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Property profile & analytics
OFF-MARKET
Turn key restaurants
401 Outlet Ctr Dr Smithfield, NC 27577
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0999589
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Total area
6,505 SF
Lot
2.23 ac (97,139 SF)
Zoning code
COM
APN
15008045D
UPID
US53-0999589
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gulfstream Land And Trade LLC · 4 yrs held
Gulfstream Land And Trade LLC
since 2022
Last sale
$322,000
4 recorded transactions
Zoning & alternative use
COM · Smithfield, NC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$24,303
Tax year 2024
Assessed value
$1,959,880
Assessed 2024
Previous assessed
$1,959,880
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,174,600
Assessed improvement
$785,280
Land market value
$1,174,600
Improvement market value
$785,280
Total market value
$1,959,880
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Bathrooms
3
Total area
6,505 SF
Lot
2.23 ac (97,139 SF)
Zoning code
COM
APN
15008045D
UPID
US53-0999589
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
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
2.23 ac
Current owner
From public records · entity-resolved
Gulfstream Land And Trade LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2608 SW BEAUMONT AVE, PALM CITY, FL 34990-5409
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$2,500,000
Gulfstream Land And Trade LLC
Smithfield Nc Tss Re LLC
Special Warranty Deed
—
Jun 3, 2021
$893,500
Smithfield Nc Tss Re LLC
Store Master Funding II LLC
Special Warranty Deed
$2,880,000 · First Oklahoma Bank
Oct 2, 2012
$1,082,500
Store Master Funding II LLC
Texas Steak Ltd
Grant Deed
related
—
Mar 25, 2011
$19,500
Owner Name Unavailable
Owner Name Unavailable
Grant 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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