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    Property profile & analytics

    255 Equity Dr Smithfield, NC 27577-6053

    • Strip malls
    • 8,820 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    $1,600,000
    Last Sale
    Nov 26, 2024
    $1,600,000
    Location Intelligence
    Property ID
    US53-2104744
    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

    • U.S. Army Recruiting North Carolina / Military Recruiting Office
    • Adam & Eve Stores / Lingerie Store
    • HWY 95 Tobacco & Vapor / Vaporizer Store / Tobacco Shop
    • US Navy Enlisted Recruiting / Military Recruiting Office
    • US Marine Corps Recruiting / Military Recruiting Office

    Property Details for 255 Equity Dr

    Year built
    2005
    Lot size
    1.09 lot acres
    Property size
    8,820 SF
    Zone code
    COM
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    15008045M
    APU
    15008045M

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,520,000
      6.5%
      $1,735,000
      7%
      $1,660,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,575,000
      Geo Method
      $1,620,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,390,000
      Retail
      $1,630,000
      Mixed-Use
      $1,545,000
      Hospitality
      $1,545,000
      Educational
      $1,710,000
      Residential Income
      $1,595,000
      Energy
      $1,800,000
      Income-Based Land
      $1,460,000
      Food Service
      $1,655,000

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.3208
    Latitude
    35.5075
    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
    $13,842
    $437,400
    $678,890
    $1,116,290
    -
    $437,400
    $678,890
    $1,116,290

    Comparable in this City

    • Value Estimation by Request
      26,000 SF

      2176 Us Hwy 70th E

      SHOPPING CENTER, STRIP CENTER • 26,000 SF
      2176 Us Hwy 70th E, Smithfield, NC 27577
      View Details
    • Value Estimation
      $410,000
      5,045 SF

      817 Brightleaf Blvd

      SHOPPING CENTER, STRIP CENTER • 5,045 SF
      817 Brightleaf Blvd, Smithfield, NC 27577-4390
      View Details
    • Value Estimation by Request
      7,664 SF

      3241 Us Hwy 70th E

      SHOPPING CENTER, STRIP CENTER • 7,664 SF
      3241 Us Hwy 70th E, Smithfield, NC 27577-8740
      View Details
    • Value Estimation by Request
      204,000 SF

      1025 Outlet Ctr Dr

      SHOPPING CENTER, STRIP CENTER • 204,000 SF
      1025 Outlet Ctr Dr, Smithfield, NC 27577-6041
      View Details
    • Value Estimation
      $240,000
      9,362 SF

      1547 Market St

      SHOPPING CENTER, STRIP CENTER • 9,362 SF
      1547 Market St, Smithfield, NC 27577-5077
      View Details
    • Value Estimation by Request
      15,000 SF

      721 Venture Dr

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      721 Venture Dr, Smithfield, NC 27577-4771
      View Details

    Similar Nearby for Sale

    • $1,300,000
      Pending

      Smithfield Commercial Land For Sale

      1.18 acre commercial lot with road frontage in Smithfield, NC.
      1266 N Brightleaf Blvd, Smithfield, NC 27577
      View Details
    • $995,000
      1,620 SF

      Daycare Facility on High-Traffic Road

      1,620 sq ft daycare on 0.788-acre lot for sale.
      651 N Brightleaf Blvd, Smithfield, NC 27577
      View Details
    • $350,000
      1.04 Acres

      Market St. Commercial Lot - Smithfield, NC

      High-traffic corner lot, ideal retail.
      0 Market St, Smithfield, NC 27577
      View Details
    • $3,000,000
      25.00 Acres

      Prime I-95 Commercial Land

      25 acres, ideal for development. High visibility location.
      1350 Whitley Farm Rd, Smithfield, NC 27577
      View Details
    • $319,900
      2,300 SF

      Downtown Smithfield Office Building

      Renovated Office/Residential Space, High Potential
      510 Bridge St, Smithfield, NC 27577
      View Details
    • $850,000
      6.88 Acres

      Smithfield Commercial Land - 6.88 Acres

      Prime Smithfield land, B-3 zoning, high traffic area.
      429 Market St, Smithfield, NC 27577
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,640 SF

      Retail Space in Smithfield, NC

      Retail space for lease in a highly visible shopping center.
      1104 N Brightleaf Blvd | Smithfield, Smithfield, NC 27577
      View Details
    • $27 SF/Yr
      19,000 SF

      Johnston County Airport Office Space

      Class A Office Suites near I-95
      3149-C Swift Creek Rd, Smithfield, NC 27577
      View Details
    • $18 SF/Yr
      4,656 SF

      Downtown Smithfield Retail Space

      Prime Johnston County location, 2,250 sq ft available.
      134 3Rd St, Smithfield, NC 27577
      View Details
    • Contact for pricing
      9,640 SF

      Smithfield Retail Space For Lease

      Prime Johnston County retail space available.
      1104 Brightleaf Blvd, Smithfield, NC 27577
      View Details
    • $8 SF/Yr
      46,000 SF

      South Smithfield Warehouse Space Available

      Seven warehouse buildings, flexible space.
      711 Rose St, Smithfield, NC 27577
      View Details
    • $5,000 /Mo
      800 SF

      Smithfield Car Dealership For Lease

      Fully operational car dealership with office and storage in Smithfield.
      803 S Brightleaf Blvd, Smithfield, NC 27577
      View Details
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    255 Equity Dr
    Smithfield, NC 27577-6053
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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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