Property profile

36 Edgerton St Smithfield, NC 27577

OFF-MARKET
Warehouses
Property ID
US53-1214144
31,397 SF 7.72 ac lot Built 1920
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 62,000 square foot retail property, located at 36 E Edgerton St in Smithfield, North Carolina (zip code 27577), presents a compelling investment opportunity. Situated on a substantial 7.7-acre lot (APN 15006015), this multi-tenant building offers significant flexibility for a single-tenant operator, potentially ideal as a lay-down yard. The property benefits from existing water and sewer connections. Recent improvements include a new roof, upgraded electrical panels for each unit, energy-efficient LED lighting throughout, a resurfaced asphalt parking lot, enhanced site drainage, completely renovated bathrooms with new fixtures, new overhead doors, a newly constructed common corridor for the loading dock, new metal siding, and a rebuilt exterior canopy. The asking price is $6,000,000. This property's size, location, and recent renovations make it an attractive prospect for a variety of uses. The flexible lease terms allow for a potentially quick transition for a new owner. This is a rare opportunity to acquire a substantial retail property with significant acreage in a desirable location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1920
Total area 31,397 SF
Lot 7.72 ac (336,283 SF)
Zoning code IND
APN 15006015
UPID US53-1214144

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Auto Repair Shop
  • Auto Repair Shop
  • Hardware & Home Improvement Production Facility
  • Home Decor Store Department Store

Location

36 Edgerton St Smithfield, NC 27577-4733
Smithfield metro Census 40700 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$595k

Owner & transaction history

since 2025
Last sale
$500,000
7 recorded transactions
2025
$500,000
2020
Price N/A
2014
Price N/A
2014
$150,000
2011
$740,384
2008
$1.2M
2006
Price N/A

Zoning & alternative use

IND · Smithfield, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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