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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Industrial properties
300 Citation Ln Smithfield, NC 27577-8738
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-0670066
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2007
Total area
5,220 SF
Lot
5.42 ac (236,095 SF)
Zoning code
IND
APN
15079005F
UPID
US53-0670066
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
-
Gates Concrete & Construction Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$945k
Owner & transaction history
Gates Group Of Johnston Cnty LLC · 19 yrs held
Gates Group Of Johnston Cnty LLC
since 2006
7 recorded transactions
Zoning & alternative use
IND · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+70.1%
Retail stores
$835,000
+22.0%
Auto repair, garage
$795,000
+16.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
RESTAURANT
$1,165,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$835,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$795,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$765,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$760,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$715,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10%
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
$181 / 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
$5,955
Tax year 2024
Assessed value
$669,120
Assessed 2024
Previous assessed
$669,120
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$223,860
Assessed improvement
$445,260
Land market value
$223,860
Improvement market value
$445,260
Total market value
$669,120
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
3
Total area
5,220 SF
Lot
5.42 ac (236,095 SF)
Zoning code
IND
APN
15079005F
UPID
US53-0670066
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) Current
Est. value
$685,000
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$765,000
MEDICAL BUILDING
Est. value
$760,000
OFFICE BUILDING
Est. value
$715,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
5.42 ac
Current owner
From public records · entity-resolved
Gates Group Of Johnston Cnty LLC
Entity
Mailing address
300 CITATION LN, SMITHFIELD, NC 27577-8738
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
—
The Gates Group Of Johnson County L
—
Deed
related
$500,000 · United Community Bank
Nov 9, 2017
—
Gates Group Of Johnston Cnty L
—
Deed
related
$450,000 · Four Oaks Bk&tr
Oct 6, 2006
—
Gates Group Of Johnston Cnty LLC
Johnston Cnty Arpt Authority
Quit Claim Deed
$136,500 · Four Oaks Bk&tr
—
—
Gates Group Of Johnston Cnty LLC
—
Deed Of Trust
related
$470,475 · Four Oaks Bank & Trust Co
—
—
Gates Group Of Johnston Cnty LLC
—
Deed Of Trust
related
$136,048 · Four Oaks Bank & Trust Co
—
—
Gates Group Of Johnston County Ll
—
Deed Of Trust
related
$728,000 · Branch Banking & Trust Co
—
—
Gates Group Of Johnston Cnty L
—
Deed Of Trust
related
$450,000 · Four Oaks Bk&tr
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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