0 - S Brightleaf Blvd Smithfield, NC 27577
This exceptional 12.55-acre parcel is ideally situated on heavily trafficked US Highway 301 South and South Brightleaf Boulevard in Smithfield, North Carolina. Boasting a 9100 AADT (average annual daily traffic) count, this property presents a remarkable opportunity for residential development. The land is zoned R-10, and water and sewer lines run directly along the road frontage, ensuring convenient utility access. While availability is projected for late 2024 or early 2025, the location's high visibility and accessibility make it highly attractive. The property's location within Johnston County, an area experiencing significant growth (ranked first in percentage growth and sixth in total growth among North Carolina counties from 2010-2020), further enhances its investment potential. Note that a railroad track is located behind the property, and a blue line (requiring further investigation) may influence development plans. The parcel's size is subject to survey. While currently zoned for residential use, the potential for rezoning for commercial purposes also exists, offering additional flexibility for future development. The APN is 15O99004C. The asking price for this exceptional property is $483,060.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.