Smithfield, NC
Commercial Real Estate Market Trends & Data

$388 Avg asking sale price
$3,752 Avg asking lease rate
32,543 SF Avg unit lease size
6,779 SF Avg building size for sale
6.27% Average cap rate

Smithfield's Demographic Profile

Smithfield has 5,288 households and a median income of $38,056, providing context for rent absorption and tenant demand across retail and multifamily assets. A +20% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 13,453
# Households 5,288
Median age 43
Median household income $38,056
Avg household size 2.0
Renter-occupied housing units 2,444
5-year population change +20%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Smithfield, NC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Smithfield $143 9,908 SF 7.53%
Benson $235 4,147 SF 4.48%
Clayton $495 3,382 SF 5.75%
Nearby Retail Markets Avg Cost/SF Typical Size
Smithfield $441 7,651 SF
Selma $1,090 3,632 SF
Princeton $90 4,699 SF
Clayton $419 9,283 SF
Garner $525 9,370 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Angier $136 14,327 SF 5.90%
Goldsboro $111 8,557 SF 7.50%
Raleigh $270 19,817 SF 6.25%
Lillington $136 14,327 SF 5.90%
Linden $130 4,620 SF 7.50%

Commercial Properties For Sale in Smithfield

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Sheetz

Selma, NC 27576

  • 5,500 SF Retail Building
  • 5.00% Cap Rate
  • $4,500,000
For Sale

706 Wilkins St

Smithfield, NC 27577

  • 4,200 SF Office Building
  • 7.53% Cap Rate
  • $750,000
For Sale

509 E Market St

Smithfield, NC 27577

  • 2.50 AC Lot
  • 1 Commercial Lot
  • $1,800,000
For Sale

Venture Drive

Smithfield, NC 27577

  • 1.26 AC Lot
  • 1 Commercial Lot
  • $675,000
For Sale

230 North Equity Drive

Smithfield, NC 27577

  • 15,616 SF Office Building
  • $1,950,000
For Sale

925 N Brightleaf Blvd

Smithfield, NC 27577

  • 1,836 SF Retail Building
  • $699,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Smithfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Smithfield $388 6,779 SF
Selma $758 4,417 SF
Benson $194 6,784 SF

Regional Demographic Comparison

This comparison places Smithfield alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Smithfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Smithfield 13,453 5,288 43 $38,056 2 2,444 20%
Four Oaks 2,362 920 42 $57,468 3 382 17%
Pine Level 2,130 824 39 $65,131 3 303 18%
Selma 7,423 2,750 35 $24,479 3 1,708 20%
Benson 4,676 1,878 38 $51,412 2 885 21%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Smithfield, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Smithfield

View All Commercial Real Estate For Sale in Smithfield
Is Smithfield a good market for a first-time commercial real estate investor?

Smithfield offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Smithfield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Smithfield. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Smithfield?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Smithfield. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Smithfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Smithfield. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Smithfield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Smithfield, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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