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    Property profile & analytics

    704 Selma SW St Wilson, NC 27893-4848

    • Day care centers
    • 2,056 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4224871
    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.

    Current Use by Public Records

    • Selma Street Head Start Center / High School / Daycare Center

    Property Details for 704 Selma SW St

    Year built
    1980
    Lot size
    0.25 lot acres
    Property size
    2,056 SF
    Property type
    Day care centers
    APN
    3711-98-1876.000
    APU
    3711981876000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.9247
    Latitude
    35.7204
    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
    $0.00
    $33,150
    $45,436
    $78,586
    -
    $33,150
    $45,436
    $78,586

    Comparable in this City

    • Value Estimation by Request
      10,764 SF

      2965 Frst Hls SW Rd

      DAY CARE, PRE-SCHOOL • 10,764 SF
      2965 Frst Hls SW Rd, Wilson, NC 27893-9298
      View Details
    • Value Estimation by Request
      1,176 SF

      515 Mt Vernon NW Dr

      DAY CARE, PRE-SCHOOL • 1,176 SF
      515 Mt Vernon NW Dr, Wilson, NC 27893
      View Details
    • Value Estimation by Request
      16,481 SF

      1900 Lipscomb E Rd

      DAY CARE, PRE-SCHOOL • 16,481 SF
      1900 Lipscomb E Rd, Wilson, NC 27893-5615
      View Details
    • Value Estimation
      $1,995,000
      10,858 SF

      2305 Madison W Dr

      DAY CARE, PRE-SCHOOL • 10,858 SF
      2305 Madison W Dr, Wilson, NC 27893-2164
      View Details
    • Value Estimation by Request
      2,130 SF

      1915 Stantonsburg SE Rd

      DAY CARE, PRE-SCHOOL • 2,130 SF
      1915 Stantonsburg SE Rd, Wilson, NC 27893-8406
      View Details
    • Value Estimation by Request
      5,104 SF

      211 Pender SE St

      DAY CARE, PRE-SCHOOL • 5,104 SF
      211 Pender SE St, Wilson, NC 27893-5211
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Elegant Commercial Arts & Crafts Home

      Turn-of-the-century home suitable for office or special events.
      509 W Nash St, Wilson, NC 27893
      View Details
    • $450,000
      5.58 Acres

      Wilson Land For Sale

      5.58 acre land suitable for residential and industrial use.
      1708-1710 London Church Rd NE, Wilson, NC 27893
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    • $215,000
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      Wilson Mixed-Use Development Opportunity

      Industrial warehouse near stadium, ideal for mixed-use development.
      902 Douglas St S, Wilson, NC 27893
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    • $60,000
      0.15 Acres

      Residential Lot in Historic District

      0.15 acre corner lot in Wilson's historic district.
      310 Maplewood Ave NE, Wilson, NC 27893
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    • $339,900
      2.37 Acres

      Wilson, NC Vacant Commercial Land

      2.37 acres of commercial land in a high-traffic area.
      2015 Westwood Ave W, Wilson, NC 27893
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    • $45,000
      0.72 Acres

      Residential Land in Wilson, NC

      Residential land lot for sale in Wilson, North Carolina.
      3711 Trace Dr, Wilson, NC 27893
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    Similar Nearby for Lease

    • Contact for pricing

      Established Neighborhood Strip Center

      Neighborhood strip center anchored by Piggly Wiggly and national retailers.
      1301 Ward Blvd, Wilson, NC 27893
      View Details
    • Contact for pricing

      Wilson Land with IMX Zoning

      4.74 acres with 2,100 SF building, ideal for recycling.
      404 Maury St S, Wilson, NC 27893
      View Details
    • $1,200 /Mo
      1,000 SF

      Downtown Wilson Commercial Space Available

      High-visibility commercial space near stadium, ideal for retail or office.
      1100 Downing St SW, Wilson, NC 27893
      View Details
    • Contact for pricing

      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
    • $35 SF/Yr
      1,850 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
      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
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    704 Selma SW St
    Wilson, NC 27893-4848
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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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