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    201 Samaritans Ridge Rd Elkin, NC 28621

    Sponsored
    For Lease
    $17 SF/Yr ($7,000 /Mo)

    Modern medical office, prime location.

    Lot size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,800 square foot medical office building in Elkin, North Carolina, presents a unique investment opportunity. Situated on 0.84 acres, this single-building property, constructed in 2005, is zoned MA-Medical Arts and offers easy access to Interstate 77 and US Highway 21. The building features two suites, currently fully vacant, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 2,400 square feet. One suite, approximately 1,710 square feet, has recently undergone a renovation transforming it from procedure and recovery rooms into four exam rooms, a break room, two offices, a lobby/reception area, two restrooms, and a blood collection/storage room. The property is less than half a mile from Hugh Chatham Memorial Hospital, providing convenient access for patients and staff. Its proximity to historic downtown Elkin and numerous residential neighborhoods adds to its appeal. The lease rate is $17.50 per square foot, with an additional $4.65 per square foot for taxes, insurance, and common area maintenance (TICAM). This is a triple net (NNN) lease, with a minimum lease term of three years. The property's strategic location, modern amenities, and recent renovations make it an ideal space for medical practices seeking a high-visibility location in a thriving community.

    Property Features for 201 Samaritans Ridge Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,800 SF
    Total Rate
    7000

    Building Details

    Year Built
    2005
    Buildings
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,710 SF
    Rate per SF
    $17

    HighLights

    • 4,800 SF medical office building in Elkin, NC on 0.84 acres.
    • Built in 2005, zoned MA‑Medical Arts, with easy I‑77 & US Hwy 21 access.
    • Two suites (currently vacant), each approximately 2,400 SF.
    • One suite recently renovated with four exam rooms, offices, and support spaces.
    • Less than 0.5 miles from Hugh Chatham Memorial Hospital.
    • NNN lease at $17.50/SF + $4.65/SF CAM, minimum 3‑year term.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkin
    County
    Surry
    State
    North Carolina
    Longitude
    -80.826871927446
    Latitude
    36.262062897757

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    FAQs

    What type of property is this?
    Medical office - Modern medical office, prime location.
    Where is this medical office located?
    The property is located at 201 Samaritans Ridge Rd Elkin, NC.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 4,800 SF medical office building in Elkin, NC on 0.84 acres.; Built in 2005, zoned MA-Medical Arts, with easy I-77 & US Hwy 21 access.; Two suites (currently vacant), each approximately 2,400 SF.
    Request Owner's contact information
    201 Samaritans Ridge Rd Elkin, NC 28621
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    Elkin, NC 28621
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    Realmo Value Estimation

    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.

    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.

    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
    201 Samaritans Ridge Rd Elkin, NC 28621
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