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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Theaters & concert halls
141 3rd St, Smithfield, NC 27577-4539
Entity Owned
Free & Clear
Property ID
US53-2225444
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1933
Total area
7,852 SF
Lot
0.19 ac (8,276 SF)
Zoning code
COM
APN
15025015
UPID
US53-2225444
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
-
The Howell Theatre Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Smithfield Arts Collaborative LLC
Smithfield Arts Collaborative LLC
since 2025
Last sale
$900,000
7 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
$855,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,005,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$985,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$870,000
Change: 0% · Conversion: Difficult
RESTAURANT
$775,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$685,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (May 14 2025)
Last sale anchor
$900k
May 14 2025
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
$115 / 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
$4,711
Tax year 2024
Assessed value
$329,430
Assessed 2024
Previous assessed
$329,430
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$82,760
Assessed improvement
$246,670
Land market value
$82,760
Improvement market value
$246,670
Total market value
$329,430
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1933
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Bathrooms
2
Total area
7,852 SF
Lot
0.19 ac (8,276 SF)
Zoning code
COM
APN
15025015
UPID
US53-2225444
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$985,000
MEDICAL BUILDING
Est. value
$870,000
RESTAURANT
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$730,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$685,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1933
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Smithfield Arts Collaborative LLC
Entity
Free & Clear · 0 yrs held
Mailing address
141 S 3RD ST, SMITHFIELD, NC 27577-4539
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2025
$920,000
Smithfield Arts Collaborative LLC
Grace Reformed Presbyterian Church
Special Warranty Deed
—
May 14, 2025
$900,000
Grace Reformed Presbyterian Church
Joco Holdings LLC
Warranty Deed
—
Jul 15, 2019
—
Joco Holdings LLC
—
Deed
related
$673,425 · First Citizens Bank & Trust Co
Nov 2, 2018
—
Mark Betts
—
Deed
related
$202,000 · John A Houston Management
Apr 24, 2017
—
Joco Holdings LLC
—
Deed
$667,000 · Bankunited Fsb
Dec 17, 2009
$310,000
Carolina Flicks INC
Reel Experiences LLC
Warranty Deed
$469,000 · Community South Bank
—
—
Joco Holdings LLC
—
Deed Of Trust
$667,000 · Bankunited Fsb
—
—
Mark Betts
—
Deed Of Trust
related
$202,000 · John A Houston Management
—
—
Carolina Flicks INC
—
Deed Of Trust
related
$653,000 · Newtek Small Busn Fin
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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