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    Restaurant and Retail Space with Kitchen Title is generated by Realmo AI

    7219 Main Street, Wade, NC 28395

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    For Lease
    $1,800/Mo $5 SF/Yr (calc)

    COMMERCIAL - Wade, NC

    Property size:
    4,000 SF
    Lot size:
    0.80 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 7219 Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Off Street, Parking Lot
    Standard status
    Active
    APN
    0581-03-7721.000
    Size
    4,000 SF
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Description
    MARY JO WILLIAMS BUTLER RECOMB LO:1 SE:01 PL:0135-0168

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1972
    Building materials
    Brick

    We can help!

    Listing Contact
    AMY REYNOLDS

    Listing agent AMY REYNOLDS License #254811

    Listing office ACE REAL ESTATE 2224 HOPE MILLS ROAD, FAYETTEVILLE, NC

    Listing date Jun 3, 2026

    MLS# 763735

    Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Versatile commercial property on Main Street with approximately 4,000 SF of flexible indoor space
    • Previously operated as a restaurant for over 20 years; layout includes kitchen area, dining/retail space, and multiple office areas
    • Includes 3 bathrooms and multiple office areas, suitable for uses such as restaurant, retail, office, or event venue
    • About 0.8 acres with off‑street parking and a parking lot
    • Brick construction with heat pump heating and central air with electric cooling
    • Roof is approximately 2 years old; serviced by public water and public sewer

    Overview

    This versatile commercial property includes a kitchen area, spacious dining/retail space, multiple office areas, and three bathrooms, providing a flexible layout for a range of uses. The roof is described as being approximately two years old. The property is offered as a sizable, adaptable space intended to support new concepts or multi-purpose operations.

    Located on Main Street in Wade, NC, the asset benefits from the visibility and easy access described in the public remarks, with convenient regional connectivity noted to I-95, I-295, Hwy 87, and the airport. The site is approximately 0.8 acres, offering room for parking and space that may support future site needs.

    For prospective tenants, the combination of front-facing dining/retail area plus interior office spaces and three bathrooms can accommodate restaurant, retail, or office-oriented setups. The listing also notes that some modifications may be negotiated upon leasing. Business type will have to be approved prior to leasing, which can be an important consideration for prospective operators planning a specific use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Main Street Grill Restaurant the main street grille Restaurant Mama B’s Southern ... Restaurant

    Suggested Use

    Restaurant Hotel & Motel HVAC Service Grocery & Convenience Store Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Wade
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.729835
    Latitude
    35.161215

    FAQs

    What type of property is this?
    Conventional restaurant - Flexible commercial space on Main Street with a kitchen, dining/retail area, multiple office areas, and three bathrooms.
    Where is this conventional restaurant located?
    The property is located at 7219 Main Street Wade, NC.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: Versatile commercial property on Main Street with approximately 4,000 SF of flexible indoor space; Previously operated as a restaurant for over 20 years; layout includes kitchen area, dining/retail space, and multiple office areas; Includes 3 bathrooms and multiple office areas, suitable for uses such as restaurant, retail, office, or event venue
    (910) 229-9444
    We can help!
    Listing Contact
    AMY REYNOLDS
    Real Estate License ID: 254811
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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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