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    Property profile & analytics

    2201 Kay Dr, Unit 2206 Smithfield, NC 27577-5225

    • Garden apartment buildings
    • 5,913 SF
    • 8.25 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 06, 2020
    Location Intelligence
    Property ID
    US53-2328226
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 2201 Kay Dr

    Year built
    1971
    Lot size
    8.25 lot acres
    Property size
    5,913 SF
    Zone code
    RES
    Property type
    Garden apartment buildings
    APN
    15A61044
    APU
    15A61044

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.3654
    Latitude
    35.4855
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $718,740
    $4,969,820
    $5,688,560
    -
    $718,740
    $4,969,820
    $5,688,560

    Comparable in this City

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      1,423 SF

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    • Value Estimation by Request
      5,520 SF

      306 Canterbury Rd

      GARDEN APT, COURT APT (5+ UNITS) • 5,520 SF
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      $290,000
      3,360 SF

      4552 Stevens Sausage Rd, Unit 4560

      GARDEN APT, COURT APT (5+ UNITS) • 3,360 SF
      4552 Stevens Sausage Rd, Smithfield, NC 27577-7525
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    • Value Estimation
      $235,000
      2,746 SF

      212 Underwood Ave, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 2,746 SF
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    • Value Estimation by Request
      26,642 SF

      204 Skyland Dr

      GARDEN APT, COURT APT (5+ UNITS) • 26,642 SF
      204 Skyland Dr, Smithfield, NC 27577-5634
      View Details
    • Value Estimation by Request
      9,814 SF

      901 Berkshire Rd

      GARDEN APT, COURT APT (5+ UNITS) • 9,814 SF
      901 Berkshire Rd, Smithfield, NC 27577-4750
      View Details

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    2201 Kay Dr, Unit 2206
    Smithfield, NC 27577-5225
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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