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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
201 Wilson St Fremont, NC 27830
Individually Owned
7-yr Hold
Free & Clear
Property ID
US53-4707275
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,632 SF
Lot
0.25 ac (11,025 SF)
Zoning code
GB
APN
3605445017
UPID
US53-4707275
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas Wayne Lewis · 7 yrs held
Thomas Wayne Lewis
since 2019
1 recorded transaction
Zoning & alternative use
GB · Fremont, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district shall be to provide for, enhance, and protect shopping facilities in the General Business District
Zone name
General Business
General category
COMMERCIAL
Zone area
20.35 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fremont submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$487
Tax year 2023
Assessed value
$34,200
Assessed 2024
Previous assessed
$34,200
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$21,840
Assessed improvement
$12,360
Land market value
$21,840
Improvement market value
$12,360
Total market value
$34,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,632 SF
Lot
0.25 ac (11,025 SF)
Zoning code
GB
APN
3605445017
UPID
US53-4707275
Jurisdiction
WAYNE
Zoning & alternative use
GB · Fremont, NCZoning GB · permitted uses
GB · Fremont, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district shall be to provide for, enhance, and protect shopping facilities in the General Business District
Zone name
General Business
General category
COMMERCIAL
Zone area
20.35 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Thomas Wayne Lewis
Individual
Free & Clear · 7 yrs held
Mailing address
222 N CRESTWOOD DR, WILMINGTON, NC 28405-2514
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2019
—
Thomas Wayne Lewis
Helen Faye Lewis
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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