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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Medical Office Space
1490 Pantops Mtn Pl, Charlottesville, VA 22911-4601
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0925293
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Total area
7,662 SF
Lot
2.97 ac (129,373 SF)
Zoning code
PLANNED RES. DEV.
APN
07800-00-00-055A0
UPID
US87-0925293
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
-
Monticello Plastic & Reconstructive Surgery Physician Medical Clinic
-
Labcorp Medical Laboratory Blood Testing Service
-
Pantops Family Medicine Medical Clinic
-
DARS - Division of Rehabilitative Services Social Service Agency Charitable Organization
-
Clear Choice STD Testing Std Testing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Pantops Group LLC · 16 yrs held
Pantops Group LLC
since 2010
2 recorded transactions
Zoning & alternative use
PLANNED RES. DEV. · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$960,000
+40.5%
Office building
$825,000
+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
$685,000
Current use
AUTO REPAIR, GARAGE
$960,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$825,000
Change: +21% · Conversion: Easy
COMMERCIAL (GENERAL)
$625,000
Change: -9% · Conversion: Easy
RESTAURANT
$620,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$90 / 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
$4,025,300
Assessed 2024
Previous assessed
$4,016,900
+0.2% YoY
Assessed land
$2,390,800
Assessed improvement
$1,634,500
Land market value
$2,390,800
Improvement market value
$1,634,500
Total market value
$4,025,300
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
1999
Heating
HEAT PUMP
Stories
2
Total area
7,662 SF
Lot
2.97 ac (129,373 SF)
Zoning code
PLANNED RES. DEV.
APN
07800-00-00-055A0
UPID
US87-0925293
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
$685,000
AUTO REPAIR, GARAGE
Est. value
$960,000
OFFICE BUILDING
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$625,000
RESTAURANT
Est. value
$620,000
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
1999
Heating
HEAT PUMP
Stories
2
Lot
2.97 ac
Current owner
From public records · entity-resolved
Pantops Group LLC
Entity
Mailing address
536 PANTOPS CTR #319, CHARLOTTESVILLE, VA 22911-8665
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2010
—
Pantops Group LLC
—
Deed Of Trust
related
$5,413,000 · Coastal FCU
—
—
Medical Ent Grp Assocs LLC
—
Deed Of Trust
related
$3,300,000 · Union Bk&tr
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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