809 Venture Dr, Smithfield, NC 27577-4773
- Hotels
- 47,716 SF
- 1.51 lot acres
Current Use by Public Records
- Fairfield Inn & Suites Smithfield Selma/I-95 / Hotel & Motel
- 809 Venture Drive Parking / Parking Lot & Garage
Property Details for 809 Venture Dr
- Year built
- 2013
- Lot size
- 1.51 lot acres
- Zone code
- SUP
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 15L11008N
- APU
- 15L11008N
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 4, 2025 | — | Shri Smithfield LLC | — | Deed · related | $6.6M · Ks Bank INC |
| May 12, 2022 | $7,300,000 | Shri Smithfield LLC | Smithfield Hotels LLC | Special Warranty Deed | — |
| Nov 24, 2020 | — | Refreshing Springs Outreach Mi | — | Deed · related | $106k · United Cmnty Bk |
| Jun 18, 2008 | $575,000 | Smithfield Hotels LLC | Mclamb Investments LLC | Warranty Deed | $489k · Four Oaks Bank & Trust Co |
| Jun 4, 2004 | — | Mclamb Investments LLC | Mclamb,michael L & Heather D | Quit Claim Deed · related | — |
| Jun 4, 2004 | $137,500 | Michael L Mclamb | Sparks,h D & Gail | Warranty Deed | — |
| — | — | Smithfield Hotels LLC | — | Deed Of Trust · related | $5M · High Point Bank & Trust Co |
| — | — | Refreshing Springs Outreach Mi | — | Deed Of Trust · related | $106k · United Cmnty Bk |
Description
This 89-key Fairfield Inn & Suites, built in 2013 and renovated in 2022, presents a compelling investment opportunity. Located at 809 Venture Dr, Smithfield, NC 27577, this four-story, 50,417 square foot hotel sits on a 1.51-acre lot and enjoys unparalleled visibility and accessibility due to its proximity to Interstate 95's exit 95 corridor (46,500 average daily traffic). The hotel benefits from its location near major demand generators, including Carolina Premium Outlets, UNC Health/Johnston Memorial Hospital, and Johnston Community College. Smithfield's position within the Raleigh Metropolitan Statistical Area (MSA), approximately 25 miles southeast of Raleigh, and its proximity to the Research Triangle, provides access to a large population base exceeding 2 million residents in the Raleigh-Durham-Cary combined statistical area. The property is offered below replacement cost, presenting significant upside potential through operational improvements and revenue management strategies. The hotel is currently unencumbered by a management company, allowing for operational control and flexibility in choosing a management partner. A potential 20-year franchise license with Marriott is possible with room renovations. There is an existing assumable non-recourse CMBS loan, offering buyers flexibility in financing options. Minimal capital expenditures are anticipated for the next owner due to recent renovations. This presents a unique opportunity to acquire a well-positioned hotel with substantial growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,250,000
- ML approach
- $6,925,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,985,000
- 6.5%
- $4,605,000
- 7%
- $4,275,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,115,000
- OFFICE BUILDING
- $5,990,000
- MEDICAL BUILDING
- $5,270,000
- RESTAURANT
- $4,715,000
- AUTO REPAIR, GARAGE
- $4,430,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Smithfield
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.3181
- Latitude
- 35.5074
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
