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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Warehouses
3411 Stevens Sausage Rd Smithfield, NC 27577-7539
Entity Owned
18-yr Hold
Free & Clear
Property ID
US53-2137098
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
8,209 SF
Lot
9.59 ac (417,740 SF)
Zoning code
RAG
APN
15L12015D
UPID
US53-2137098
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
-
Stevens Sausage Co., Inc. Specialty Food Shop Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$945k
Owner & transaction history
Stevens Sausage Road 3411 LLC · 18 yrs held
Stevens Sausage Road 3411 LLC
since 2007
2 recorded transactions
Zoning & alternative use
RAG · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+80.4%
Auto repair, garage
$1.3M
+71.5%
Neighborhood: shopping center
$1.2M
+65.4%
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%
$1,125,000
6.5%
$1,035,000
7%
$965,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$730,000
Current use
RETAIL STORES
$1,315,000
Change: +80% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,250,000
Change: +72% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,205,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$1,195,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$1,125,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,075,000
Change: +48% · Conversion: Difficult
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
$115 / 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
$4,432
Tax year 2024
Assessed value
$547,200
Assessed 2024
Previous assessed
$547,200
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$86,200
Assessed improvement
$461,000
Land market value
$86,200
Improvement market value
$461,000
Total market value
$547,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Heating
RADIANT
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
4
Total area
8,209 SF
Lot
9.59 ac (417,740 SF)
Zoning code
RAG
APN
15L12015D
UPID
US53-2137098
Jurisdiction
JOHNSTON
Zoning & alternative use
RAG · Smithfield, NC
Zoning RAG · permitted uses
RAG · 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
WAREHOUSE, STORAGE Current
Est. value
$730,000
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1975
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
9.59 ac
Current owner
From public records · entity-resolved
Stevens Sausage Road 3411 LLC
Entity
Free & Clear · 18 yrs held
Mailing address
3411 STEVENS SAUSAGE RD, SMITHFIELD, NC 27577-7539
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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 21, 2007
—
Stevens Sausage Road 3411 LLC
Owner Name Unavailable
Grant Deed
related
—
Jan 23, 2007
—
Stevens Sausage Road 3411 LLC
Stevens,timothy V & Anita G
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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