 SF

      Industrial and Retail Property

      Six-building industrial and retail property with highway visibility.
      2014 Us Highway 301 N, Wilson, NC 27893
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    • $70,000
      Pending

      Commercial Lot in High Traffic

      Commercial lot suitable for various automotive and retail businesses.
      4161 Us 301 Hwy S, Wilson, NC 27893
      View Details

    Similar Nearby for Lease

    • $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
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    • $1,200 /Mo
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      Downtown Wilson Commercial Space Available

      High-visibility commercial space near stadium, ideal for retail or office.
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      Retail or Restaurant Space Available

      Retail or restaurant space in high-traffic shopping center.
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      3,200 SF

      Downtown Wilson Revitalized Retail Space

      Renovated retail space in revitalizing downtown Wilson near Amtrak.
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      Restaurant Space in Wilson Center

      Restaurant opportunity in high-traffic shopping center near colleges.
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      1,878 SF

      Retail Space Near Interstate 95

      Retail spaces available near I-95, from 1,015 to 5,955 SF.
      5442 Lamm Rd, Wilson, NC 27893
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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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