429 W Market St Smithfield, NC 27577
Property profile & analytics
429 W Market St, Smithfield, NC 27577
- Retail space
- 9,090 SF
- 1.39 lot acres
Property ID
US53-0010512
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 429 W Market St
- Year built
- 2018
- Lot size
- 1.39 lot acres
- Zone code
- COM
- Property type
- Retail space
- APN
- 15080062F
- APU
- 15080062F
Description
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
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,590,000
- ML approach
- $1,625,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,860,000
- 6.5%
- $1,715,000
- 7%
- $1,595,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,675,000
Market price range: $423k - $1.97M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,455,000 Current use
- RESTAURANT
- $2,030,000 Change: +40% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,380,000 Change: -5% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,335,000 Change: -8% Conversion: Moderate
- MEDICAL BUILDING
- $1,320,000 Change: -9% Conversion: Difficult
- OFFICE BUILDING
- $1,245,000 Change: -14% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,190,000 Change: -18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Smithfield
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.355
- Latitude
- 35.5149
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,736
$208,890
$979,510
$1,188,400
-
$208,890
$979,510
$1,188,400
