Building Details

Year built 1920

Number of units 2

Flooring type Wood, Concrete

Building materials Block, Brick, Brick Veneer, Wood Siding

Roof type Composition

Listing Agency: Keller Williams Realty Points East k***@kw.com Show Phone

Listed By: Timothy Ferruzzi · License #89665 Show Phone

Added: Jul 21, 2025 Changed: Aug 19 Last Checked: Aug 20 at 10:06PM

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MLS# 100520332

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.

Investment Insights

Based on property information with market context.

Built in 1920, this 1,296-square-foot commercial property is configured as twin units divided by an interior wall. The units are separate parcels and are being offered together, creating a two-part storefront arrangement. Construction includes block, brick, brick veneer, and wood siding, with concrete and wood flooring throughout. The building has a composition roof that was recently replaced and is shared with the adjoining twin unit. Public water serves the property, which carries CB zoning.

The property is located on Main Street in Bethel, within Pitt County and approximately 14 miles northwest of Greenville. Bethel is accessible via U.S. Route 64, and the surrounding community includes downtown redevelopment focused on restaurants and arts-related activity.

Key Highlights

• 1,296 SF commercial building configured as twin units
• Separate parcels offered together at 7410 and 7412 Main Street
• Interior wall divides the two commercial units

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$10,981

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.57%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$219,620 $219.6K

Cap Rate 7%

$156,871 $156.9K

Cap Rate 9%

$122,011 $122.0K

Market Conditions

NOI Build-Up for 1,296 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$17.1K $13.20/SF

− Vacancy

−$1.4K −$1.10/SF

EGI

$15.7K $12.10/SF

− OpEx

−$4.7K −$3.63/SF

NOI

$11.0K $8.47/SF

Area

Pitt County, NC

Vacancy

8.30%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$219,620

Cap Rate 7%

$156,871

Cap Rate 9%

$122,011

Alternative Uses

Best Use

Retail

$156.9K

$137.3K – $183.0K (±1% cap)

NOI $10,981 @ 7.0% cap · market cap 7.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$282.1K

$246.9K – $329.2K (±1% cap)

NOI $19,749 @ 7.0% cap · market cap 13.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Building Supply Grocery & Convenience Store Pharmacy Daycare Center Wine and Liquor 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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

98

Businesses Nearby

5k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Family Dollar Shops & Services

3,015 visits/mo 0.1 miles

Dollar General Shops & Services

1,930 visits/mo 0.1 miles

Demographics for 27812, NC

2,358

Population

1,240

Households

1.9

Avg Household Size

44

Median Age

18%

College-Educated

87%

High-School Grad

58.6 sq mi

ZIP Area

40

Density / Sq Mi

$51,265

Median Household Income

$40,481

Median Earnings

$792

Median Rent

$118,700

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

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Frequently Asked Questions

What type of property is this?

Storefront property - Two connected commercial units offer separate parcel identity and flexible storefront configuration in downtown Bethel.

Where is this storefront property located?

The property is located at 7412 Main Street Bethel, NC.

What is the asking price?

The asking price for this property is $145,000.

What are key features of this property?

This property features: 1,296 SF commercial building configured as twin units; Separate parcels offered together at 7410 and 7412 Main Street; Interior wall divides the two commercial units