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Property profile & analytics
OFF-MARKET
Estimated value
$255,000
Retail space
139 Benge Dr Elkin, NC 28621-8722
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4883019
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
WOOD
Total area
4,800 SF
Lot
1.84 ac (80,150 SF)
Zoning code
M1
APN
4952-09-15-7762
UPID
US53-4883019
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
-
Adagio Vineyards Brewery & Distillery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$556k
Blend (final)
Blend
$255k
Owner & transaction history
Adagio Vineyards LLC · 1 yrs held
Adagio Vineyards LLC
since 2025
2 recorded transactions
Zoning & alternative use
M1 · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Light Manufacturing district is established for those areas of the community where the principal use of land is light industrial and warehousing uses. These uses may create some nuisances but will cohesively transition to adjacent residential, commercial, and service establishments through buffers and other land use requirements
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
410.33 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$445,000
Current use
COMMERCIAL (GENERAL)
$395,000
Change: -11% · Conversion: Easy
AUTO REPAIR, GARAGE
$365,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$255k
Range $230k – $281k · ±10%
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
$53 / 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
$2,007
Tax year 2024
Assessed value
$296,070
Assessed 2024
Previous assessed
$296,070
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$20,330
Assessed improvement
$275,740
Land market value
$20,330
Improvement market value
$275,740
Total market value
$296,070
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
2008
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
4,800 SF
Lot
1.84 ac (80,150 SF)
Zoning code
M1
APN
4952-09-15-7762
UPID
US53-4883019
Jurisdiction
SURRY
Zoning & alternative use
M1 · Elkin, NCZoning M1 · permitted uses
M1 · Elkin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Light Manufacturing district is established for those areas of the community where the principal use of land is light industrial and warehousing uses. These uses may create some nuisances but will cohesively transition to adjacent residential, commercial, and service establishments through buffers and other land use requirements
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
410.33 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$365,000
RETAIL STORES Current
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
2008
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Adagio Vineyards LLC
Entity
Mailing address
125 VALENCIA LN, WINSTON SALEM, NC 27106-6368
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 30, 2025
$587,500
Adagio Vineyards LLC
Adagio Vineyards LLC
Deed
related
—
Feb 4, 2013
$314,000
Adagio Vineyards LLC
Vision II LLC
Warranty Deed
$314,000 · Branch Banking And Trust Co
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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