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112 Church St 13,380 SF Office Building Elkin, NC 28621 $1,200,000 ($89.69/SF) 8% Cap Rate
EXECUTIVE SUMMARY
One of two exceptional opportunities to acquire a stabilized commercial property in Downtown Elkin. This historic building underwent a complete renovation in 2011 and provides immediate and reliable cash flow with a cap rate exceeding 8% and lease in place through 9/2030. Listing includes .23 acre parking lot off Market Street. Listing agent is employee of Seller. Small signage area on front of building is clad with EIFS.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
13,380 SF
Building Class
B
Year Built
1945
Price
$1,200,000
Price Per SF
$89.69
Cap Rate
8%
NOI
$96,000
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,000 SF
Building FAR
0.07
Lot Size
4.25 AC
Zoning
DMX - Mixed Use
1 1
PROPERTY TAXES
| Parcel Number | 4951-14-32-8828 | Total Assessment | $689,690 (2025) |
| Land Assessment | $28,130 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $661,560 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4951-14-32-8828
Land Assessment
$28,130 (2025)
Improvements Assessment
$661,560 (2025)
Total Assessment
$689,690 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
The Bonanza Group
112 Church St
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