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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office buildings
1622 Timberwood Blvd Charlottesville, VA 22911-7573
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1942847
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
4,071 SF
Lot
0.98 ac (42,776 SF)
Zoning code
PDSC
APN
03200-00-00-041D1
UPID
US87-1942847
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
-
Red Rose Asian Massage Alternative Medicine Practice Spa & Massage Center
-
Edward Jones - Financial Advisor: Donald Giannangeli, CFP®|AAMS™ Financial Advisor
-
MELISSA SUE BLOOMER Physician
-
Catherine Miller Physician
-
Darcy Higgins Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$830k
Owner & transaction history
Timberwood Commons Lc · 10 yrs held
Timberwood Commons Lc
since 2015
6 recorded transactions
Zoning & alternative use
PDSC · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Development Code PDF
Top alternative use upside
Retail stores
$1.1M
+0.8%
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
OFFICE BUILDING
$1,065,000
Current use
RETAIL STORES
$1,075,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$204 / 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
$25,248
Tax year 2024
Assessed value
$2,956,400
Assessed 2024
Previous assessed
$2,779,700
+6.4% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,283,300
Assessed improvement
$1,673,100
Land market value
$1,283,300
Improvement market value
$1,673,100
Total market value
$2,956,400
Applied tax rate
1.0000
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
2017
Heating
NONE
Buildings
2
Stories
1
Total area
4,071 SF
Lot
0.98 ac (42,776 SF)
Zoning code
PDSC
APN
03200-00-00-041D1
UPID
US87-1942847
Jurisdiction
ALBEMARLE
Zoning & alternative use
PDSC · Charlottesville, VAZoning PDSC · permitted uses
PDSC · Charlottesville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code PDF
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
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
2017
Heating
NONE
Stories
1
Buildings
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Timberwood Commons Lc
Individual
Mailing address
818 E JEFFERSON ST STE #103, CHARLOTTESVILLE, VA 22902-5132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2020
—
Timberwood Commons LLC
—
Deed
related
$3,740,705 · Atlantic Union Bk
Feb 29, 2016
—
Timberwood Commons Lc
—
Trustees Deed
related
$184,000 · Pequa LLC
Dec 4, 2015
$950,000
Timberwood Commons Lc
Pequa LLC
Grant Deed
$2,960,000 · Essex Bk
Dec 1, 2010
—
Pequa LLC
Valente,anthony D & Mary K
Grant Deed
related
—
—
—
Tiki LLC
—
Deed Of Trust
related
$850,000 · University Of Va Community Cu
—
—
Timberwood Commons LLC
—
Deed Of Trust
related
$3,740,705 · Atlantic Union Bk
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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