721 Brightleaf Blvd Smithfield, NC 27577-4383
- Strip malls
- 45,214 SF
- 10.73 lot acres
Current Use by Public Records
- Western Union / Money Transfer Service
- Pizazz / Social Services Organization
- 815 Gourmet Grill / Hamburger Restaurant / Lounge
- Smithfield Business Center / Business Management Consultant
- Jernigan Furniture / Furniture Store
Property Details for 721 Brightleaf Blvd
- Year built
- 1974
- Lot size
- 10.73 lot acres
- Property size
- 45,214 SF
- Zone code
- COM
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 15004024C
- APU
- 15004024C
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,810,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,720,000
- 6.5%
- $8,350,000
- 7%
- $7,420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,905,000
- Geo Method
- $7,470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,330,000
- Retail
- $7,080,000
- Mixed-Use
- $7,975,000
- Hospitality
- $8,155,000
- Educational
- $7,715,000
- Residential Income
- $8,470,000
- Energy
- $8,695,000
- Income-Based Land
- $8,095,000
- Food Service
- $8,595,000
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
