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Property profile & analytics
OFF-MARKET
Estimated value
$10,835,000
Medical Office Space
514 Brightleaf Blvd Smithfield, NC 27577-4407
Entity Owned
Free & Clear
Property ID
US53-1757244
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1912
Total area
57,014 SF
Lot
15.03 ac (654,707 SF)
Zoning code
COM
APN
15018001
UPID
US53-1757244
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
-
Jeri E. Dickinson, MD Physician
-
Bessaliea Athalia Griffin Physician
-
Gregg H. Goldin, MD Physician
-
Hunnings Blakely A Employment Agency
-
Johnston Hem Onc Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.27M
Comparable Approach
Comparable
$11.70M
Blend (final)
Blend
$10.84M
Owner & transaction history
COUNTY JOHNSTON
COUNTY JOHNSTON
Zoning & alternative use
COM · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.7M
+53.5%
Retail stores
$9.1M
+10.0%
Auto repair, garage
$8.7M
+4.6%
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%
$13,290,000
6.5%
$12,270,000
7%
$11,390,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,290,000
Current use
RESTAURANT
$12,725,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$9,120,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,670,000
Change: +5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,360,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$7,815,000
Change: -6% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,480,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$10.84M
Range $9.75M – $11.92M · ±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
$190 / 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
Assessed value
$14,593,160
Assessed 2024
Previous assessed
$14,593,160
+0.0% YoY
Assessed land
$3,370,340
Assessed improvement
$11,222,820
Land market value
$3,370,340
Improvement market value
$11,222,820
Total market value
$14,593,160
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Cooling
EVAPORATIVE
Buildings
8
Stories
1
Total area
57,014 SF
Lot
15.03 ac (654,707 SF)
Zoning code
COM
APN
15018001
UPID
US53-1757244
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Smithfield, NC
Zoning COM · permitted uses
COM · Smithfield, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smithfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.3M
RESTAURANT
Est. value
$12.7M
RETAIL STORES
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.5M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1912
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Lot
15.03 ac
Current owner
From public records · entity-resolved
COUNTY JOHNSTON
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 1049, SMITHFIELD, NC 27577-1049
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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