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    Property profile & analytics

    1658 State Farm Blvd, Unit 101 Charlottesville, VA 22911-8609

    • Medical offices
    • 16,778 SF
    • 2.12 lot acres
    OFF-MARKET
    Value Estimation
    $6,005,000
    Last Sale
    Dec 15, 2022
    $5,800,000
    Location Intelligence
    Property ID
    US87-1113850
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Atlantic Union Bank / Bank
    • Thomas Hancher & Company / Certified Public Accountant
    • Advanced Hearing Center / Medical Clinic / Audiologist
    • Atlantic Union Bank Home Loans / Bank

    Property Details for 1658 State Farm Blvd

    Year built
    1996
    Lot size
    2.12 lot acres
    Property size
    16,778 SF
    Zone code
    PDMC
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    07800-00-00-07200
    APU
    7800000007200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,970,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,375,000
      6.5%
      $5,520,000
      7%
      $5,580,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,175,000
      Geo Method
      $7,235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,360,000
      Retail
      $5,770,000
      Mixed-Use
      $6,060,000
      Hospitality
      $5,895,000
      Educational
      $5,565,000
      Residential Income
      $5,160,000
      Energy
      $6,435,000
      Income-Based Land
      $5,100,000
      Food Service
      $4,980,000

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4418
    Latitude
    38.0285
    CBSA code
    16820
    CBSA name
    CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $2,380,000
    $3,587,700
    $5,967,700
    -
    $2,380,000
    $3,587,700
    $5,967,700

    Comparable in this City

    • Value Estimation by Request
      73,068 SF

      595 Martha Jefferson Dr

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      595 Martha Jefferson Dr, Charlottesville, VA 22911-4669
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    • Value Estimation by Request
      44,116 SF

      3263 Proffit Rd

      MEDICAL BUILDING • 44,116 SF
      3263 Proffit Rd, Charlottesville, VA 22911-5639
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    • Value Estimation by Request
      7,766 SF

      183 Spotnap Rd

      MEDICAL BUILDING • 7,766 SF
      183 Spotnap Rd, Charlottesville, VA 22911-8812
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    • Value Estimation by Request
      9,289 SF

      1460 Pantops Mtn Pl Ste, Unit 100

      MEDICAL BUILDING • 9,289 SF
      1460 Pantops Mtn Pl Ste, Charlottesville, VA 22911-4671
      View Details
    • Value Estimation by Request
      12,474 SF

      2011 Landon Ln

      MEDICAL BUILDING • 12,474 SF
      2011 Landon Ln, Charlottesville, VA 22911
      View Details
    • Value Estimation by Request
      5,032 SF

      153 Riverbend Dr

      MEDICAL BUILDING • 5,032 SF
      153 Riverbend Dr, Charlottesville, VA 22911-8607
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Charlottesville Office Space for Lease

      Versatile Office Suites in Prime Location
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    • $26 SF/Yr
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      Prime Pantops Office Space

      5,850 SF Class A Office Available
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      Charlottesville Office Space for Lease

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    • Contact for pricing
      3,339 SF

      Prime Charlottesville Office Space

      Single-story office building, 3,339 sqft, high visibility.
      1652 State Farm Blvd, Charlottesville, VA 22911
      View Details
    • $20 SF/Yr
      50,000 SF

      Prime Pantops Park Retail Space

      Class A Retail, Land Lease/BTS Available
      400 People Pl, Charlottesville, VA 22911
      View Details
    • $29 SF/Yr
      2,180 SF

      Turnkey Medical Office Space Available

      Class A medical office with operating room for immediate occupancy.
      630 Peter Jefferson Pkwy, Charlottesville, VA 22911
      View Details
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    Charlottesville, VA 22911-8609
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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