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Property profile & analytics
OFF-MARKET
Estimated value
$210,000
Retail space
302 Main St Elkin, NC 28621-3514
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4443926
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
WOOD
Total area
1,804 SF
Lot
0.22 ac (9,496 SF)
Zoning code
DMX
APN
4951-15-53-2085
UPID
US53-4443926
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
-
Black Bear Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$205k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$210k
Owner & transaction history
Kevin Graham Ray · 3 yrs held
Kevin Graham Ray
since 2023
Last sale
$190,000
2 recorded transactions
Zoning & alternative use
DMX · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Downtown Mixed-Use district is established to provide for a mixture of commercial, residential, and civic/institutional uses in the Towns downtown and waterfront core. The development emphasizes walkable, pedestrian-scaled, buildings with residential uses primarily being supplied above and behind commercial storefronts or offices while preserving the his…
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
121.58 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
$210,000
ML approach
$205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$210k
Range $189k – $231k · ±10% · vs last sale $190k (Jun 30 2023)
Last sale anchor
$190k
Jun 30 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
$116 / 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
$1,128
Tax year 2024
Assessed value
$166,420
Assessed 2024
Previous assessed
$134,510
+23.7% YoY
Effective rate
0.68%
On assessed value
Assessed land
$23,200
Assessed improvement
$143,220
Land market value
$23,200
Improvement market value
$143,220
Total market value
$166,420
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
1920
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
1,804 SF
Lot
0.22 ac (9,496 SF)
Zoning code
DMX
APN
4951-15-53-2085
UPID
US53-4443926
Jurisdiction
SURRY
Zoning & alternative use
DMX · Elkin, NCZoning DMX · permitted uses
DMX · Elkin, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Downtown Mixed-Use district is established to provide for a mixture of commercial, residential, and civic/institutional uses in the Towns downtown and waterfront core. The development emphasizes walkable, pedestrian-scaled, buildings with residential uses primarily being supplied above and behind commercial storefronts or offices while preserving the historic character. Two-family dwelling units and/or townhouse uses are permitted up to six units per acre
Zone name
Downtown Mixed Use
General category
MIXED_USE
Zone area
121.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Kevin Graham Ray
Individual
Mailing address
503 W MAIN ST, ELKIN, NC 28621-3317
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
Jun 30, 2023
—
Kevin Graham Ray
James L Gardi JR
Warranty Deed
$161,500 · First Community Bank
Apr 3, 2019
$140,000
Jimmy Gardi
Phillip Lyles
Warranty Deed
$127,500 · Phillip Lyles
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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