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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Strip malls
388 Venture Dr Smithfield, NC 27577-4775
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1028492
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
17,570 SF
Lot
3.99 ac (173,804 SF)
Zoning code
COM
APN
15008045U
UPID
US53-1028492
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
-
Gallery Furniture Inc Furniture & Home Goods Home Decor Store
-
Saleeby Saleeby Physician
-
Diana Walker Physician
-
Rent-A-Center Furniture & Home Goods Home Decor Store
-
Partners Commercial Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Mohamed & Sons INC · 1 yrs held
Mohamed & Sons INC
since 2025
7 recorded transactions
Zoning & alternative use
COM · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code Definitions
Top alternative use upside
Retail stores
$2.8M
+9.1%
Auto repair, garage
$2.7M
+3.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,575,000
Current use
RETAIL STORES
$2,810,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,670,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$2,555,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$2,410,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,305,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$127 / 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
$29,748
Tax year 2024
Assessed value
$2,399,060
Assessed 2024
Previous assessed
$2,399,060
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$685,610
Assessed improvement
$1,713,450
Land market value
$685,610
Improvement market value
$1,713,450
Total market value
$2,399,060
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
17,570 SF
Lot
3.99 ac (173,804 SF)
Zoning code
COM
APN
15008045U
UPID
US53-1028492
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Smithfield, NCZoning COM · permitted uses
COM · Smithfield, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code Definitions
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.6M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.99 ac
Current owner
From public records · entity-resolved
Mohamed & Sons INC
Entity
Mailing address
PO BOX 1236, SMITHFIELD, NC 27577-1236
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2025
—
Mohamed & Sons INC
—
Deed
related
$1,300,000 · United Community Bank
Oct 4, 2023
—
Mohamed & Sons INC
—
Deed
related
$489,200 · United Community Bank
Feb 10, 2022
—
Mohamed Sons INC
—
Deed
related
$500,000 · United Community Bank
Feb 1, 2006
—
Mohamed & Sons INC
—
Deed Of Trust
related
$1,537,650 · Four Oaks Bank & Trust Co
—
—
Mohamed & Sons INC
—
Deed Of Trust
related
$115,000 · Four Oaks Bank & Trust Co
—
—
Mohamed & Sons INC
—
Deed Of Trust
related
$309,000 · Four Oaks Bank & Trust Co
—
—
Mohamed & Sons INC
—
Deed Of Trust
related
$115,000 · Four Oaks Bank & Trust Co
—
—
Mohamed & Sons INC
—
Deed Of Trust
related
$175,000 · Four Oaks Bank & Trust Co
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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