Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    155 Porters Neck Road Wilmington, NC 28411

    View on Map
    For Lease
    $153,672

    COMMERCIAL - Wilmington, NC

    Property size:
    6,403 SF
    Lot size:
    1.80 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 1 at 6:06 am

    Property Features for 155 Porters Neck Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B-1
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    R02800-001-178-000
    Size
    6,403 SF
    Lot size
    1.80 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    See Exhibit
    TaxAnnualAmount
    13584
    Expense value
    12806
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2019
    Flooring type
    Tile, Carpet, Concrete
    Building materials
    Metal Siding, Brick
    Roof type
    Membrane

    We can help!

    Listing Contact
    Jeffrey G Hovis
    Jeffrey G Hovis

    Listing agent Jeffrey G Hovis License #234605

    Listing office Intracoastal Realty Corp 1900 Eastwood Road, Suite 38, Wilmington, NC

    Listing date Feb 19, 2026

    MLS# 100555664

    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.

    Overview

    Porters Neck Commercial Space Available

    Available for lease is a 6,400+ square foot commercial space, identified as Unit B, situated in the Porters Neck area. The property is located within a recently constructed retail, restaurant, and office complex, anchored by Slice of Life and near Lowe's Home Improvement. The surrounding area features expanding retail, dining, hotel, and residential developments. The layout includes office, classroom, and assembly space. The property is currently occupied, with the tenant scheduled to vacate this summer. The lease rate is $24 per square foot, with an estimated TICAM of $7 per square foot. The property is zoned B-1 and is located in Wilmington, NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Slice of Life Pizzeria ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.792884
    Latitude
    34.300253

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Wilmington Flex Space Available

      Versatile flex space with office, warehouse, and logistics capabilities.
      901 Martin Street unit: A, Wilmington, NC 28401
      View Details
    • Contact for pricing

      Wilmington Retail Space For Lease

      900 SF retail space in a high-traffic Wilmington location.
      4904 Carolina Beach Road unit: C, Wilmington, NC 28412
      View Details
    • Contact for pricing

      Private Office Space Available

      Single-room office in Wilmington, NC, ideal for small business professionals.
      1901 Kent Street unit: J, Wilmington, NC 28403
      View Details
    • Contact for pricing

      Historic Cottage Office Space Available

      Renovated office space in historic cottage, utilities included.
      516 Princess Street, Wilmington, NC 28401
      View Details
    • Contact for pricing

      Wilmington Executive Office Suite

      Private office in professional building with all-inclusive pricing.
      4312 Henson Drive unit: 1, Wilmington, NC 28405
      View Details
    • Contact for pricing

      Downtown Wilmington Flexible Executive Office

      Move-in-ready commercial space in Wilmington's Historic Downtown District.
      404 N 3rd Street unit: 101 & 110 & 203A, Wilmington, NC 28401
      View Details
    • Contact for pricing

      Downtown Wilmington Executive Office Suite

      Furnished office space in the heart of downtown Wilmington.
      404 N 3rd Street unit: 204, Wilmington, NC 28401
      View Details
    • Contact for pricing

      Salon Suites in Midtown Wilmington

      All-inclusive salon suites for lease in vibrant Midtown Wilmington.
      916 S 17th Street, Wilmington, NC 28401
      View Details
    • Contact for pricing

      Wilmington Retail End Unit

      Retail end unit available for lease in Wilmington, NC.
      3910 Princess Place Drive unit: A, Wilmington, NC 28405
      View Details
    • Contact for pricing

      Wilmington Commercial Space For Lease

      Two-story building in the heart of Wilmington available for lease.
      2451 College Road, Wilmington, NC 28412
      View Details
    • Contact for pricing

      Wilmington Commercial Space For Rent

      Flexible commercial space with UMX zoning in Wilmington, NC.
      1120 S 3rd Street, Wilmington, NC 28401
      View Details
    • Contact for pricing

      Flexible Office/Retail Space Available

      Move-in ready, adaptable space in prime Wilmington location.
      109 Hinton Avenue unit: Ste 14, Wilmington, NC 28403
      View Details

    FAQs

    What type of property is this?
    Retail space - 6,400+ SF commercial space in rapidly growing Porters Neck.
    Where is this retail space located?
    The property is located at 155 Porters Neck Road Wilmington, NC.
    What is the lease rate?
    The lease rate is $153,672.
    What are key features of this property?
    This property features: 6,400+ SF commercial space in the rapidly growing Porters Neck area.; Located in a recently constructed retail/restaurant/office complex.; Anchored by Slice of Life and near Lowe's Home Improvement.
    (910) 512-2205
    We can help!
    Listing Contact
    Jeffrey G Hovis
    Jeffrey G Hovis
    Real Estate License ID: 234605
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!