Gas Station and Warehouse
For Sale
$5,900,000
111 Hines Street W, Wilson, NC 27893
Commercial Sale, Wilson, NC
Property Size15,940 SF
Lot Size1.60 Acres
Price / SF$370.14
Days on Market887
Property Features for 111 Hines Street W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Subdivision
Wilson
Directions
Take Raleigh road to Hines stereet, property on right, corner of Hines & Henry street.
Standard status
Active
APN
3722-10-1199.000
Size
15,940 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
111 HINES ST W TR-1 1.00LT
Tax Annual Amount
1045
Legal Description
111 HINES ST W TR-1 1.00LT
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1969
Listing Agency:
Green Valley Realty
Listed By:
Denise Allan · License #282384
(252) 292-0615
Added: Apr 24, 2024
Changed: Aug 20
Last Checked: Sep 27 at 9:06PM
MLS# 100440565
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial offering combines a gas station and grill business with two warehouse buildings across multiple Wilson properties. The 2,000-square-foot JiffyMart facility includes new pumps and a canopy. A separate 9,500-square-foot warehouse at 115 Hines St W provides office space and a lift gate, while the 4,900-square-foot warehouse at 116 Spruce St W is powered. The assemblage covers approximately 1.60 acres in total.
The properties are located at 111 Hines Street W, 115 Hines St W, and 116 Spruce St W in Wilson, North Carolina. The primary property dates to 1969 and has electric heating. The package offers a combination of fuel retail, food service, warehouse, office, and powered industrial space within one commercial offering.
The properties are located at 111 Hines Street W, 115 Hines St W, and 116 Spruce St W in Wilson, North Carolina. The primary property dates to 1969 and has electric heating. The package offers a combination of fuel retail, food service, warehouse, office, and powered industrial space within one commercial offering.
Key Highlights
- Approximately 1.60 acres across multiple commercial properties
- 2,000 sq ft JiffyMart gas station with new pumps and canopy
- 9,500 sq ft warehouse with offices and a lift gate at 115 Hines St W
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$197,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,959,500
$4.0M
Cap Rate 7%
$2,828,214
$2.8M
Cap Rate 9%
$2,199,722
$2.2M
Market Conditions
NOI Build-Up for 15,940 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$286.9K $18.00/SF
− Vacancy
−$23.0K −$1.44/SF
EGI
$264.0K $16.56/SF
− OpEx
−$66.0K −$4.14/SF
NOI
$198.0K $12.42/SF
Area
Wilson County, NC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,959,500
Cap Rate 7%
$2,828,214
Cap Rate 9%
$2,199,722
Alternative Uses
Best Use
Specialty Retail
$2.83M
$2.47M – $3.30M
NOI $197,975 @ 7.0% cap · market cap 3.36%
Second Best
Retail
$2.36M
$2.07M – $2.76M
NOI $165,395 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$3.83M
$3.35M – $4.46M
NOI $267,807 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Explore this area
Business Placement
Demographics for 27893, NC
37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Gas station - Commercial package combines a fuel station with two warehouse buildings and supporting office space.
Where is this gas station located?
The property is located at 111 Hines Street W Wilson, NC.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Approximately 1.60 acres across multiple commercial properties; 2,000 sq ft JiffyMart gas station with new pumps and canopy; 9,500 sq ft warehouse with offices and a lift gate at 115 Hines St W
