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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
1186 Crozet Ave Crozet, VA 22932-3130
Individually Owned
6-yr Hold
Free & Clear
Property ID
US87-1356556
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Total area
3,548 SF
Lot
0.27 ac (11,761 SF)
Zoning code
DOWNTOWN CROZET DISTRICT
APN
056A1-01-00-05400
UPID
US87-1356556
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
-
Breviloquent Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Crozet Barbershop Barber Shop
-
Jamie Addington - Journey Real Estate Services Real Estate Agency
-
RE/MAX Realty Specialists Crozet Real Estate Agency
-
Tax Preparation & Financials Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$655k
Owner & transaction history
Western Albemarle Rescue Squad · 6 yrs held
Western Albemarle Rescue Squad
since 2020
Last sale
$650,000
3 recorded transactions
Zoning & alternative use
DOWNTOWN CROZET DISTRICT · Crozet, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$940,000
+1.4%
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 Crozet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crozet 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
$640,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$925,000
Current use
RETAIL STORES
$940,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $650k (Jul 2 2020)
Last sale anchor
$650k
Jul 2 2020
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
$185 / 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
Assessed value
$481,700
Assessed 2024
Previous assessed
$471,100
+2.3% YoY
Assessed land
$167,000
Assessed improvement
$314,700
Land market value
$167,000
Improvement market value
$314,700
Total market value
$481,700
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Heating
HEAT PUMP
Stories
2
Total area
3,548 SF
Lot
0.27 ac (11,761 SF)
Zoning code
DOWNTOWN CROZET DISTRICT
APN
056A1-01-00-05400
UPID
US87-1356556
Jurisdiction
ALBEMARLE
Zoning & alternative use
DOWNTOWN CROZET DISTRICT · Crozet, VAZoning DOWNTOWN CROZET DISTRICT · permitted uses
DOWNTOWN CROZET DISTRICT · Crozet, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$925,000
RETAIL STORES
Est. value
$940,000
OFFICE BUILDING Current
RETAIL STORES
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
1925
Heating
HEAT PUMP
Stories
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Western Albemarle Rescue Squad
Individual
Free & Clear · 6 yrs held
Mailing address
255 FARMINGTON DR, CHARLOTTESVILLE, VA 22901-5012
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2020
$1,400,000
Western Albemarle Rescue Squad
Blue Goose LLC
Warranty Deed
—
Jul 2, 2020
$650,000
Crozet Investments LLC
Western Albemarle Rescue Squad
Warranty Deed
$600,000 · Western Albemarle Rescue Squad
—
—
Blue Goose Lc
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
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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