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    7396 Main St Bethel, NC 27812

    View on Map
    New
    For Sale
    $130,000

    Commercial Building Historic Downtown Bethel, NC

    Property size:
    2,184 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $59/SF
    Added:
    Apr 30, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 30 at 4:26 pm

    Property Features for 7396 Main St

    General Information

    Standard status
    Active
    Property type
    Other specialty properties, Other commercial real estate, Mixed-use properties
    Size
    2,184 SF
    Class
    C
    Lot size
    0.10 Acres

    Building Details

    Year Built
    1901
    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Tim Ferruzzi
    Tim Ferruzzi

    Listing agent Tim

    Listing office

    Listing date Apr 30, 2026

    Overview

    Historic Commercial Building in Bethel

    A historic commercial building from the turn of the century is available in Bethel, North Carolina. The property, with a size of 2184, is situated on a lot of 0.1 acres. It can be used as a restaurant, a creative studio, or a retail enterprise approved by the seller. A 20-year restrictive covenant will be written into the deed, approving said uses with various use restrictions. Bethel is located about 10 miles northwest of Greenville and is accessible by U.S. Route 64 and close to other important routes.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Pharmacy Nail Salon Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethel
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.3769
    Latitude
    35.7717

    Nearby Similar for Sale

    • $120,000
      2,580 SF

      other-commercial-real-estate

      7412 Main St, Bethel, NC 27812
      View Details
    • $185,000
      4,010 SF

      Income Producing Multi-Family Opportunity

      Five homes for sale, all currently rented with long-term tenants.
      3733 East Street, Bethel, NC 27812
      View Details
    • $395,000

      Five-Unit Residential Income Property

      Five-unit residential property with recent renovations and income potential.
      3891 Mcwhorter Street, Bethel, NC 27812
      View Details
    • $120,000

      Historical Commercial Building For Sale

      Historical commercial building suitable for restaurant or art gallery.
      7412 Main Street, Bethel, NC 27812
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial Building Historic Downtown Bethel, NC
    Where is this specialty property located?
    The property is located at 7396 Main St Bethel, NC.
    What is the asking price?
    The asking price for this property is $130,000.
    (910) 729-9180
    We can help!
    Listing Contact
    Tim Ferruzzi
    Tim Ferruzzi
    Learn More
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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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