Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Johnson Ridge Road Elkin, NC 28621

    View on Map
    For Sale
    $49,900

    LAND - Elkin, NC

    Lot size:
    2.04 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 1 at 6:06 am

    Property Features for Johnson Ridge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    4961-09-07-8151
    Lot size
    2.04 Acres

    Taxes and HOA fees

    TaxDescription
    1 LOT CORNER MARION RD & JOHNSON RIDGE RD.

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Debbie Wilkes
    Debbie Wilkes

    Listing agent Debbie Wilkes License #173741

    Listing office Premier Realty of NC LLC 228 Hwy 801 South, Advance, NC

    Listing date Feb 11, 2026

    MLS# 4344736 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Elkin, North Carolina

    This 2.04-acre tract is located in the Elkin area. The gently sloping parcel offers a potential homesite with room for a custom home, garden, or recreational use. It is situated in peaceful rural surroundings, minutes from downtown Elkin, local wineries, shopping, dining, and major roadways. This property presents an opportunity for buyers looking to build or invest in land in Surry County, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Elkin
    County
    Surry
    State
    North Carolina
    Longitude
    -80.82802
    Latitude
    36.25652

    Nearby Similar for Sale

    • $89,000

      Yadkin Riverfront Farmland Opportunity

      7.9+/- acres of land with Yadkin River frontage.
      Nc Hwy 268, Elkin, NC 28621
      View Details
    • $689,000
      5,040 SF

      Medical Office Shell on Campus

      Customizable medical office shell located on Hugh Chatham Health campus.
      301 Eldon Parks Dr, Elkin, NC 28621
      View Details
    • $69,000

      Wooded Land Near Elkin, NC

      6+/- acre wooded parcel near Stone Mountain State Park.
      Tbd Leeford Lane, Elkin, NC 28621
      View Details
    • $60,000

      Highway Frontage Pasture Land

      4.5 acres of pasture land with highway frontage.
      Tbd US Highway 268, Elkin, NC 28621
      View Details
    • $925,000

      Commercial Land in High-Growth Area

      Commercial land for sale in Surry County's high-growth corridor.
      861 johnson ridge Road, Elkin, NC 28621
      View Details
    • $640,000
      1,504 SF

      Turnkey Winery and Tasting Room

      Boutique winery with real estate, business, and inventory for sale.
      913 N Bridge St, Elkin, NC 28621
      View Details
    • $40,000

      Level Pasture Land in Elkin

      Ideal land for building a dream home near Elkin.
      Tbd Timberlake Trail, Elkin, NC 28621
      View Details
    • $27,000

      Wooded Lot Near Downtown Elkin

      Wooded building lot near downtown Elkin with no city taxes.
      1 Tbd Timberlake Trail, Elkin, NC 28621
      View Details
    • $949,999

      Historic Downtown Elkin Commercial Property

      Refurbished commercial building with potential for restaurant, retail, or mixed-use.
      101 E Main Street, Elkin, NC 28621
      View Details
    • $749,000
      7,611 SF

      Mixed Use, Multifamily, Office, Retail

      105 W Main St, Elkin, NC 28621
      View Details
    • $1,200,000

      Downtown Elkin Commercial Property ForSale

      Stabilized commercial property in Downtown Elkin with reliable cash flow.
      112 Church Street, Elkin, NC 28621
      View Details
    • $75,000

      Elkin Land Parcel For Sale

      3.28 acres in Elkin, NC, ideal for homesteading or investment.
      318 Wayne Marshall Road, Elkin, NC 28621
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.04-acre tract near downtown Elkin, ideal for building.
    Where is this residential land & home lot located?
    The property is located at Johnson Ridge Road Elkin, NC.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Large 2.04‑acre tract offers space and privacy.; Gently sloping parcel suitable for building a custom home.; Conveniently located minutes from downtown Elkin.
    (336) 998-7777
    We can help!
    Listing Contact
    Debbie Wilkes
    Debbie Wilkes
    Real Estate License ID: 173741
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!