Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Medical Office Space
505 Samaritans Rdg Ct Elkin, NC 28621-2457
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4294688
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
WOOD
Total area
14,580 SF
Lot
1.41 ac (61,420 SF)
Zoning code
MA
APN
4961-01-19-2350
UPID
US53-4294688
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
-
Westwood Medical of Elkin Medical Clinic
-
Dr. Susan J. Hines, MD Physician
-
Leann Massie Physician
-
Sherry Hinson Physician
-
Matthew Slawter Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Raptor Rlty Invst LLC · 4 yrs held
Raptor Rlty Invst LLC
since 2022
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
MA · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+53.6%
Commercial (general)
$1.7M
+29.6%
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
$2,520,000
ML approach
$2,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,070,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,745,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10% · vs last sale $2.75M (May 4 2022)
Last sale anchor
$2.75M
May 4 2022
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
$180 / 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
$11,270
Tax year 2024
Assessed value
$1,662,250
Assessed 2024
Previous assessed
$1,662,250
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$137,500
Assessed improvement
$1,524,750
Land market value
$137,500
Improvement market value
$1,524,750
Total market value
$1,662,250
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
2002
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
14,580 SF
Lot
1.41 ac (61,420 SF)
Zoning code
MA
APN
4961-01-19-2350
UPID
US53-4294688
Jurisdiction
SURRY
Zoning & alternative use
MA · Elkin, NC
Zoning MA · permitted uses
MA · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
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
2002
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Raptor Rlty Invst LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9805 SANDY ROCK PLC555, CHARLOTTE, NC 28277-7730
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
—
Raptor Rlty Invst 1 LLC
—
Deed
related
$1,100,000 · Us Bank NA
May 4, 2022
$2,750,000
Raptor Rlty Invst LLC
505 Samaritans Ridge LLC
Warranty Deed
—
Mar 27, 2020
$1,500,000
505 Samaritans Ridge LLC
Crown Elkin Medical LLC
Warranty Deed
$1,200,000 · Surrey Bank & Trust
Oct 24, 2018
—
Crown Elkin Medical LLC
—
Deed
related
$3,500,000 · First Bank & Trust Co
Apr 26, 2006
$532,500
Crown Elkin Medical LLC
First Citizens Bank & Trust Company
Special Warranty Deed
$875,000 · First Tennessee Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Samaritans Rdg Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
