High-Visibility Commercial Property in
For Sale
$699,000
925 N Brightleaf Boulevard, Smithfield, NC 27577
Exceptional commercial property with high visibility and excellent highway access.
Property Size1,836 SF
Price / SF$380.72
Days on Market184
Property Features for 925 N Brightleaf Boulevard
General Information
Standard status
Active
Size
1,836 SF
Building Details
Year Built
1984
Listing Agency:
ESP Realty
Listed By:
Theresa Lobdell
(919) 606-9943
Source:
Tcrnc
Added: Apr 14
Changed: Oct 3
Last Checked: Oct 7 at 2:18PM
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 ESP Realty
Investment Insights
Based on property information with market context.
The property at 925 N Brightleaf Boulevard presents an opportunity to acquire a commercial property with high visibility along a primary retail corridor in Smithfield. It is located minutes from Carolina Premium Outlets, benefiting from consumer traffic and proximity to national retailers and established businesses. Situated less than one mile from I-95, the site offers 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. Recent property upgrades complement the location, highway access, and surrounding retail synergy in the expanding Smithfield market. The property size is 1836 square feet.
Key Highlights
- High‑visibility location on a primary retail corridor in Smithfield.
- Excellent highway access, less than one mile from I‑95.
- Proximity to Carolina Premium Outlets and national retailers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,910
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,200
$578.2K
Cap Rate 7%
$413,000
$413.0K
Cap Rate 9%
$321,222
$321.2K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$39.7K $21.60/SF
− Vacancy
−$1.1K −$0.60/SF
EGI
$38.5K $21.00/SF
− OpEx
−$9.6K −$5.25/SF
NOI
$28.9K $15.75/SF
Area
Johnston County, NC
Vacancy
2.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,200
Cap Rate 7%
$413,000
Cap Rate 9%
$321,222
Alternative Uses
Best Use
Specialty Retail
$413.0K
$361.4K – $481.8K
NOI $28,910 @ 7.0% cap · market cap 4.14%
Second Best
Office B
$402.6K
$352.3K – $469.7K
NOI $28,183 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27577, NC
24,972
Population
10,744
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
82%
High-School Grad
103.7 sq mi
ZIP Area
241
Density / Sq Mi
$56,237
Median Household Income
$39,604
Median Earnings
$802
Median Rent
$230,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Smithfield City Florist Inc — 902 S Brightleaf Blvd, Smithfield, NC 27577
Frequently Asked Questions
What type of property is this?
Storefront property - Exceptional commercial property with high visibility and excellent highway access.
Where is this storefront property located?
The property is located at 925 N Brightleaf Boulevard Smithfield, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High‑visibility location on a primary retail corridor in Smithfield.; Excellent highway access, less than one mile from I‑95.; Proximity to Carolina Premium Outlets and national retailers.
