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    Property profile & analytics

    Elk Riv Rd Elk Park, NC 28622

    • Commercial real estate
    • 252 SF
    • 24.73 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Last Sale
    Jul 27, 2021
    $240,000
    Location Intelligence
    Property ID
    US53-3804248
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for Elk Riv Rd

    Year built
    2010
    Construction
    STONE
    Lot size
    24.73 lot acres
    Property size
    252 SF
    Property type
    Commercial real estate
    APN
    18290068005500000
    APU
    18290068005500000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $290,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $260,000
      Mixed-Use
      $290,000
      Hospitality
      $235,000
      Educational
      $240,000
      Residential Income
      $260,000
      Energy
      $295,000
      Income-Based Land
      $265,000
      Food Service
      $225,000

    Location Insight

    • Map
    • Local Demand
    City
    Elk Park
    County
    Avery
    State
    North Carolina
    Longitude
    -81.9615
    Latitude
    36.1818

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $866
    $197,800
    $18,600
    $216,400
    -
    $197,800
    $18,600
    $216,400

    Comparable in this City

    • Value Estimation by Request
      0.52 Acres

      Elk Park, NC 28622

      COMMERCIAL (GENERAL) • 0.52 Acres
      Elk Park, NC 28622
      View Details
    • Value Estimation by Request
      4,212 SF

      123 Main St

      COMMERCIAL (GENERAL) • 4,212 SF
      123 Main St, Elk Park, NC 28622
      View Details
    • Value Estimation by Request
      0.82 Acres

      Nn Us 19th Hwy Hwy

      COMMERCIAL (GENERAL) • 0.82 Acres
      Nn Us 19th Hwy Hwy, Elk Park, NC 28622
      View Details
    • Value Estimation
      $270,000
      3,484 SF

      1965 Old Beech Mtn Rd

      COMMERCIAL (GENERAL) • 3,484 SF
      1965 Old Beech Mtn Rd, Elk Park, NC 28622-9252
      View Details
    • Value Estimation
      $370,000
      5.68 Acres

      5210 Elk Park Hwy

      COMMERCIAL (GENERAL) • 5.68 Acres
      5210 Elk Park Hwy, Elk Park, NC 28622-9184
      View Details
    • Value Estimation by Request
      0.42 Acres

      Nn Us 19th Hwy Hwy

      COMMERCIAL (GENERAL) • 0.42 Acres
      Nn Us 19th Hwy Hwy, Elk Park, NC 28622
      View Details

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    Elk Riv Rd
    Elk Park, NC 28622
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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