Entity Owned Property summary
AI-generated overview
This exceptional 6.88-acre commercial lot is situated in Smithfield, North Carolina, on bustling US 70 Business (Market Street). Zoned B-3, it offers significant potential for various commercial uses, with a suggested highest and best use as a storage facility. The property's prime location provides high visibility and accessibility, benefiting from proximity to downtown Smithfield and adjacency to a Dollar General store, ensuring consistent traffic flow. The lot is conveniently located within a thriving area of Johnston County, experiencing substantial growth, ranking first in percentage and sixth in total growth for North Carolina. The area boasts a population exceeding 28,000 within a 5-mile radius, with average household incomes of $49,279, creating a robust market for diverse commercial ventures. Water access is available on-site
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
9,090 SF
Lot
1.39 ac (60,548 SF)
Zoning code
COM
APN
15080062F
UPID
US53-0010512
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
-
Discount Store
-
Bank Credit Union
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.59M
Owner & transaction history
since 2020
Last sale
$1.4M
1 recorded transaction
Zoning & alternative use
COM · Smithfield, NC
Top alternative use upside
Restaurant
$2.0M
+39.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.59M
Value range
$1.43M – $1.75M
±10% around blend
Estimated value / SF
$175 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
40
$1.43M
blend $1.59M
$1.75M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,090 SF
Lot area
1.39 ac
Year built
2018
Stories
1
APN
15080062F
Zoning
COM
Assessed value
$1,188,400
Annual tax
$14,736
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.72M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.86M
@ 6.5% CAP return
$1.72M
@ 7% CAP return
$1.60M
4
Sales comparison
Partial preview
Sales approach indication
$1.28M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.8 mi away · 10,300 SF
20.7 mi away · 7,860 SF
21.2 mi away · 7,999 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.59M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 27 sales
$160
+9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $175/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+40%
vs current-use indication
Retail Stores · current use
Auto Repair, Garage
Neighborhood: Shopping Center
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
7.00%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.00%
9.0%
NOI (est.)
$95k *
Last sale · Aug 2020
$1.35M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.35M
Move the market yield to see immediate price impact.
Value / SF
$149
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.50%7.00%7.50%
$85k
$1.31M
$1.22M
$1.14M
$95k
$1.46M
$1.35M
$1.26M
$104k
$1.60M
$1.49M
$1.39M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$891k
3.1 mi · Oct 2025 · $129/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,736
Tax year 2024
Assessed value
$1,188,400
Assessed 2024
Previous assessed
$1,188,400
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$208,890
Assessed improvement
$979,510
Land market value
$208,890
Improvement market value
$979,510
Total market value
$1,188,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
9,090 SF
Lot
1.39 ac (60,548 SF)
Zoning code
COM
APN
15080062F
UPID
US53-0010512
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Smithfield, NCZoning COM · permitted uses
COM · Smithfield, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.39 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
COM
Jurisdiction
Smithfield, NC
Recorded code
COM
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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