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Property profile & analytics
FOR SALE
Turn key restaurants
101 E Main St, Elkin, NC 28621
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-4358682
For Sale
1 / 31
$949,999
101 E Main St, Elkin, NC 28621
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,090 SF
Lot
0.14 ac (6,316 SF)
Zoning code
B1
APN
4951-14-42-1895
UPID
US53-4358682
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
Current use
Occupant on record · Public records
-
The Wisdom Table Bar & Pub
-
Three Trails Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$660k
Owner & transaction history
Elkin 1 LLC · 5 yrs held
Elkin 1 LLC
since 2021
6 recorded transactions
Zoning & alternative use
B1 · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elkin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,552
Tax year 2024
Assessed value
$376,440
Assessed 2024
Previous assessed
$376,440
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$24,440
Assessed improvement
$352,000
Land market value
$24,440
Improvement market value
$352,000
Total market value
$376,440
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
11,090 SF
Lot
0.14 ac (6,316 SF)
Zoning code
B1
APN
4951-14-42-1895
UPID
US53-4358682
Jurisdiction
SURRY
Zoning & alternative use
B1 · Elkin, NC
Zoning B1 · permitted uses
B1 · Elkin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Elkin 1 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
101 E MAIN ST, ELKIN, NC 28621-3428
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
Elkin One LLC
—
Deed
related
$1,747,270 · First Carolina Bank
Oct 13, 2021
—
Elkin 1 LLC
—
Deed
related
$2,462,922 · First Carolina Bank
Jan 7, 2021
$325,000
Elkin 1 LLC
First Nb Of Pennsylvania
Warranty Deed
—
Aug 28, 2018
—
Wisdom Table LLC
—
Deed
related
$214,000 · Surrey Bank & Trust
Sep 15, 2017
$275,000
Wisdom Table LLC
Carol Key Dobbins
Warranty Deed
$223,700 · Surrey Bank & Trust
Sep 7, 2005
$148,500
Carol Dobbins
Kevin D Lewis
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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