Daycare Facility on High-Traffic
651 N Brightleaf Smithfield, NC 27577
651 N Brightleaf, Smithfield, NC, 27577
$585,000
Pending
For Sale
$585,000
Pending
1,620 sq ft daycare on 0.788-acre lot for sale.
Property Size1,620 SF
Lot Size0.79 Acres
Days on Market373
Property Features for 651 N Brightleaf
General Information
- Standard status
- Pending
- Size
- 1,620 SF
- Lot size
- 0.79 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
HARRIS REALTY & LAND, LLC
(919) 300-1160
Listed by
PERRY HARRIS · License #308749
Source
Corcoran
Added: Jul 11, 2025 Checked: Jul 17 at 3:37 am
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 HARRIS REALTY & LAND, LLC
Investment Insights
Based on property information with market context.
This commercial property features a 1,620 sq ft building on a 0.788-acre lot. Currently operating as a daycare, the property is located on a high-traffic main road near downtown, restaurants, and the hospital. The property is suitable for continued use as a childcare facility or for other commercial purposes. The location offers excellent visibility and accessibility, making it suitable for businesses seeking strong exposure. Ample outdoor space provides potential for expansion or additional parking.
Key Highlights
- High‑traffic location on a main road near downtown, restaurants, and the hospital.
- Spacious 0.788‑acre lot with ample outdoor space.
- 1,620 sq ft building suitable for continued use as a daycare or other commercial purposes.
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 | $30.7k | $18.96 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $28.4k | $17.54 |
| − OpEx | −$8.5k | −$5.26 |
| NOI | $19.9k | $12.28 |
1,620 SF · lease $18.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$284.1K
$248.6K – $331.5K
NOI $19,888 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$490.1K
$428.8K – $571.8K
NOI $34,306 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Children's Unlimited Academy
Daycare Center
Similar For Sale Nearby
Similar Off Market Nearby
- DEVOTED HEART CHILD CARE — 259 venture dr b, smithfield, nc 27577
- Early Learning Center — 514 N Brightleaf Blvd, Smithfield, NC 27577
- DEVOTED HEARTS DROP-IN CHILD CARE — 259 Venture Dr B, Smithfield, NC 27577
- Kiddie Kollege of Berkshire — 13 Berkshire Rd, Smithfield, NC 27577
- Children's Unlimited Academy — 651 N Brightleaf Blvd, Smithfield, NC 27577
FAQs
What type of property is this?
Day care center - 1,620 sq ft daycare on 0.788-acre lot for sale.
Where is this day care center located?
The property is located at 651 N Brightleaf Smithfield, NC.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: High‑traffic location on a main road near downtown, restaurants, and the hospital.; Spacious 0.788‑acre lot with ample outdoor space.; 1,620 sq ft building suitable for continued use as a daycare or other commercial purposes.
