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    109 Brightleaf Blvd Smithfield, NC 27577

    • Commercial real estate
    • 3,992 SF
    • 0.36 lot acres
    For Sale
    View listing
    $179,000
    Value Estimation
    Last Sale
    Jul 26, 2022
    $170,000
    Location Intelligence
    Property ID
    US53-1892143
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 109 Brightleaf Blvd

    Year built
    1950
    Lot size
    0.36 lot acres
    Property size
    3,992 SF
    Zone code
    COM
    Property type
    Commercial real estate
    APN
    15027023A
    APU
    15027023A

    Description

    This exceptional business opportunity is situated on a 0.35-acre lot at the highly visible intersection of Hwy 70 Business and Hwy 301 in the heart of downtown Smithfield, NC. The property's prime location ensures significant exposure to a large volume of daily traffic, making it an ideal investment for a variety of commercial ventures. Currently, a restaurant is operating under a lease agreement, providing a stable income stream for the new owner. The property's address is 109 S Bright Leaf Boulevard. The building itself is available for sale at $179,000. This presents a unique chance to acquire a well-positioned commercial property in a thriving downtown area. The high visibility and established tenancy make this an attractive proposition for investors seeking a strong return on investment. Further details regarding the lease agreement and building specifications are available upon request. Don't miss this opportunity to own a piece of Smithfield's vibrant commercial landscape. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $170,000
      7%
      $160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $175,000
      Geo Method
      $170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $125,000
      Mixed-Use
      $170,000
      Hospitality
      $135,000
      Educational
      $135,000
      Residential Income
      $140,000
      Energy
      $150,000
      Income-Based Land
      $150,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.3396
    Latitude
    35.5077
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,206
    $131,730
    $46,200
    $177,930
    -
    $131,730
    $46,200
    $177,930

    Comparable in this City

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      3539 Us Hwy 301st S

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      802 Market St

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      3rd St

      COMMERCIAL (GENERAL) • 1,064 SF
      3rd St, Smithfield, NC 27577
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    • Value Estimation by Request
      537 SF

      527 Brightleaf Blvd

      COMMERCIAL (GENERAL) • 537 SF
      527 Brightleaf Blvd, Smithfield, NC 27577-4076
      View Details

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    109 Brightleaf Blvd
    Smithfield, NC 27577
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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
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