Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Airport Hangar and Office Space Title is generated by Realmo AI

    3149-C Swift Creek Road, Smithfield, NC 27577

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $27 SF/Yr $42,750/Mo (calc)

    19,000 SF special purpose building for lease at Johnston County Airport.

    Type:Office
    Property size:
    19,000 SF
    Added:
    Jan 26, 2026
    Days on Market:
    116
    Last Refresh:
    Jan 13 at 7:47 pm

    Property Features for 3149-C Swift Creek Road

    General Information

    Standard status
    Active
    Size
    19,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 3149-C Swift Creek Road Contact us

    We can help!

    Listing Contact
    Stephanie A Anderson
    Stephanie A Anderson

    Listing agent Stephanie A Anderson License #BR516658000

    Listing office Russ Lyon Sotheby's International Realty

    Listing date Jan 26, 2026

    Source Lee-associates

    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 Russ Lyon Sotheby's International Realty

    HighLights

    • 12,000 SF communal aircraft hangar at Johnston County Regional Airport (JNX).
    • 5,000 SF office space available.
    • Convenient location between Smithfield and Clayton, near I‑95 and US 70 Hwy.
    • Located at the Johnston County Regional Airport (JNX).
    • Office Lease Rate: $27.00 SF/yr full service.
    • Anticipated delivery: Spring 2024 (hangar), Summer 2024 (office).

    Overview

    A 19,000 SF special purpose building is available for lease at the Johnston County Regional Airport (JNX), situated between Smithfield and Clayton. The location offers convenient access to I-95, located six miles away, and US 70 Hwy, four miles away. The building includes a 12,000 SF communal aircraft hangar and 5,000 SF of office space. The anticipated delivery date for the hangar is spring 2024, with the office space expected to be ready in summer 2024. The office lease rate is $27.00 per square foot per year, offered as a full-service lease. For hangar lease rates, please contact the broker.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.3906
    Latitude
    35.5474

    Nearby Similar for Lease

    • $18 SF/Yr
      15,616 SF

      Smithfield Retail Opportunity Near Outlets

      Versatile 15,616 SF commercial space near Carolina Premium Outlets.
      230 N Equity Drive, Smithfield, NC 27577
      View Details
    • $9 SF/Yr
      10,000 SF

      Smithfield Flex Building For Rent

      10,000 SF flex building with office and warehouse space.
      4241 U.S. Hwy 70 E, Smithfield, NC 27577
      View Details
    • $5,000/Mo
      800 SF

      Smithfield Car Dealership For Lease

      Fully operational car dealership with office and storage in Smithfield.
      803 S Brightleaf Blvd, Smithfield, NC 27577
      View Details
    • Contact for pricing
      9,640 SF

      Retail Space in Smithfield, NC

      Retail space for lease in a highly visible shopping center.
      1104 N. Brightleaf Blvd. | Smithfield, NC 27577, NC 27577
      View Details
    • $18 SF/Yr

      Commercial Space in Smithfield, NC

      Spacious commercial property suitable for retail, office, or service tenants.
      134 S 3rd St, Smithfield, NC 27577
      View Details
    • Contact for pricing

      South Smithfield Warehouse Spaces Available

      Warehouse spaces in South Smithfield, easily accessible from major highways.
      711 E Rose St, Smithfield, NC 27577
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Smithfield, North Carolina.
      1104 N Brightleaf Blvd, Smithfield, NC 27577
      View Details

    FAQs

    What type of property is this?
    Aviation real estate - 19,000 SF special purpose building for lease at Johnston County Airport.
    Where is this aviation real estate located?
    The property is located at 3149-C Swift Creek Road Smithfield, NC.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 12,000 SF communal aircraft hangar at Johnston County Regional Airport (JNX).; 5,000 SF office space available.; Convenient location between Smithfield and Clayton, near I‑95 and US 70 Hwy.
    (480) 585-7070
    We can help!
    Listing Contact
    Stephanie A Anderson
    Stephanie A Anderson
    Real Estate License ID: BR516658000
    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

    Thank You for Inquiry
    3149-C Swift Creek Road, Smithfield, NC 27577
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!