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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
1670 Booker Dairy Rd 1672 Smithfield, NC 27577-9405
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1200650
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
2,898 SF
Lot
0.34 ac (14,810 SF)
Zoning code
OFF
APN
14057197G
UPID
US53-1200650
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
-
OneMain Financial Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$467k
Blend (final)
Blend
$530k
Owner & transaction history
5l Properties LLC · 2 yrs held
5l Properties LLC
since 2023
Last sale
$525,000
2 recorded transactions
Zoning & alternative use
OFF · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$465,000
+16.7%
Auto repair, garage
$440,000
+10.9%
Neighborhood: shopping center
$425,000
+7.0%
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
$550,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$395,000
Current use
RETAIL STORES
$465,000
Change: +17% · Conversion: Moderate
AUTO REPAIR, GARAGE
$440,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$420,000
Change: +6% · Conversion: Easy
COMMERCIAL (GENERAL)
$380,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $525k (Aug 17 2023)
Last sale anchor
$525k
Aug 17 2023
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
$183 / 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
$4,195
Tax year 2024
Assessed value
$338,320
Assessed 2024
Previous assessed
$338,320
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$103,670
Assessed improvement
$234,650
Land market value
$103,670
Improvement market value
$234,650
Total market value
$338,320
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
2000
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
2
Total area
2,898 SF
Lot
0.34 ac (14,810 SF)
Zoning code
OFF
APN
14057197G
UPID
US53-1200650
Jurisdiction
JOHNSTON
Zoning & alternative use
OFF · Smithfield, NC
Zoning OFF · permitted uses
OFF · 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
OFFICE BUILDING Current
Est. value
$395,000
RETAIL STORES
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
MEDICAL BUILDING
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$380,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
2000
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
5l Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
12309 CP CHARLES RD, BAILEY, NC 27807-8512
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
$525,000
5l Properties LLC
Booker Dairy Road 1672 E LLC
Special Warranty Deed
—
Mar 12, 2020
$343,000
Booker Dairy Road 1672 E LLC
Palm Bay Properties LLC
Grant 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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