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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Medical Office Space
1460 Pantops Mtn Pl Ste 100, Charlottesville, VA 22911-4671
Entity Owned
8-yr Hold
Free & Clear
Property ID
US87-0852171
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Total area
9,289 SF
Lot
1.6 ac (69,609 SF)
Zoning code
PLANNED RES. DEV.
APN
07800-00-00-055A8
UPID
US87-0852171
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
Pantops Building 3 LLC · 8 yrs held
Pantops Building 3 LLC
since 2018
5 recorded transactions
Zoning & alternative use
PLANNED RES. DEV. · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+40.5%
Office building
$1.0M
+20.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$830,000
Current use
AUTO REPAIR, GARAGE
$1,165,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$1,000,000
Change: +21% · Conversion: Easy
COMMERCIAL (GENERAL)
$755,000
Change: -9% · Conversion: Easy
RESTAURANT
$750,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$100 / 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
$35,639
Tax year 2024
Assessed value
$4,173,200
Assessed 2024
Previous assessed
$3,871,200
+7.8% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,165,500
Assessed improvement
$3,007,700
Land market value
$1,165,500
Improvement market value
$3,007,700
Total market value
$4,173,200
Applied tax rate
3.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Heating
HEAT PUMP
Stories
1
Total area
9,289 SF
Lot
1.6 ac (69,609 SF)
Zoning code
PLANNED RES. DEV.
APN
07800-00-00-055A8
UPID
US87-0852171
Jurisdiction
ALBEMARLE
Zoning & alternative use
PLANNED RES. DEV. · Charlottesville, VA
Zoning PLANNED RES. DEV. · permitted uses
PLANNED RES. DEV. · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$755,000
RESTAURANT
Est. value
$750,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2010
Heating
HEAT PUMP
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Pantops Building 3 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 521, CHARLOTTESVILLE, VA 22902-0521
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2018
—
Pantops Building 3 LLC
Market Place Of Virginia Lc
Grant Deed
related
—
Mar 6, 2015
$260,000
Corven D Flynn
Market Place Of Virginia Lc
Grant Deed
—
May 5, 2010
—
Market Place Of Virginia Lc
—
Grant Deed
related
$1,926,960 · University Of Va Community Cu
Mar 27, 2009
—
Market Place Of Virginia Lc
—
Grant Deed
related
$2,650,000 · University Of Va Community Cu
—
—
Pantops Building LLC
—
Loan Modification
related
$2,650,000 · University/va Cmnty Cu
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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