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    Warehouses

    816 3Rd St, Smithfield, NC 27577

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Encore Automotive Vehicle Inspection Center
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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