Building Details

Year Built 1950

Listing Agency: Fathom Realty NC, LLC

Listed By: Melvin Ray Rogers Show Phone

Source: Tcrnc

Added: Aug 11 Changed: Oct 3 Last Checked: Oct 7 at 2:08PM

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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

Investment Insights

Based on property information with market context.

This 1,440-square-foot automotive property combines a one-bay mechanic shop with an adjoining office building. Built in 1950, the configuration provides dedicated space for vehicle service and administrative functions in one commercial asset. The layout is suited to automotive operations including repair, inspections, tires, detailing, or vehicle sales, as described for the property.

The property is located at 219 E Main St in Fremont, NC, along the Main Street corridor. Its position provides road frontage and access to Goldsboro, Wilson, Smithfield, Kenly, and I-795. The site serves as a commercial base for an automotive business seeking both service-area functionality and office space.

Key Highlights

• 1,440 SF automotive property with an adjoining office building
• One‑bay mechanic shop configuration
• Built in 1950

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,756

Cap Rate

8.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,120 $375.1K

Cap Rate 7%

$267,943 $267.9K

Cap Rate 9%

$208,400 $208.4K

Market Conditions

NOI Build-Up for 1,440 SF

Gross rent

$31.1K $21.60/SF

− Vacancy

−$6.1K −$4.23/SF

EGI

$25.0K $17.37/SF

− OpEx

−$6.3K −$4.34/SF

NOI

$18.8K $13.02/SF

Area

Wayne County, NC

Vacancy

19.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,120

Cap Rate 7%

$267,943

Cap Rate 9%

$208,400

Alternative Uses

Best Use

Office B

$267.9K

$234.5K – $312.6K (±1% cap)

NOI $18,756 @ 7.0% cap · market cap 8.34%

Second Best

Retail

$252.5K

$220.9K – $294.5K (±1% cap)

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

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

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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

Well-served

Demand for This Use

Explore this area Business Placement

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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 - Commercial layout combines an automotive service area with an adjoining office building.

Where is this auto shop located?

The property is located at 219 E Main St 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: 1,440 SF automotive property with an adjoining office building; One‑bay mechanic shop configuration; Built in 1950