Gas Station and Warehouse
For Sale
$5,900,000
111 Hines St W, Wilson, NC 27893
Multi-property commercial offering combines a gas station and grill business with warehouse and office improvements.
Property Size15,940 SF
Lot Size1.60 Acres
Price / SF$370.14
Days on Market45
Property Features for 111 Hines St W
General Information
Standard status
Active
Size
15,940 SF
Lot size
1.60 Acres
Financials
Asking Price
$5,900,000
Business Included
Yes
Amenities
canopy
offices
lift gate
Building Details
Year Built
1969
Buildings
3
Listing Agency:
Green Valley Realty
(252) 292-0615
Listed By:
Denise Allan, Abder Allan · License #NC#282302
Source:
Bradberrygarnerrealestate
Added: Jul 17
Changed: Aug 29
Last Checked: Aug 25 at 8:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Green Valley Realty
Investment Insights
Based on property information with market context.
This commercial package includes a gas station and grill business at 111 Hines St W, along with two warehouse properties. The JiffyMart facility contains 2,000 square feet and features new pumps and a canopy. A separate 9,500-square-foot warehouse at 115 Hines St W includes offices and a lift gate, while the 4,900-square-foot warehouse at 116 Spruce St W is powered.
The properties span approximately 1.60 acres in Wilson, North Carolina, and include operational improvements suited to fuel retail, food service, storage, and office functions. The offering brings together multiple buildings and addresses within the same commercial package.
The properties span approximately 1.60 acres in Wilson, North Carolina, and include operational improvements suited to fuel retail, food service, storage, and office functions. The offering brings together multiple buildings and addresses within the same commercial package.
Key Highlights
- Gas station and grill business at 111 Hines St W
- JiffyMart facility measures 2,000 square feet with new pumps and canopy
- 9,500‑square‑foot warehouse at 115 Hines St W includes offices and a lift gate
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
$200,844
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
3.40%
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%
$4,016,880
$4.0M
Cap Rate 7%
$2,869,200
$2.9M
Cap Rate 9%
$2,231,600
$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
$334.7K $21.00/SF
− Vacancy
−$66.9K −$4.20/SF
EGI
$267.8K $16.80/SF
− OpEx
−$66.9K −$4.20/SF
NOI
$200.8K $12.60/SF
Area
Wilson County, NC
Vacancy
20.00%
Lease Rate
$21.00 /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%
$4,016,880
Cap Rate 7%
$2,869,200
Cap Rate 9%
$2,231,600
Alternative Uses
Best Use
Office B
$2.87M
$2.51M – $3.35M
NOI $200,844 @ 7.0% cap · market cap 3.40%
Second Best
Specialty Retail
$2.83M
$2.47M – $3.30M
NOI $197,975 @ 7.0% cap · market cap 3.36%
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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Multi-property commercial offering combines a gas station and grill business with warehouse and office improvements.
Where is this gas station located?
The property is located at 111 Hines St 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: Gas station and grill business at 111 Hines St W; JiffyMart facility measures 2,000 square feet with new pumps and canopy; 9,500‑square‑foot warehouse at 115 Hines St W includes offices and a lift gate
