Gas Station and Warehouse
For Sale
$5,900,000
111 Hines Street 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 Market106
Property Features for 111 Hines Street W
General Information
Standard status
Active
Size
15,940 SF
Lot size
1.60 Acres
Property subtype
Commercial
Zoning
commercial
Financials
Asking Price
$5,900,000
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,044
Amenities
canopy
offices
lift gate
No
Yes
1.6
273x197x153x73x131x132
15940.0
Building Details
Year Built
1969
Buildings
3
Listing Agency:
Century 21 Coastal Advantage
(912) 233-6000
Listed By:
Graham Sadler · License #240357
(912) 398-0932
Source:
Baystreetrealtygroup
Added: Jul 17
Changed: Oct 29
Last Checked: Oct 28 at 4:55AM
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 Century 21 Coastal Advantage
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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 / Yr
$200,844
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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 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: 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
