Building Details

Year Built 1950

Buildings 2

Listing Agency: Fathom Realty NC, LLC c***@fathomrealty.com Show Phone

Listed By: Melvin Ray Rogers · License #339188 Show Phone

Source: Thorperealtyco

Added: Jul 7 Changed: Nov 2 Last Checked: Nov 2 at 2:32AM

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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 Fathom Realty NC, LLC

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Investment Insights

Based on property information with market context.

This automotive property in Fremont combines a one-bay mechanic shop with an adjoining office building. The site is at 213 E Main Street, and the building dates to 1950.

The property has road frontage along E Main Street, with access to Goldsboro, Wilson, Smithfield, Kenly, and I-795.

Key Highlights

• One‑bay mechanic shop with an adjoining office building
• Located at 213 E Main Street in Fremont, NC 27830
• Road frontage along the Main Street corridor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,672

Cap Rate

7.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$353,440 $353.4K

Cap Rate 7%

$252,457 $252.5K

Cap Rate 9%

$196,356 $196.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,440 SF

Gross rent

$25.9K $18.00/SF

− Vacancy

−$674 −$0.47/SF

EGI

$25.2K $17.53/SF

− OpEx

−$7.6K −$5.26/SF

NOI

$17.7K $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%

$353,440

Cap Rate 7%

$252,457

Cap Rate 9%

$196,356

Alternative Uses

Best Use

Retail

$252.5K

$220.9K – $294.5K (±1% cap)

NOI $17,672 @ 7.0% cap · market cap 7.85%

Second Best

Mixed Use

$208.3K

$182.3K – $243.0K (±1% cap)

NOI $14,580 @ 7.0% cap · market cap 6.48%

Theoretical Best

Specialty Retail

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $81,040 @ 7.0% cap · market cap 36.02%

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

Auto shops

Suggested Use

Top Pick HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Pharmacy Cafe & Coffee Shop Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Service bays

Yes

Highway access

Yes

Paved road access

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Fenced Auto Shop with Office

219 E Main Street, Fremont, NC 27830

$225,000

1,440 SF

View details

Historic Church with Fellowship Hall

1764 Black Creek Rd E, Fremont, NC 27830

$199,900

3,600 SF

View details

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 one-bay mechanic shop is paired with a separate office building on E Main Street.

Where is this auto shop located?

The property is located at 213 E Main Street Fremont, NC.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: One‑bay mechanic shop with an adjoining office building; Located at 213 E Main Street in Fremont, NC 27830; Road frontage along the Main Street corridor