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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
1360 Brightleaf Blvd Smithfield, NC 27577
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1734376
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
2,002 SF
Lot
0.66 ac (28,750 SF)
Zoning code
COM
APN
14057020E
UPID
US53-1734376
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
-
Coldwell Banker Advantage - Smithfield Real Estate Agency
-
Suefan Johnson, Coldwell Banker Advantage Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$381k
Blend (final)
Blend
$530k
Owner & transaction history
1360 North Brightleaf LLC · 5 yrs held
1360 North Brightleaf LLC
since 2021
Last sale
$545,000
5 recorded transactions
Zoning & alternative use
COM · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code Definitions
Top alternative use upside
Retail stores
$320,000
+16.7%
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
$680,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
RETAIL STORES
$320,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $545k (May 7 2021)
Last sale anchor
$545k
May 7 2021
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
$265 / 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
$2,000
Tax year 2024
Assessed value
$509,920
Assessed 2024
Previous assessed
$509,920
+0.0% YoY
Effective rate
0.39%
On assessed value
Assessed land
$287,500
Assessed improvement
$222,420
Land market value
$287,500
Improvement market value
$222,420
Total market value
$509,920
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
5
Total area
2,002 SF
Lot
0.66 ac (28,750 SF)
Zoning code
COM
APN
14057020E
UPID
US53-1734376
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
RETAIL STORES
Est. value
$320,000
RETAIL STORES
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
1986
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
5
Lot
0.66 ac
Current owner
From public records · entity-resolved
1360 North Brightleaf LLC
Entity
Mailing address
7610 6TH FRKS RD STE #200, RALEIGH, NC 27615-5049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
May 7, 2021
$545,000
1360 North Brightleaf LLC
Brightleaf Partners LLC
Warranty Deed
$436,000 · Townebank
May 13, 2020
—
Brightleaf Partners LLC
—
Deed
related
$705,000 · First Citizens Bk
Apr 12, 2013
$282,500
Brightleaf Partners LLC
Heritage Bk
Warranty Deed
$268,000 · Ks Bank
—
—
Brightleaf Partners LLC
—
Deed Of Trust
related
$705,000 · First Citizens Bk
—
—
Brightleaf Partners LLC
—
Loan Modification
related
$705,000 · First Citizens Bk
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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