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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Warehouses
1305 Brightleaf Blvd Smithfield, NC 27577-4260
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-1870933
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
96,680 SF
Lot
4.29 ac (186,872 SF)
Zoning code
COM
APN
15060026
UPID
US53-1870933
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
-
Central Marketing, Inc. Logistics Company
-
Jess Rite Inc Factory Production Facility
-
Classic Industrial Services General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$1.92M
Owner & transaction history
Tima LLC · 18 yrs held
Tima LLC
since 2008
5 recorded transactions
Zoning & alternative use
COM · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±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
$20 / 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
$9,268
Tax year 2024
Assessed value
$747,450
Assessed 2024
Previous assessed
$747,450
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$216,240
Assessed improvement
$531,210
Land market value
$216,240
Improvement market value
$531,210
Total market value
$747,450
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
96,680 SF
Lot
4.29 ac (186,872 SF)
Zoning code
COM
APN
15060026
UPID
US53-1870933
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Smithfield, NC
Zoning COM · permitted uses
COM · 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.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
4.29 ac
Current owner
From public records · entity-resolved
Tima LLC
Entity
Mailing address
PO BOX 148, SMITHFIELD, NC 27577-0148
Ownership since
2008
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
Sep 2, 2016
—
Tima LLC
—
Deed
related
$1,500,000 · Regions Bank
Aug 10, 2015
—
Tima LLC
—
Trustees Deed
related
$1,500,000 · Regions Bk
Feb 6, 2012
—
Tima LLC
—
Deed Of Trust
related
$3,820,000 · Regions Bank
Mar 6, 2008
$1,270,100
Tima LLC
M & F LLC
Grant Deed
$1,245,000 · M&f LLC
May 7, 2004
$375,000
William F Lee
Stephenson,gilbert D SR
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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