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Property profile & analytics
OFF-MARKET
Estimated value
$10,165,000
Retail space
138 Sloop St Elkin, NC 28621
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4398485
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
720 SF
Lot
13.71 ac (597,208 SF)
Zoning code
HDMF
APN
4952-17-20-3767
UPID
US53-4398485
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
-
Spring Valley Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.17M
Owner & transaction history
Morgado Investments LLC · 3 yrs held
Morgado Investments LLC
since 2022
Last sale
$10.8M
4 recorded transactions
Zoning & alternative use
HDMF · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The High-Density Multi-Family District is established to provide opportunities for higherdensity, multi-family living. This district is intended to keep higher-density uses in their own district to maintain some separation between medium and lower-density residential districts. The HDMF District is generally a good buffer between business districts, medium d…
Zone name
High Density Multifamily
General category
COMMERCIAL
Zone area
89.03 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
$10,165,000
ML approach
$8,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.17M
Range $9.15M – $11.18M · ±10% · vs last sale $10.80M (Nov 4 2022)
Last sale anchor
$10.80M
Nov 4 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
$14,118 / 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
$32,657
Tax year 2024
Assessed value
$3,902,210
Assessed 2024
Previous assessed
$3,902,210
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$137,100
Assessed improvement
$3,765,110
Land market value
$137,100
Improvement market value
$3,765,110
Total market value
$3,902,210
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
20
Stories
1
Total area
720 SF
Lot
13.71 ac (597,208 SF)
Zoning code
HDMF
APN
4952-17-20-3767
UPID
US53-4398485
Jurisdiction
SURRY
Zoning & alternative use
HDMF · Elkin, NCZoning HDMF · permitted uses
HDMF · Elkin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The High-Density Multi-Family District is established to provide opportunities for higherdensity, multi-family living. This district is intended to keep higher-density uses in their own district to maintain some separation between medium and lower-density residential districts. The HDMF District is generally a good buffer between business districts, medium density, and lower density residential districts. Residential density can exceed five units per acre but no more than ten units per acre
Zone name
High Density Multifamily
General category
COMMERCIAL
Zone area
89.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
20
Lot
13.71 ac
Current owner
From public records · entity-resolved
Morgado Investments LLC
Entity
Mailing address
3325 HEALY DR STE C, WINSTON SALEM, NC 27103-1417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
$10,800,000
Morgado Investments LLC
Most Investments 5 LLC
Warranty Deed
$7,100,000 · Wells Fargo Bank NA
Nov 12, 2021
—
Most Investments 5 LLC
—
Deed
related
$5,625,000 · Surrey Bank & Trust
May 21, 2020
$928,500
Walter Group LLC
Denali Enterprises LLC
Warranty Deed
—
May 21, 2020
$1,350,000
Most Investments 5 LLC
Waller Group LLC
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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