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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Assisted living facilities
1220 Crozet Ave Crozet, VA 22932-3163
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-0996862
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1980
Total area
44,604 SF
Lot
0.83 ac (36,155 SF)
Zoning code
DOWNTOWN CROZET DISTRICT
APN
056A1-01-00-06300
UPID
US87-0996862
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
-
Melinda Conklin Physician
-
Mark Hopp Physician
-
English Meadows Crozet Campus Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Crozet Prop Holding Co LLC · 7 yrs held
Crozet Prop Holding Co LLC
since 2019
4 recorded transactions
Zoning & alternative use
DOWNTOWN CROZET DISTRICT · Crozet, 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 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
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
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
$13 / 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
$25,850
Tax year 2024
Assessed value
$3,026,900
Assessed 2024
Previous assessed
$2,776,200
+9.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$470,000
Assessed improvement
$2,556,900
Land market value
$470,000
Improvement market value
$2,556,900
Total market value
$3,026,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1980
Heating
NONE
Buildings
2
Stories
6
Total area
44,604 SF
Lot
0.83 ac (36,155 SF)
Zoning code
DOWNTOWN CROZET DISTRICT
APN
056A1-01-00-06300
UPID
US87-0996862
Jurisdiction
ALBEMARLE
Zoning & alternative use
DOWNTOWN CROZET DISTRICT · Crozet, VA
Zoning 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
Crozet. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
6
Buildings
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Crozet Prop Holding Co LLC
Entity
Mailing address
PO BOX 209, CHRISTIANSBURG, VA 24068-0209
Ownership since
2019
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
Apr 23, 2025
—
Crozet Properties Holding Company L
—
Deed
related
$5,650,000 · Old Second National Bank
May 21, 2020
—
Crozet Prop Holding Co LLC
—
Deed
related
$2,000,000 · Keybank USA
Jun 5, 2019
$2,538,500
Crozet Prop Holding Co LLC
Crozet Partners LLC
Warranty Deed
related
—
—
—
Crozet Prop Holding Co LLC
—
Deed Of Trust
related
$2,000,000 · Keybank USA
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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