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    20 Covil Ave Wilmington, NC 28403

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    For Lease
    $5,200 /Mo ($8 SF/Yr)

    Two adjoining flex/industrial buildings totaling 7,300 SF for lease.

    Property size:
    7,300 SF
    Lot size:
    0.83 Acres

    Property Features for 20 Covil Ave

    General Information

    Size
    7,300 SF
    Lot size
    0.83 Acres

    Source: Cape Fear Commercial, LLC Agent Jason McLeod

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Flex/Industrial Buildings For Lease

    Two adjoining flex/industrial buildings totaling 7,300 SF are available for lease, with the option to occupy both spaces together. The property includes two distinct units: a 4,800 SF space featuring a small showroom, two private offices, generous warehouse workspace, and a roll-up door with dock-high loading; and a 3,500 SF space, currently configured as an automotive repair shop, with a large grade-level roll-up door and a small office. Positioned at a prominent, high-traffic intersection, the property offers excellent visibility and convenient access to market hubs. This versatile opportunity is ideal for businesses seeking a functional blend of office, retail, and industrial space in a highly desirable and accessible location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -77.9047024
    Latitude
    34.2394887

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    FAQs

    What type of property is this?
    Flex space - Two adjoining flex/industrial buildings totaling 7,300 SF for lease.
    Where is this flex space located?
    The property is located at 20 Covil Ave Wilmington, NC.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic intersection location provides excellent visibility and access.; - Two adjoining buildings totaling 7,300 SF offer flexible usage options.; - 4,800 SF unit includes **showroom, offices, warehouse space, and dock-high loading.**
    (910) 262-3818
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    Wilmington, NC 28403
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    Realmo Value Estimation

    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.

    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.

    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
    20 Covil Ave Wilmington, NC 28403
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