Two-Bay Auto Service
103 S Wilson Street, Fremont, NC 27830
For Sale
New
$375,000
Commercial Sale, Fremont, NC
Property Size2,000 SF
Lot Size0.42 Acres
Price / SF$187.50
Days on Market2
Property Features for 103 S Wilson Street
General Information
Property type
Property subtype
Zoning
Parking features
Directions
Standard status
APN
Size
Lot size
Additional Details
Real Estate Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Underwood Properties
Listed By:
David Underwood · License #195575
(919) 344-9669
Added: Nov 6
Last Checked: Nov 7 at 7:06AM
MLS# 100614929
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1950, this 2,000-square-foot block building has a two-bay garage with a lift and concrete flooring. The property also includes a fenced storage area and sits on 0.4201 acres. Earlier uses included auto service, a convenience store, and a restaurant.
The property is zoned GB and has public water and sewer. Heating is provided by propane and natural gas, with central air conditioning. Garage and driveway parking are listed.
The property is zoned GB and has public water and sewer. Heating is provided by propane and natural gas, with central air conditioning. Garage and driveway parking are listed.
Key Highlights
- Two‑bay garage with lift
- 2,000‑square‑foot building on 0.4201 acres
- Fenced storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,545
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,900
$490.9K
Cap Rate 7%
$350,643
$350.6K
Cap Rate 9%
$272,722
$272.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$936 −$0.47/SF
EGI
$35.1K $17.53/SF
− OpEx
−$10.5K −$5.26/SF
NOI
$24.5K $12.27/SF
Area
Wayne County, NC
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,900
Cap Rate 7%
$350,643
Cap Rate 9%
$272,722
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,555 @ 7.0% cap · market cap 30.01%
Second Best
Retail
$350.6K
$306.8K – $409.1K
NOI $24,545 @ 7.0% cap · market cap 6.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
9,045 visits/mo
0.2 miles
Demographics for 27830, NC
4,377
Population
2,083
Households
2.1
Avg Household Size
46
Median Age
18%
College-Educated
82%
High-School Grad
58.3 sq mi
ZIP Area
75
Density / Sq Mi
$51,115
Median Household Income
$38,085
Median Earnings
$807
Median Rent
$159,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- 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
- Bill Edmundson Garage — Fremont, NC 27830
- RP Towing LLC
Frequently Asked Questions
What type of property is this?
Auto shop - A fenced outdoor storage area adds capacity beyond the building’s service space.
Where is this auto shop located?
The property is located at 103 S Wilson Street Fremont, NC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑bay garage with lift; 2,000‑square‑foot building on 0.4201 acres; Fenced storage area
