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    Automotive Shop with Office Title is generated by Realmo AI

    219 E Main Street, Fremont, NC 27830

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    For Sale
    $275,000

    COMMERCIAL - Fremont, NC

    Property size:
    1,440 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $190/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 219 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    GB
    Parking
    25
    Fencing
    Gate, Fenced
    Standard status
    Active
    APN
    3605545389
    Size
    1,440 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Main St
    Tax Annual Amount
    392

    Utilities

    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Flooring type
    Brick
    Building materials
    Block

    We can help!

    Listing Contact
    Melvin Ray Rogers

    Listing agent Melvin Ray Rogers

    Listing office Fathom Realty NC, LLC 11312 US 15-501 N Ste. 107-12, Chapel Hill, NC

    Listing date Jun 4, 2026

    MLS# 10171767

    Copyright © 2026 Doorify 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

    • Block commercial property with brick flooring and a 1‑bay mechanic shop plus adjoining office building
    • Built in 1950 and served by public water
    • Fenced with a gate, offering controlled access on‑site
    • Located on a Main Street corridor in Fremont, NC with road frontage and convenient access to Goldsboro, Wilson, Smithfield, Kenly, and I‑795

    Overview

    The property is a versatile automotive-focused site featuring a 1-bay mechanic shop along with an adjoining office building. With this layout, the space supports both light service/repair operations and administrative needs on-site, with a combined setup that can work for automotive service, inspection-related uses, detailing, or other compatible service formats. The property is offered as real estate, with a lot size of 0.4 acres and a building size of 1,440 square feet.

    Located in Fremont, North Carolina at 219 E Main Street, the site is positioned along a highly visible Main Street corridor. The property offers road frontage and convenient customer access within Wayne County. It also provides access routes to Goldsboro, Wilson, Smithfield, Kenly, and I-795, supporting regional connectivity for both employees and customers. The property is listed under zoning GB.

    For operators, the combination of a 1-bay shop and adjoining office supports day-to-day workflow where customer-facing service and office administration can be handled from the same address. This configuration may also appeal to buyers looking for an automotive-oriented location where permitted uses align with the GB zoning designation. As presented, it is suited to businesses that need on-site service space plus an office component for coordination and customer management.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $31.1k $21.60
    − Vacancy −$6.1k −$4.23
    EGI $25.0k $17.37
    − OpEx −$6.3k −$4.34
    NOI $18.8k $13.02
    1,440 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $267.9K
    $234.5K – $312.6K (±1% cap)
    NOI $18,756 @ 7.0% cap · market cap 6.82%
    Second Best
    Retail
    $252.5K
    $220.9K – $294.5K (±1% cap)
    NOI $17,672 @ 7.0% cap · market cap 6.43%
    Theoretical Best
    Specialty Retail
    $1.16M
    $1.01M – $1.35M (±1% cap)
    NOI $81,040 @ 7.0% cap · market cap 29.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Pharmacy Skin Care Clinic Auto Repair Shop Department Store Bar & Pub HVAC Service Kitchen & Bath Showroom

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

    Similar Places Nearby

    • RP Towing LLC
    • Bill Edmundson Garage — Fremont, NC 27830
    • Versare Automotive — 103 S Wilson St, Fremont, NC 27830
    • Aerogel Towings LLC — 204 S Goldsboro St, Fremont, NC 27830
    • Drill Towings LLC — 206 W South St, Fremont, NC 27830

    Location Insight

    • Map
    • Local Demand
    City
    Fremont
    County
    Wayne
    State
    North Carolina
    Longitude
    -77.989024
    Latitude
    35.543971

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    FAQs

    What type of property is this?
    Auto shop - Automotive property with a 1-bay mechanic shop and adjoining office, positioned on a highly visible Main Street corridor.
    Where is this auto shop located?
    The property is located at 219 E Main Street Fremont, NC.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Block commercial property with brick flooring and a 1‑bay mechanic shop plus adjoining office building; Built in 1950 and served by public water; Fenced with a gate, offering controlled access on‑site
    (919) 514-7365
    We can help!
    Listing Contact
    Melvin Ray Rogers
    Request Owner's contact information
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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.

    More about this property
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