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Property profile & analytics
OFF-MARKET
Land

57 Rand St Smithfield, NC 27577

0.32 ac lot
Property ID
Property summary
AI-generated overview

This exceptional opportunity presents two adjacent residential lots, totaling 0.32 acres, ideally situated in the desirable Old Smithfield Mill area. Priced at $54,750, these lots (Lots 56 & 57 Rand St.) are cleared and ready for immediate development, boasting city water and sewer taps already in place. An updated survey is available for review. Note that these lots must be purchased together with adjacent Lots 55 and 58. However, Lots 56 & 57 are subdividable, offering flexibility for potential buyers. This represents one of the largest remaining buildable lots in this sought-after location. Enjoy the convenience of proximity to a wide array of amenities, including shopping, dining, entertainment venues, medical facilities, and higher education institutions. The property benefits from excellent access to major transportation arteries such as I-95, US-70, and US-210. Please be aware that lot lines depicted in any photographs are illustrative only and not precisely accurate. This is a rare chance to acquire prime residential land in a thriving community. The Johnston County location and Smithfield, NC address (zip code 27577) provide a desirable setting for new construction.

Property profile
Verified
Property type Land
Lot 0.32 ac (13,939 SF)
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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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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