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Property profile & analytics
OFF-MARKET
Estimated value
$210,000
Retail space
112 Main St Elkin, NC 28621-3429
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-4448887
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,500 SF
Lot
0.1 ac (4,443 SF)
Zoning code
DMX
APN
4951-14-42-3764
UPID
US53-4448887
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
-
Creamy Dayz at River & Trails Emporium Grocery & Convenience Store Specialty Food Shop
-
River & Trails Emporium (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$225k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$210k
Owner & transaction history
Philip Wayne Vestal
Philip Wayne Vestal
since 2026
Last sale
$225,000
3 recorded transactions
Zoning & alternative use
DMX · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Downtown Mixed-Use district is established to provide for a mixture of commercial, residential, and civic/institutional uses in the Towns downtown and waterfront core. The development emphasizes walkable, pedestrian-scaled, buildings with residential uses primarily being supplied above and behind commercial storefronts or offices while preserving the his…
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
121.58 ac
Source
Realmo
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
$210,000
ML approach
$225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$210k
Range $189k – $231k · ±10% · vs last sale $225k (Dec 16 2022)
Last sale anchor
$225k
Dec 16 2022
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
$47 / 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
$951
Tax year 2024
Assessed value
$140,330
Assessed 2024
Previous assessed
$107,990
+29.9% YoY
Effective rate
0.68%
On assessed value
Assessed land
$18,180
Assessed improvement
$122,150
Land market value
$18,180
Improvement market value
$122,150
Total market value
$140,330
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
4,500 SF
Lot
0.1 ac (4,443 SF)
Zoning code
DMX
APN
4951-14-42-3764
UPID
US53-4448887
Jurisdiction
SURRY
Zoning & alternative use
DMX · Elkin, NCZoning DMX · permitted uses
DMX · Elkin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Downtown Mixed-Use district is established to provide for a mixture of commercial, residential, and civic/institutional uses in the Towns downtown and waterfront core. The development emphasizes walkable, pedestrian-scaled, buildings with residential uses primarily being supplied above and behind commercial storefronts or offices while preserving the historic character. Two-family dwelling units and/or townhouse uses are permitted up to six units per acre
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
121.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Philip Wayne Vestal
Individual
Free & Clear · 0 yrs held
Mailing address
425 W MAIN ST, ELKIN, NC 28621-3315
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
—
Philip Wayne Vestal
Verlie Louise Vestal Freeman
Warranty Deed
—
Dec 16, 2022
$225,000
Gina Haynesbuschanan
Philip W Vestal
Warranty Deed
—
Nov 21, 2014
—
Philip Wayne Vestal
Verlie Louise Vestal Freeman
Intrafamily Transfer
related
—
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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