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Property profile & analytics
FOR SALE
Warehouses
125 W Robin Rd, Elkin, NC 28621
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-4497341
For Sale
1 / 17
$680,000
125 W Robin Rd, Elkin, NC 28621
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Property summary
AI-generated overview
This exceptional 10,000-square-foot industrial building, located at 125 W Robin Rd, Elkin, NC 28621, is available for lease starting January 1, 2025. The property, situated on 1.156 acres and built in 2009, offers a versatile flex/light industrial space ideal for a variety of businesses. The single-tenant building features a 20-foot ceiling height, providing ample vertical space for storage or operations. Convenient loading and unloading is ensured with one loading dock and one drive-in door. The building is zoned M1 and boasts approximately 3,100 square feet of heated and cooled office space, enhancing functionality and comfort. The warehouse area benefits from gas heating. This well-maintained property enjoys a strategic location near I-77, offering easy access to major transportation routes. The property's APN is 4952-18-31-2475. This is a rare opportunity to secure a high-quality industrial space in a desirable location. Inquire today to learn more about this exceptional leasing opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
STEEL FRAME
Total area
9,920 SF
Lot
1.17 ac (50,965 SF)
Zoning code
M1
APN
4952-18-31-2475
UPID
US53-4497341
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
-
Advantage Industrial Supply Construction Company General Contractor
-
Russell Conveyor and Equipment Factory Industrial Manufacturer
-
Ridge Creek Outfitters (Bike/Boat/Book/etc) Store
-
Piedmont Material Handling Material Handling Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$788k
Blend (final)
Blend
$680k
Owner & transaction history
Fmc Holdings LLC · 2 yrs held
Fmc Holdings LLC
since 2024
Last sale
$680,000
2 recorded transactions
Zoning & alternative use
M1 · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$920,000
+80.5%
Commercial (general)
$820,000
+60.9%
Auto repair, garage
$755,000
+48.4%
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
$680,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$510,000
Current use
RETAIL STORES
$920,000
Change: +81% · Conversion: Moderate
COMMERCIAL (GENERAL)
$820,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$755,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $680k (Apr 30 2024)
Last sale anchor
$680k
Apr 30 2024
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
$69 / 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
$2,323
Tax year 2024
Assessed value
$590,690
Assessed 2024
Previous assessed
$342,600
+72.4% YoY
Effective rate
0.39%
On assessed value
Assessed land
$31,090
Assessed improvement
$559,600
Land market value
$31,090
Improvement market value
$559,600
Total market value
$590,690
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2009
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
9,920 SF
Lot
1.17 ac (50,965 SF)
Zoning code
M1
APN
4952-18-31-2475
UPID
US53-4497341
Jurisdiction
SURRY
Zoning & alternative use
M1 · Elkin, NC
Zoning M1 · permitted uses
M1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$510,000
RETAIL STORES
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$755,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Fmc Holdings LLC
Entity
Mailing address
125 W ROBIN RD, ELKIN, NC 28621-2325
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
—
Fmc Holdings LLC
Russell Partner Holdings LLC
Warranty Deed
$31,344 · First Citizens Bank & Trust Company
Apr 15, 2008
$35,000
Advantage Industrial Services LLC
Heb Enterprises INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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