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    429 Market St Smithfield, NC 27577

    • Retail space
    • 9,090 SF
    • 1.39 lot acres
    For Sale
    View listing
    $850,000
    Value Estimation
    Last Sale
    Aug 20, 2020
    $1,352,000
    Location Intelligence
    Property ID
    US53-0010512
    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

    • Dollar General / Dollar Store / Beauty Supply Store
    • Western Union / Money Transfer Service

    Property Details for 429 Market St

    Year built
    2018
    Lot size
    1.39 lot acres
    Property size
    9,090 SF
    Zone code
    COM
    Property type
    Retail space
    APN
    15080062F
    APU
    15080062F

    Description

    This exceptional 6.88-acre commercial lot is situated in Smithfield, North Carolina, on bustling US 70 Business (Market Street). Zoned B-3, it offers significant potential for various commercial uses, with a suggested highest and best use as a storage facility. The property's prime location provides high visibility and accessibility, benefiting from proximity to downtown Smithfield and adjacency to a Dollar General store, ensuring consistent traffic flow. The lot is conveniently located within a thriving area of Johnston County, experiencing substantial growth, ranking first in percentage and sixth in total growth for North Carolina. The area boasts a population exceeding 28,000 within a 5-mile radius, with average household incomes of $49,279, creating a robust market for diverse commercial ventures. Water access is available on-site

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,590,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,310,000
      6.5%
      $1,410,000
      7%
      $1,220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,330,000
      Geo Method
      $1,335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,580,000
      Retail
      $1,270,000
      Mixed-Use
      $1,230,000
      Hospitality
      $1,450,000
      Educational
      $1,220,000
      Residential Income
      $1,215,000
      Energy
      $1,545,000
      Income-Based Land
      $1,565,000
      Food Service
      $1,220,000

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.355
    Latitude
    35.5149
    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
    $14,736
    $208,890
    $979,510
    $1,188,400
    -
    $208,890
    $979,510
    $1,188,400

    Comparable in this City

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      2,468 SF

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    • Value Estimation
      $560,000
      11,621 SF

      816 Brightleaf Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,621 SF
      816 Brightleaf Blvd, Smithfield, NC 27577-4375
      View Details
    • Value Estimation by Request
      197,722 SF

      1299 Brightleaf Blvd

      RETAIL STORES (PERSONAL SERVICES) • 197,722 SF
      1299 Brightleaf Blvd, Smithfield, NC 27577-4229
      View Details
    • Value Estimation
      $365,000
      363 SF

      103 4th St, Unit 107

      RETAIL STORES (PERSONAL SERVICES) • 363 SF
      103 4th St, Smithfield, NC 27577-3941
      View Details
    • Value Estimation by Request
      8,064 SF

      110 Brightleaf Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,064 SF
      110 Brightleaf Blvd, Smithfield, NC 27577-4668
      View Details
    • Value Estimation
      $320,000
      1,314 SF

      101 Brightleaf Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,314 SF
      101 Brightleaf Blvd, Smithfield, NC 27577-4068
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail space for lease in a highly visible shopping center.
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      View Details
    • Contact for pricing
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      Prime Johnston County retail space available.
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      View Details
    • $27 SF/Yr
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    • $5,000 /Mo
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    429 Market St
    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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