Property profile

816 3Rd St Smithfield, NC 27577

OFF-MARKET
Warehouses
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Property summary

AI-generated overview

This exceptional 2200+ square foot flex space, ideally situated in Downtown Smithfield's Johnston County submarket, presents a unique leasing opportunity. Previously utilized as an automotive shop, this property offers a versatile layout perfect for a variety of businesses. The space features a well-appointed office area at the front, seamlessly transitioning to a spacious rear area equipped with three convenient roll-up doors, ideal for loading and unloading. The rear section is equipped with gas heaters for efficient climate control. This single-tenant property is categorized as Retail, Industrial, and Special Purpose, encompassing flex, warehouse, manufacturing, and distribution subtypes. The property is located at 816 S 3rd St, Smithfield, NC 27577. The lease commences January 1, 2025, with a base annual rent of $1600, plus tenant-in-common association management (TICAM) charges. This prime location in the heart of Downtown Smithfield offers excellent visibility and accessibility, making it an attractive option for businesses seeking a functional and strategically positioned space. The property's blend of office and warehouse space makes it suitable for a wide range of uses, providing ample room for operations and administrative functions. Don't miss this chance to secure this well-maintained and adaptable property in a thriving downtown area.

Property profile

Verified
Property type Warehouses

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Vehicle Inspection Center

Location

816 3Rd St Smithfield, NC 27577
Smithfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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