Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,600,000
Strip malls
1235 Brightleaf Blvd Smithfield, NC 27577-4229
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2066104
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
72,165 SF
Lot
12.36 ac (538,402 SF)
Zoning code
COM
APN
14074002
UPID
US53-2066104
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
-
Cost Cutters Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.43M
Blend (final)
Blend
$11.60M
Owner & transaction history
Center Pointe Plaza LLC · 1 yrs held
Center Pointe Plaza LLC
since 2024
Last sale
$11.6M
4 recorded transactions
Zoning & alternative use
COM · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code Definitions
Top alternative use upside
Restaurant
$16.1M
+52.2%
Retail stores
$11.5M
+9.1%
Auto repair, garage
$11.0M
+3.7%
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
$11,600,000
ML approach
$11,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,580,000
Current use
RESTAURANT
$16,105,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$11,545,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,975,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$10,490,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$9,895,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,465,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$11.60M
Range $10.44M – $12.76M · ±10% · vs last sale $11.60M (Dec 19 2024)
Last sale anchor
$11.60M
Dec 19 2024
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
$161 / 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
$66,796
Tax year 2024
Assessed value
$5,386,740
Assessed 2024
Previous assessed
$5,386,740
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,549,900
Assessed improvement
$3,836,840
Land market value
$1,549,900
Improvement market value
$3,836,840
Total market value
$5,386,740
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Bathrooms
6
Total area
72,165 SF
Lot
12.36 ac (538,402 SF)
Zoning code
COM
APN
14074002
UPID
US53-2066104
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Smithfield, NCZoning COM · permitted uses
COM · Smithfield, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code Definitions
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.6M
RESTAURANT
Est. value
$16.1M
RETAIL STORES
Est. value
$11.5M
AUTO REPAIR, GARAGE
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$10.5M
OFFICE BUILDING
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1989
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
6
Lot
12.36 ac
Current owner
From public records · entity-resolved
Center Pointe Plaza LLC
Entity
Free & Clear · 1 yrs held
Mailing address
158 UN TPKE, HUDSON, NY 12534-1531
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
$11,600,000
Center Pointe Plaza LLC
Provest Centre Pointe Plaza LLC
Special Warranty Deed
—
Oct 1, 2020
—
Christine M Barbour
—
Deed
related
$193,775 · Carrington Mtg Svcs
Feb 23, 2017
$109,000
Provest Centre Pointe Plaza Ll
Irt Partners LP
Grant Deed
$8,000,000 · Cantor Com'l R/e Lndg
—
—
Christine M Barbour
—
Loan Modification
related
$193,775 · Carrington Mtg Svcs
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1235 Brightleaf Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
