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    611 Brightleaf Blvd Smithfield, NC 27577

    For Sale
    $1,200,000

    5.47-acre commercial land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5.47-acre commercial land parcel, located at 611 S Brightleaf Boulevard in Smithfield, North Carolina, presents a compelling investment opportunity. Priced at $1,200,000, this property is situated in a high-traffic area with excellent visibility and accessibility. The B-3 zoning allows for a variety of commercial uses, including a storage facility, a commercial strip center, or multi-family development. Its strategic location near grocery stores, restaurants, and retail outlets ensures high consumer traffic and visibility. The property boasts convenient access to major transportation arteries, including I-95 and Highway 70, with a daily traffic count exceeding 13,000 vehicles. Smithfield water is readily available, and potential sewer access is available (verification with the town is recommended to confirm capacity). This location benefits from a strong demographic profile, with a median household income of $55,280 within a 10-mile radius and a growing population. The property's APN is 169306-47-6832. This is a rare opportunity to acquire a significant land parcel in a thriving market with substantial development potential. The property's size and zoning flexibility make it ideal for a range of commercial ventures, capitalizing on the area's robust economic growth and convenient location. Don't miss this chance to secure a valuable asset in a rapidly developing area.

    Property Features for 611 Brightleaf Blvd

    General Information

    Property type
    Land
    Lot Size
    238,273 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.346991447831
    Latitude
    35.501508553819

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    FAQs

    What type of property is this?
    Land - 5.47-acre commercial land, prime location.
    Where is this land located?
    The property is located at 611 Brightleaf Blvd Smithfield, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (919) 585-5327
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    Realmo Value Estimation

    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.

    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.

    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
    611 Brightleaf Blvd Smithfield, NC 27577
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