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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Medical Office Space
525 Samaritans Rdg Ct Elkin, NC 28621-2457
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4655329
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
5,032 SF
Lot
0.62 ac (27,007 SF)
Zoning code
MA
APN
4961-01-19-3492
UPID
US53-4655329
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
-
Dallas Johnson Counselor Psychologist
-
Mark Waddell Counselor Practitioner Service Location
-
Mcdowell Edward L Employment Agency
-
LifeLine Pregnancy Help Center Association / Organization
-
Ashley White Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Raptor Rlty Invst 5 LLC · 3 yrs held
Raptor Rlty Invst 5 LLC
since 2022
Last sale
$925,000
2 recorded transactions
Zoning & alternative use
MA · Elkin, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$715,000
+53.6%
Commercial (general)
$605,000
+29.6%
Apartment house (5+ units)
$540,000
+16.2%
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
$850,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$715,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$605,000
Change: +30% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$540,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $925k (Aug 25 2022)
Last sale anchor
$925k
Aug 25 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
$179 / 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
$4,362
Tax year 2024
Assessed value
$682,170
Assessed 2024
Previous assessed
$643,370
+6.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$100,000
Assessed improvement
$582,170
Land market value
$100,000
Improvement market value
$582,170
Total market value
$682,170
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2005
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
5,032 SF
Lot
0.62 ac (27,007 SF)
Zoning code
MA
APN
4961-01-19-3492
UPID
US53-4655329
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
$715,000
COMMERCIAL (GENERAL)
Est. value
$605,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$540,000
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Raptor Rlty Invst 5 LLC
Entity
Mailing address
101 S TRYON ST #31, CHARLOTTE, NC 28280-0002
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
$925,000
Raptor Rlty Invst 5 LLC
Mountain Of Stone LLC
Warranty Deed
—
Feb 28, 2020
—
Mountain Of Stone LLC
—
Deed
related
$2,890,000 · Wells Fargo 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.
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