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Property profile & analytics
OFF-MARKET
Estimated value
$80,000
Retail space
151 Garland Ln Elkin, NC 28621-8314
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4392794
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,680 SF
Lot
0.92 ac (40,075 SF)
Zoning code
LDR
APN
4962-00-46-8521
UPID
US53-4392794
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
-
Surry Sheet Metal HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$110k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$80k
Owner & transaction history
S&v Properties LLC · 4 yrs held
S&v Properties LLC
since 2021
Last sale
$75,000
1 recorded transaction
Zoning & alternative use
LDR · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Low-Density Residential district is established as a district in which the principal use of the land is for single-family residential, two-family dwelling units, and townhomes. It is intended to provide and protect low-density residential areas for those desiring that type of environment. Residential density may not exceed two units per acre unless provi…
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
3,611.45 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
$80,000
ML approach
$110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$80k
Range $72k – $88k · ±10% · vs last sale $75k (Dec 17 2021)
Last sale anchor
$75k
Dec 17 2021
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
$48 / 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
$529
Tax year 2024
Assessed value
$67,470
Assessed 2024
Previous assessed
$67,470
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$14,300
Assessed improvement
$53,170
Land market value
$14,300
Improvement market value
$53,170
Total market value
$67,470
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
1,680 SF
Lot
0.92 ac (40,075 SF)
Zoning code
LDR
APN
4962-00-46-8521
UPID
US53-4392794
Jurisdiction
SURRY
Zoning & alternative use
LDR · Elkin, NCZoning LDR · permitted uses
LDR · Elkin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Low-Density Residential district is established as a district in which the principal use of the land is for single-family residential, two-family dwelling units, and townhomes. It is intended to provide and protect low-density residential areas for those desiring that type of environment. Residential density may not exceed two units per acre unless provided as townhomes meeting the dimensional requirements of Chapter 3, in which case residential density may not exceed four units per acre
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
3,611.45 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
S&v Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
113 PERIWINKLE LN, STATE ROAD, NC 28676-8967
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$75,000
S&v Properties LLC
Melissa S Coe
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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