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Property profile & analytics
OFF-MARKET
Medical Office Space
201 Main St Elkin, NC 28621-3490
Individually Owned
Free & Clear
Property ID
US53-4291914
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,335 SF
Lot
0.46 ac (20,038 SF)
Zoning code
B1
APN
4951-14-32-7539
UPID
US53-4291914
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
-
Shear Creations Hair Salon Hair Salon Nail Salon
-
Dr. Rizwan Ahmed, MD Physician
-
Yadkin Valley Gastroenterology Physician
-
Mr. Joseph Argenta Physician
-
Sarba Kundu Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Verlie Louise Vestal Freeman
Verlie Louise Vestal Freeman
since 2026
4 recorded transactions
Zoning & alternative use
B1 · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$856,140
Assessed 2024
Previous assessed
$764,470
+12.0% YoY
Assessed land
$82,880
Assessed improvement
$773,260
Land market value
$82,880
Improvement market value
$773,260
Total market value
$856,140
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
18,335 SF
Lot
0.46 ac (20,038 SF)
Zoning code
B1
APN
4951-14-32-7539
UPID
US53-4291914
Jurisdiction
SURRY
Zoning & alternative use
B1 · Elkin, NC
Zoning B1 · permitted uses
B1 · Elkin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Verlie Louise Vestal Freeman
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 560, ELKIN, NC 28621-0560
Ownership since
2026
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
Jan 21, 2026
—
Verlie Louise Vestal Freeman
Philip Wayne Vestal
Warranty Deed
—
Aug 15, 2025
—
Yadkin Valley Wellness Foundation
Hugh Chatham Memorial Hospital INC
Warranty Deed
—
Oct 22, 2009
$965,500
Hugh Chatham Memorial Hospital INC
Thomas F Mendolia
Warranty Deed
—
Oct 22, 2009
—
Thomas F Mendolia
Branch Banking & Trust Co
Quit Claim Deed
related
—
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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