721 Brightleaf Blvd, Smithfield, NC 27577-4383
- Strip malls
- 45,214 SF
- 10.73 lot acres
Current Use by Public Records
- Western Union / Bank / Credit Union
- Pizazz / Social Service Agency / Charitable Organization
- 815 Gourmet Grill / Restaurant
- Smithfield Business Center / Business Management Consultant
- Jernigan Furniture / Furniture & Home Goods / Home Decor Store
Property Details for 721 Brightleaf Blvd
- Year built
- 1974
- Lot size
- 10.73 lot acres
- Zone code
- COM
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 15004024C
- APU
- 15004024C
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 15, 2025 | $8,232,500 | Pine Needles 2024 LLC | Patando II LLC | Special Warranty Deed | — |
| Nov 1, 2022 | — | S&s Java Enterprises Smithfield LLC | Patando II LLC | Lease | — |
| Nov 17, 2021 | — | Patando II LLC | — | Deed · related | $4.5M · Ks Bank INC |
| Oct 31, 2017 | $3,813,000 | Patando II LLC | Johnston Properties INC | Special Warranty Deed | $2.8M · Ks Bank INC |
Description
This exceptional retail property, located at 721 N Brightleaf Boulevard in Smithfield, North Carolina, presents a unique investment opportunity. The 106,083 square foot shopping center, built in 1974 and extensively renovated in 2020, offers two available suites, perfect for a variety of retail businesses. Each suite is highly adaptable, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 3,200 square feet. Currently, 4,400 square feet of space is available for lease. The property boasts ample surface parking with 472 spaces, ensuring convenient access for customers. Situated in Johnston County, the center benefits from a highly visible location on N Brightleaf Boulevard, within the 27577 zip code. The property is zoned for shopping center spaces, making it ideal for a range of retail uses. This well-maintained and updated center offers a strong foundation for immediate occupancy and future growth. The property's recent renovation ensures modern amenities and a contemporary aesthetic, attracting both tenants and customers. Don't miss this chance to secure a prime retail location in a thriving community.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,810,000
- ML approach
- $8,070,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $11,865,000
- 6.5%
- $10,955,000
- 7%
- $10,170,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,280,000
Market price range: $4.36M - $9.90M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $6,630,000 Current use
- RESTAURANT
- $10,090,000 Change: +52% Conversion: Difficult
- RETAIL STORES
- $7,230,000 Change: +9% Conversion: Easy
- AUTO REPAIR, GARAGE
- $6,875,000 Change: +4% Conversion: Difficult
- MEDICAL BUILDING
- $6,570,000 Change: -1% Conversion: Difficult
- OFFICE BUILDING
- $6,200,000 Change: -7% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $5,930,000 Change: -11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Smithfield
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.3296
- Latitude
- 35.5153
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
