Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    711 E Rose St Smithfield, NC 27577

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Warehouse spaces in South Smithfield, easily accessible from major highways.

    Type:INDUSTRIAL
    Property size:
    7,000 SF
    Lot size:
    2.80 Acres
    Added:
    Oct 10, 2024
    Days on Market:
    538
    Last Refresh:
    Jan 13 at 7:00 pm

    Property Features for 711 E Rose St

    General Information

    Standard status
    Active
    Size
    7,000 SF
    Lot size
    2.80 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Jake Viverette
    Jake Viverette

    Listing agent Jake Viverette License #NC 350592

    Listing office The Overton Group, LLC

    Listing date Oct 10, 2024

    Source Moodyscre

    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 The Overton Group, LLC

    Overview

    South Smithfield Warehouse Storage Spaces

    Located in South Smithfield off US Hwy 301/S Brightleaf Blvd behind a retail building and pre-owned auto dealership, 711 E Rose Street consists of 7 buildings and is easily accessible from I-95, US 70 Hwy and I-40. The property is adjacent to a railroad line. The available spaces, ranging from 4,000 to 7,500 square feet, provide basic warehouse storage and feature a 12 ft clear height in Units 1 & 5. The spaces are not conditioned. The property is located approximately 1 mile from I-95, Exit 93.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Storage Pros — 301 N Brightleaf Blvd, Smithfield, NC 27577

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.3444
    Latitude
    35.5023

    Nearby Similar for Sale

    • $585,000
      1,900 SF

      Smithfield Commercial Redevelopment Opportunity

      High-visibility commercial property in growing corridor near airport and hospital.
      1475 W Market Street, Smithfield, NC 27577
      View Details
    • $350,000
      4,253 SF

      Historic Office Building For Sale

      Charming 4,253 SF office space in historic Smithfield district.
      201 N Second Street, Smithfield, NC 27577
      View Details
    • $149,000
      956 SF

      Smithfield Duplex on Large Lot

      Duplex with two efficiency units in Smithfield, North Carolina.
      804 Midway Street, Smithfield, NC 27577
      View Details
    • $495,000
      4,112 SF

      Versatile Commercial Space, Smithfield NC

      Commercial space suitable for automotive or retail businesses.
      1896 Mallard, Smithfield, NC 27577
      View Details
    • $875,000
      9,103 SF

      Downtown Smithfield 'Davis Building'

      Historic building suitable for retail and office multi-tenant occupancy.
      219 E Johnston, Smithfield, NC 27577
      View Details
    • $585,000
      1,900 SF

      Redevelopment Opportunity in Growing Corridor

      Commercial property on 0.617 acres with redevelopment potential.
      1475 W Market, Smithfield, NC 27577
      View Details
    • Contact for pricing
      4,013 SF

      Retail Space on Brightleaf Boulevard

      Retail space with dual drive-thru in Smithfield's retail corridor.
      1300 N Brightleaf Blvd, Smithfield, NC 27577
      View Details
    • $585,000
      1,620 SF

      Daycare Facility on High-Traffic Road

      1,620 sq ft daycare on 0.788-acre lot for sale.
      651 N Brightleaf, Smithfield, NC 27577
      View Details
    • $260,490
      1,418 SF

      New Townhomes in Smithfield Community

      New townhomes with modern amenities in Smithfield, North Carolina.
      137 Holton Street, Smithfield, NC 27577
      View Details
    • $199,000

      Commercial Property in Smithfield, NC

      Commercial property available for sale in Smithfield, North Carolina.
      1 Berkshire Road, Smithfield, NC 27577
      View Details
    • $319,900
      2,300 SF

      Renovated Commercial/Residential Property

      Completely renovated property in downtown Smithfield, suitable for commercial/residential use.
      510 Bridge Street, Smithfield, NC 27577
      View Details
    • $450

      Historic Smithfield Office Units Available

      Affordable office units in a renovated, historic building.
      709 S Third Street, Smithfield, NC 27577
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse spaces in South Smithfield, easily accessible from major highways.
    Where is this warehouse located?
    The property is located at 711 E Rose St Smithfield, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Easily accessible from major highways (I‑95, US 70 Hwy, I‑40); Located near I‑95 (1 mile, Exit 93); Large storage spaces available from 4,000 to 7,500 SF
    (804) 754-5462
    We can help!
    Listing Contact
    Jake Viverette
    Jake Viverette
    Real Estate License ID: NC 350592
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!