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    Property profile & analytics

    125 W Robin Rd Elkin, NC 28621

    • Warehouses
    • 9,920 SF
    • 1.17 lot acres
    For Sale
    View listing
    Last Sale
    Apr 30, 2024
    $680,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4497341
    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

    • 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

    Property Details for 125 W Robin Rd

    Year built
    2009
    Construction
    STEEL FRAME
    Lot size
    1.17 lot acres
    Property size
    9,920 SF
    Zone code
    M1
    Property type
    Warehouses
    APN
    4952-18-31-2475
    APU
    495218312475

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $788,000
      Market price range: $291k - $788k
      AI Estimate
      $807,000
      Market price range: $179k - $1.06M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elkin
    County
    Surry
    State
    North Carolina
    Longitude
    -80.8546
    Latitude
    36.2677
    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
    $2,323
    $31,090
    $559,600
    $590,690
    -
    $31,090
    $559,600
    $590,690

    Comparable in this City

    • 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
    • Value Estimation by Request
      6,774 SF

      151 Fabric Ln

      WAREHOUSE, STORAGE • 6,774 SF
      151 Fabric Ln, Elkin, NC 28621-2475
      View Details
    • Value Estimation
      $765,000
      45,324 SF

      541 Gentry Rd

      WAREHOUSE, STORAGE • 45,324 SF
      541 Gentry Rd, Elkin, NC 28621
      View Details
    • Value Estimation by Request
      12,180 SF

      327 Standard St

      WAREHOUSE, STORAGE • 12,180 SF
      327 Standard St, Elkin, NC 28621-3533
      View Details
    • Value Estimation by Request
      1,400 SF

      667 Brg St

      WAREHOUSE, STORAGE • 1,400 SF
      667 Brg St, Elkin, NC 28621-3004
      View Details
    • Value Estimation by Request
      1,600 SF

      124 Commerce St

      WAREHOUSE, STORAGE • 1,600 SF
      124 Commerce St, Elkin, NC 28621
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Elkin Flex/Industrial Building For Sale

      10,000 SF flex/industrial building in Elkin, available January 2025.
      125 W Robin Rd, Elkin, NC 28621
      View Details
    • $450,000
      2.00 Acres

      High-Visibility Elkin Commercial Lot

      Two-acre corner lot, high traffic area.
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      View Details
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      Land in Elkin, North Carolina

      2.04-acre tract near downtown Elkin, ideal for building.
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    • $2,350,000

      Winery, Vineyard, Restaurant, and Residence

      38.1 acre winery with restaurant, residence, and event space.
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      Versatile Land Parcel with Mountain Views

      8-acre unrestricted land perfect for farming, building, or recreation.
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      7.90 Acres

      7.9 Acres on Yadkin River

      7.9 acres of land with extensive Yadkin River frontage.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Elkin, NC

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      Updated medical building near hospital and downtown Elkin.
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      View Details
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    Elkin, NC 28621
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    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
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