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Property profile & analytics
OFF-MARKET
Estimated value
$12,020,000
Assisted living facilities
1150 Nwnw Dr Charlottesville, VA 22901-2309
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-1335924
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1980
Total area
15,284 SF
Lot
4.64 ac (202,293 SF)
Zoning code
C1 COMMERCIAL
APN
061W0-03-00-02600
UPID
US87-1335924
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.02M
Owner & transaction history
Monroe Real Estate Group LLC · 5 yrs held
Monroe Real Estate Group LLC
since 2021
Last sale
$11.8M
4 recorded transactions
Zoning & alternative use
C1 COMMERCIAL · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Charlottesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlottesville 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
$12,455,000
ML approach
$9,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.02M
Range $10.82M – $13.22M · ±10% · vs last sale $11.80M (Mar 1 2021)
Last sale anchor
$11.80M
Mar 1 2021
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
$786 / 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
$74,384
Tax year 2024
Assessed value
$8,710,100
Assessed 2024
Previous assessed
$8,453,400
+3.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,359,500
Assessed improvement
$6,350,600
Land market value
$2,359,500
Improvement market value
$6,350,600
Total market value
$8,710,100
Applied tax rate
2.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Buildings
2
Stories
3
Total area
15,284 SF
Lot
4.64 ac (202,293 SF)
Zoning code
C1 COMMERCIAL
APN
061W0-03-00-02600
UPID
US87-1335924
Jurisdiction
ALBEMARLE
Zoning & alternative use
C1 COMMERCIAL · Charlottesville, VA
Zoning C1 COMMERCIAL · permitted uses
C1 COMMERCIAL · Charlottesville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlottesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Stories
3
Buildings
2
Lot
4.64 ac
Current owner
From public records · entity-resolved
Monroe Real Estate Group LLC
Entity
Mailing address
23700 COMMERCE PARK, BEACHWOOD, OH 44122-5827
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
$11,800,000
Monroe Real Estate Group LLC
Ohi Asset Va Charlottesville LLC
Deed
$47,000,000 · Cibc Bank USA
Dec 11, 2013
$21,135
Ohi Asset Va Charlottesville
Charlotesville Re LLC
Warranty Deed
related
—
Mar 29, 2012
—
Charlottesville Re LLC
—
Deed Of Trust
related
$180,000,000 · Privatebank & Trust
Aug 15, 2008
—
Charlottesville Re LLC
—
Deed Of Trust
related
$190,500,000 · Ge Business Financial Svcs INC
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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