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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Retail space
1800 Brg St Elkin, NC 28621-2104
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4343307
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
STEEL FRAME
Total area
8,824 SF
Lot
5.96 ac (259,618 SF)
Zoning code
HB
APN
4952-10-45-0920
UPID
US53-4343307
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.21M
Owner & transaction history
Crosby Cre LLC · 2 yrs held
Crosby Cre LLC
since 2023
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
HB · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Highway Business district is established along major thoroughfares and collector streets. It is intended to provide for offices, personal services, and the retailing of durable and convenient goods for the community. As these commercial uses are subject to public view and are important to the economy of the area, the regulations ensure ample parking, con…
Zone name
Highway Business
General category
COMMERCIAL
Zone area
909.14 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.5M
+87.8%
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
$1,210,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$815,000
Current use
RESTAURANT
$1,535,000
Change: +88% · Conversion: Easy
COMMERCIAL (GENERAL)
$730,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.10M (Nov 15 2023)
Last sale anchor
$1.10M
Nov 15 2023
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
$137 / 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
$9,318
Tax year 2024
Assessed value
$1,374,300
Assessed 2024
Previous assessed
$781,600
+75.8% YoY
Effective rate
0.68%
On assessed value
Assessed land
$350,480
Assessed improvement
$1,023,820
Land market value
$350,480
Improvement market value
$1,023,820
Total market value
$1,374,300
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
2005
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
8,824 SF
Lot
5.96 ac (259,618 SF)
Zoning code
HB
APN
4952-10-45-0920
UPID
US53-4343307
Jurisdiction
SURRY
Zoning & alternative use
HB · Elkin, NCZoning HB · permitted uses
HB · Elkin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Highway Business district is established along major thoroughfares and collector streets. It is intended to provide for offices, personal services, and the retailing of durable and convenient goods for the community. As these commercial uses are subject to public view and are important to the economy of the area, the regulations ensure ample parking, controlled traffic movement, and suitable landscaping
Zone name
Highway Business
General category
COMMERCIAL
Zone area
909.14 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$815,000
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$730,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2005
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Lot
5.96 ac
Current owner
From public records · entity-resolved
Crosby Cre LLC
Entity
Free & Clear · 2 yrs held
Mailing address
301 CEDAR CRK DR, STATE ROAD, NC 28676-9288
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Nov 15, 2023
—
Crosby Cre LLC
Hh Pak LLC
Special Warranty Deed
—
Mar 9, 2005
—
Hh Park LLC
Barbara H Hunter
Special 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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