Retail Storefront with Highway
For Sale
$699,000
925 N Brightleaf Boulevard, Smithfield, NC 27577
COMMERCIAL - Smithfield, NC
Property Size1,836 SF
Lot Size0.35 Acres
Price / SF$380.72
Days on Market129
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
Legal Description
N Brightleaf Blvd
Building Details
Year built
1984
Floors in Building
1
Flooring type
Tile
Building materials
Brick
Listing Agency:
ESP Realty
(919) 205-3388
Listed By:
Theresa Lobdell
(919) 606-9943
Added: Apr 13
Changed: Aug 4
Last Checked: Aug 19 at 6:06PM
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.
925 N Brightleaf Boulevard is a retail storefront property offered for sale in Smithfield, North Carolina. The site includes a 1,836-square-foot commercial building on a 0.35-acre lot, with zoning designated as COM.
The property is positioned less than one mile from I-95 and is described as being just minutes from Carolina Premium Outlets, supporting access for both local and highway-oriented customers.
This is a straightforward option for buyers seeking a retail storefront near a major interstate and a regional shopping destination, with the property’s COM zoning covering future plans under the applicable district rules.
The property is positioned less than one mile from I-95 and is described as being just minutes from Carolina Premium Outlets, supporting access for both local and highway-oriented customers.
This is a straightforward option for buyers seeking a retail storefront near a major interstate and a regional shopping destination, with the property’s COM zoning covering future plans under the applicable district rules.
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,540
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$450,800
$450.8K
Cap Rate 7%
$322,000
$322.0K
Cap Rate 9%
$250,444
$250.4K
Market Conditions
NOI Build-Up for 1,836 SF
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.
Gross rent
$34.8K $18.96/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$32.2K $17.54/SF
− OpEx
−$9.7K −$5.26/SF
NOI
$22.5K $12.28/SF
Area
Johnston County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$450,800
Cap Rate 7%
$322,000
Cap Rate 9%
$250,444
Alternative Uses
Best Use
Retail
$322.0K
$281.8K – $375.7K
NOI $22,540 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
800
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront retail property with 1,836 sq ft and 0.35-acre lot near I-95; zoned COM.
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; Zoned B‑3 (Highway Business) allowing for a wide range of commercial uses; Excellent regional accessibility, less than one mile from I‑95
