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    OFF-MARKET
    Office Spaces

    201 Samaritans Ridge Rd, Elkin, NC 28621

    4,800 SF 0.84 ac lot Built 2005
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office Spaces
    Year built 2005
    Total area 4,800 SF
    Lot 0.84 ac (36,590 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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