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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Flex space
1515 Brightleaf Blvd Smithfield, NC 27577-8373
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2320042
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1955
Total area
28,210 SF
Lot
6.52 ac (284,011 SF)
Zoning code
IND
APN
15060031
UPID
US53-2320042
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
-
Atlantic Resources Incorporated Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.26M
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
Equipmentshare Com INC · 2 yrs held
Equipmentshare Com INC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
IND · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+353.5%
Office building
$3.5M
+344.2%
Medical building
$3.1M
+291.0%
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
$2,255,000
ML approach
$2,255,000
CAP Approach
CAP Return
Estimation
6%
$2,755,000
6.5%
$2,545,000
7%
$2,360,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,615,000
Change: +354% · Conversion: Difficult
OFFICE BUILDING
$3,540,000
Change: +344% · Conversion: Difficult
MEDICAL BUILDING
$3,115,000
Change: +291% · Conversion: Difficult
RESTAURANT
$2,785,000
Change: +250% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,620,000
Change: +228% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,465,000
Change: +209% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,675,000
Change: +110% · Conversion: Easy
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Jan 8 2024)
Last sale anchor
$2.25M
Jan 8 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
$80 / 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
$3,208
Tax year 2024
Assessed value
$258,680
Assessed 2024
Previous assessed
$256,690
+0.8% YoY
Effective rate
1.24%
On assessed value
Assessed land
$241,150
Assessed improvement
$17,530
Land market value
$241,150
Improvement market value
$17,530
Total market value
$258,680
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1955
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
28,210 SF
Lot
6.52 ac (284,011 SF)
Zoning code
IND
APN
15060031
UPID
US53-2320042
Jurisdiction
JOHNSTON
Zoning & alternative use
IND · Smithfield, NC
Zoning IND · permitted uses
IND · 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
$3.6M
OFFICE BUILDING
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$1.7M
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1955
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
6
Lot
6.52 ac
Current owner
From public records · entity-resolved
Equipmentshare Com INC
Entity
Free & Clear · 2 yrs held
Mailing address
4840 GEMINUS DR STE #520, CHATTANOOGA, TN 37416-2124
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
—
Equipmentshare Com INC
Cadet 23 LLC
Lease
—
Jan 8, 2024
$2,252,500
Cadet 23 LLC
Equipmentshare Com INC
Special Warranty Deed
—
Dec 7, 2023
—
Equipmentshare Com INC
Brighleaf Boulevard Properties LLC
Deed
—
Dec 7, 2023
$1,925,000
Equipmentshare Com INC
Bighfleaf Boulevard Properties LLC
Special Warranty Deed
—
Jun 22, 2022
$900,000
Brightleaf Boulevard Properties LLC
Ks Bank INC
Special Warranty Deed
$1,350,000 · Touchstone Bank
Jun 22, 2022
—
Brightleaf Boulevard Properties LLC
Ks Bank INC
Warranty Deed
—
Oct 28, 2020
$650,000
Ks Bk INC
Hewett Alan B|barefoot,property Group LLC
Foreclosure
related
—
Jun 8, 2017
—
Barefoot Property Group LLC
—
Deed
related
$985,400 · Us Small Busn Admn
Jul 31, 2015
$335,000
Barefoot Property Group LLC
Julian F Marshall
Warranty Deed
$550,000 · Ks Bank INC
—
—
Barefoot Property Group LLC
—
Deed Of Trust
related
$985,400 · Us Small Busn Admn
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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