Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2 Bridge St Elkin, NC 28621
    Back to Search
    Property profile & analytics

    2 Bridge St Elkin, NC 28621

    View on Map
    • Land
    • 0.85 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2 Bridge St

    Lot size
    0.85 lot acres
    Property type
    Land

    Description

    This exceptional 0.85-acre commercial land parcel presents a remarkable opportunity in Elkin, North Carolina. Located at 2 N Bridge St, this property boasts unparalleled visibility due to its prime location on Business US 21-N (N. Bridge St.) and additional road frontage adjacent to Brandywine Circle. The permitted zoning is commercial, making it ideally suited for a diverse range of uses, including high-visibility retail establishments, restaurants, or business offices. Its strategic positioning beside Price Equipment Company further enhances its appeal and potential for synergistic business relationships. The asking price for this exceptional property is $150,000. This is a rare chance to acquire a highly desirable commercial lot in a thriving area with excellent access and high traffic volume. The property's 0.85-acre size offers ample space for development, ensuring flexibility in design and construction. Don't miss this opportunity to secure a prime location for your next commercial venture in the heart of Elkin, Surry County, NC, zip code 28621.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkin
    County
    Surry
    State
    North Carolina
    Longitude
    -80.8524
    Latitude
    36.2889

    Comparable in this City

    • Value Estimation by Request
      1.13 Acres

      Bridge St

      Land • 1.13 Acres
      0 Bridge St, Elkin, NC 28621
      View Details
    • Value Estimation by Request
      1.00 Acre

      00 Cc Camp Rd

      Land • 1.00 Acre
      00 Cc Camp Rd, Elkin, NC 28621
      View Details
    • Value Estimation by Request
      1.28 Acres

      Brandywine Cir

      Land • 1.28 Acres
      0 Brandywine Cir, Elkin, NC 28621
      View Details
    • Value Estimation by Request
      2.00 Acres

      3 Bridge St

      Land • 2.00 Acres
      3 Bridge St, Elkin, NC 28621
      View Details
    • Value Estimation by Request
      2.97 Acres

      Cc Camp Rd

      Land • 2.97 Acres
      0 Cc Camp Rd, Elkin, NC 28621
      View Details
    • Value Estimation by Request
      10.72 Acres

      Cc Camp Rd

      Land • 10.72 Acres
      0 Cc Camp Rd, Elkin, NC 28621
      View Details

    Similar Nearby for Sale

    • $150,000
      1.28 Acres

      Elkin, NC Commercial Land Parcel

      1.28 Acres, Prime Commercial Location
      0 Brandywine Cir, 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 Rd, Elkin, NC 28621
      View Details
    • $285,000

      Land with Development Potential

      Land near downtown Elkin with multiple building sites.
      00 E Main St, Elkin, NC 28621
      View Details
    • $830,000
      20.75 Acres

      Undeveloped Land Near Downtown Elkin

      20.75 acres near downtown Elkin with creek and utilities.
      E Main St, Elkin, NC 28621
      View Details
    • $450,000
      2.00 Acres

      High-Visibility Elkin Commercial Lot

      Two-acre corner lot, high traffic area.
      Tbd-3 Bridge St, Elkin, NC 28621
      View Details
    • $114,900

      Versatile Land Parcel with Mountain Views

      8-acre unrestricted land perfect for farming, building, or recreation.
      00 Austin Traphill Rd, Elkin, NC 28621
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Elkin, NC

      Retail space available in Elkmont Plaza, Elkin, North Carolina.
      1643 N Bridge St, Elkin, NC 28621
      View Details
    • Contact for pricing

      Medical Building Near Hugh Chatham

      Updated medical building near hospital and downtown Elkin.
      201 Samaritans Ridge Rd, Elkin, NC 28621
      View Details
    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.
    2 Bridge St
    Elkin, NC 28621
    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

    Thank You for Inquiry
    2 Bridge St, Elkin, NC, 28621
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!