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    Flexible Office-Light Industrial Unit Title is generated by Realmo AI

    109 Hinton Avenue, Wilmington, NC 28403

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    For Lease
    $1,150/Mo $21 SF/Yr (calc)

    COMMERCIAL - Wilmington, NC

    Property size:
    648 SF
    Lot size:
    0.02 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    90
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 109 Hinton Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    X
    Parking features
    Parking Lot, Off Street
    Standard status
    Active
    APN
    R06206-007-023-000
    Size
    648 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Unit 109-2 Ph 1 Hinton Trade Center
    Expense value
    1500
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1995
    Flooring type
    Laminate

    We can help!

    Listing Contact
    Carol L Myers

    Listing agent Carol L Myers License #266218

    Listing office Myers Realty Inc 14254 NC Hwy 50, Surf City, NC

    Listing date Mar 5, 2026

    MLS# 100558359

    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.

    HighLights

    • For lease commercial unit in Hinton Trade Park at 109 Hinton Ave, Unit 2, Wilmington
    • 648 sq. ft. layout with front reception/work area plus private bathroom and rear open industrial/work space
    • Rear space includes a rolling garage door for convenient loading and deliveries
    • Laminate flooring in the unit, with front entrance facing Hinton Ave
    • Parking lot and off‑street parking available
    • Electric heating and heat pump heating/cooling; public water service

    Overview

    This commercial unit in Hinton Trade Park offers a flexible layout designed to support office, service, or light industrial use. A front office area faces Hinton Avenue and includes a reception/work area plus a private bathroom, providing space for clients or administrative needs. The rear portion is an open industrial/work area finished with laminate flooring, with a rolling garage door for convenient loading and deliveries.

    The unit is located at 109 Hinton Avenue in Wilmington and sits within a trade park setting with access to major Wilmington business corridors. The front entrance is oriented toward Hinton Avenue, bringing the office component to the street-facing side of the property.

    For tenants seeking a compact space that combines customer-facing office functions with an open work area, this configuration is practical. The rolling garage door supports day-to-day handling, while the dedicated reception and bathroom help separate professional work from the rear work area. The space is available now and is offered with a one-year lease requirement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stone Laboratories Wilmington Dental Office Musselwhite Dental Laboratory Dental Office The Cape Fear Grooming ... Pet Grooming Service ABC Bartending School Vocational School Coastal Dental Health ... Employment Agency

    Suggested Use

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

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

    Similar Places Nearby

    • Atlantic Quest Catering Co — 209 Englewood Dr, Wilmington, NC 28409
    • Grazy in love — 217 Myrtle Ave, Wilmington, NC 28403

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.849719
    Latitude
    34.210421

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    FAQs

    What type of property is this?
    Flex space - Office reception and private bathroom fronting Hinton Avenue, with a rear open work area and rolling garage door.
    Where is this flex space located?
    The property is located at 109 Hinton Avenue Wilmington, NC.
    What is the lease rate?
    The lease rate is $1,150 /Mo.
    What are key features of this property?
    This property features: For lease commercial unit in Hinton Trade Park at 109 Hinton Ave, Unit 2, Wilmington; 648 sq. ft. layout with front reception/work area plus private bathroom and rear open industrial/work space; Rear space includes a rolling garage door for convenient loading and deliveries
    (910) 358-8424
    We can help!
    Listing Contact
    Carol L Myers
    Real Estate License ID: 266218
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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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