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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Medical Office Space
101 Kellie Dr Smithfield, NC 27577-9443
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US53-1382300
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
4,702 SF
Lot
1.5 ac (65,340 SF)
Zoning code
OFF
APN
14075021K
UPID
US53-1382300
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
-
Bliss Pennie S MD Pediatrician Medical Clinic
-
Smithfield Kids Care Pediatrician Medical Clinic
-
Tetreault Debra MD Pediatrician Medical Clinic
-
Kids Care Pediatrics Medical Clinic
-
Karen Merritt Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$882k
Blend (final)
Blend
$855k
Owner & transaction history
Tetra Bliss Properties LLC · 17 yrs held
Tetra Bliss Properties LLC
since 2009
5 recorded transactions
Zoning & alternative use
OFF · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$750,000
+10.0%
Auto repair, garage
$715,000
+4.6%
Neighborhood: shopping center
$690,000
+0.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Smithfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$940,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$685,000
Current use
RETAIL STORES
$750,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: +5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$690,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: -6% · Conversion: Easy
COMMERCIAL (GENERAL)
$615,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$182 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,800
Tax year 2024
Assessed value
$870,970
Assessed 2024
Previous assessed
$870,970
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$324,850
Assessed improvement
$546,120
Land market value
$324,850
Improvement market value
$546,120
Total market value
$870,970
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
4,702 SF
Lot
1.5 ac (65,340 SF)
Zoning code
OFF
APN
14075021K
UPID
US53-1382300
Jurisdiction
JOHNSTON
Zoning & alternative use
OFF · Smithfield, NC
Zoning OFF · permitted uses
OFF · Smithfield, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smithfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$685,000
RETAIL STORES
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$690,000
OFFICE BUILDING
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$615,000
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Tetra Bliss Properties LLC
Entity
Mailing address
101 KELLIE DR, SMITHFIELD, NC 27577-9443
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2023
—
Tetra Bliss Properties LLC
—
Deed
related
$720,000 · First Citizens Bank & Trust Co
Jun 20, 2018
—
Smithfield Prop Hldgs LLC
—
Grant Deed
related
$7,200,000 · Select Bk
Aug 15, 2017
—
Tetra Bliss Properties LLC
—
Deed
related
$688,500 · First Citizens Bank And Trust Co INC
Jan 5, 2009
$225,000
Tetra Bliss Properties LLC
Briar Harbour LLC
Warranty Deed
—
—
—
Tetra-bliss Properties LLC
—
Deed Of Trust
related
$1,021,500 · Ks Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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