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    Property profile & analytics

    124 Commerce St Elkin, NC 28621

    • Warehouses
    • 1,600 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-4164685
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 124 Commerce St

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    1,600 SF
    Zone code
    B1
    Property type
    Warehouses
    APN
    4951-18-41-1869
    APU
    495118411869

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elkin
    County
    Surry
    State
    North Carolina
    Longitude
    -80.8507
    Latitude
    36.2416
    CBSA code
    34340
    CBSA name
    MOUNT AIRY, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $69
    $8,500
    $1,690
    $10,190
    -
    $8,500
    $1,690
    $10,190

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

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      WAREHOUSE, STORAGE • 1,400 SF
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    • Value Estimation by Request
      404,100 SF

      4109 Poplar Spgs Rd

      WAREHOUSE, STORAGE • 404,100 SF
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    • Value Estimation
      $1,020,000
      51,388 SF

      1601 Brg St

      WAREHOUSE, STORAGE • 51,388 SF
      1601 Brg St, Elkin, NC 28621-2203
      View Details
    • Value Estimation
      $2,905,000
      9,450 SF

      102 Dons Wl Ln

      MINI-WAREHOUSE, STORAGE • 9,450 SF
      102 Dons Wl Ln, Elkin, NC 28621-8902
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    • Value Estimation
      $250,000
      7,500 SF

      565 Nc Hwy 268th W

      MINI-WAREHOUSE, STORAGE • 7,500 SF
      565 Nc Hwy 268th W, Elkin, NC 28621-2811
      View Details
    • Value Estimation by Request
      3,920 SF

      802 Dobbins Ml Rd

      WAREHOUSE, STORAGE • 3,920 SF
      802 Dobbins Ml Rd, Elkin, NC 28621-8175
      View Details

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    Similar Nearby for Lease

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    124 Commerce St
    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
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