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High-Visibility Commercial Property in Smithfield

925 N Brightleaf Boulevard Smithfield, NC 27577

925 N Brightleaf Boulevard, Smithfield, NC, 27577
$720,000
For Sale
Claim this Listing
$720,000

COMMERCIAL - Smithfield, NC

Property Size1,836 SF
Lot Size0.35 Acres
Price / SF$392.16
AddedApr 13
Days on Market95
Last RefreshJul 16 at 7:06 am

Property Features for 925 N Brightleaf Boulevard

General Information

Property type
Commercial Sale
Property subtype
Retail
Zoning
COM
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
15005032A
Size
1,836 SF
Lot size
0.35 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
N Brightleaf Blvd
Tax Annual Amount
4383

Building Details

Year built
1984
Floors in Building
1
Flooring type
Tile
Building materials
Brick

Listing agent Theresa Lobdell

Listing office ESP Realty 300 S Main St. Ste 212, Cary, NC

Listing date Apr 13, 2026

MLS# 10159612

Copyright © 2026 Doorify 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.

Located on N Brightleaf Boulevard in Smithfield, North Carolina, this commercial property offers an opportunity to acquire a high-visibility asset along one of the city's primary retail corridors. The property is situated minutes from Carolina Premium Outlets, benefiting from consumer traffic and proximity to national retailers and established businesses. Its location less than one mile from I-95 provides regional accessibility and connectivity, appealing to local and highway-oriented users. The property is zoned B-3 (Highway Business), which allows for a range of retail, restaurant, office, service, and automotive-related uses, offering flexibility for owner-occupants or investors. The lot size is 0.35 acres and the property size is 1836 square feet. The property benefits from strong surrounding retail synergy, excellent highway access, and recent property upgrades. The property is located in Johnston County, with postal code 27577.

Key Highlights

  • High‑visibility location on a primary retail corridor in Smithfield
  • Zoned B‑3 (Highway Business) allowing for a wide range of commercial uses
  • Excellent regional accessibility, less than one mile from I‑95

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $34.8k $18.96
− Vacancy −$2.6k −$1.42
EGI $32.2k $17.54
− OpEx −$9.7k −$5.26
NOI $22.5k $12.28
1,836 SF · lease $18.96/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$322.0K
$281.8K – $375.7K (±1% cap)
NOI $22,540 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$555.4K
$486.0K – $648.0K (±1% cap)
NOI $38,880 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dr. Madan Lal, ... Ophthalmologist Lal Eye Associates Ophthalmologist Nature's Releaf® Hemp ... (Bike/Boat/Book/etc) Store ShowOut Nutrition & Fitness Specialty Food Shop Family Eyecare & Surgery Physician

Suggested Use

Real Estate Agency Dental Office Parking Lot & Garage Furniture & Home Goods Barber Shop (Bike/Boat/Book/etc) Store Gym & Fitness Center HVAC Service Storage Facility Spa & Massage Center

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

FAQs

What type of property is this?
Retail space - Commercial property with high visibility and excellent highway access.
Where is this retail space located?
The property is located at 925 N Brightleaf Boulevard Smithfield, NC.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: High‑visibility location on a primary retail corridor in Smithfield; Zoned B‑3 (Highway Business) allowing for a wide range of commercial uses; Excellent regional accessibility, less than one mile from I‑95
Contact an agent
More about this property
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