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Property profile & analytics
OFF-MARKET
Estimated value
$9,390,000
Strip malls
1752 Timberwood Blvd Charlottesville, VA 22911-7593
Entity Owned
~
Est. High Equity
Property ID
US87-1109342
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Total area
45,683 SF
Lot
6.19 ac (269,767 SF)
Zoning code
PLANNED DEV. SHP. CNTR.
APN
046B4-00-00-00200
UPID
US87-1109342
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
-
Kenneth Rasmussen, DMD, PC Dental Office
-
Charlottesville Dental Medicine at Forest Lakes Dental Office
-
Rivanna Dental Care Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.39M
Owner & transaction history
Cf Smith Charlottesville LLC
Cf Smith Charlottesville LLC
since 2026
Last sale
$9.3M
6 recorded transactions
Zoning & alternative use
PLANNED DEV. SHP. CNTR. · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Development Code PDF
Top alternative use upside
Auto repair, garage
$5.7M
+363.8%
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
$9,575,000
ML approach
$8,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,725,000
Change: +364% · Conversion: Difficult
Blend value · Realmo final
$9.39M
Range $8.45M – $10.33M · ±10% · vs last sale $9.30M (Jun 17 2022)
Last sale anchor
$9.30M
Jun 17 2022
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
$206 / 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
$48,715
Tax year 2024
Assessed value
$5,704,300
Assessed 2024
Previous assessed
$5,166,900
+10.4% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,399,100
Assessed improvement
$2,305,200
Land market value
$3,399,100
Improvement market value
$2,305,200
Total market value
$5,704,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
45,683 SF
Lot
6.19 ac (269,767 SF)
Zoning code
PLANNED DEV. SHP. CNTR.
APN
046B4-00-00-00200
UPID
US87-1109342
Jurisdiction
ALBEMARLE
Zoning & alternative use
PLANNED DEV. SHP. CNTR. · Charlottesville, VAZoning PLANNED DEV. SHP. CNTR. · permitted uses
PLANNED DEV. SHP. CNTR. · 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
AUTO REPAIR, GARAGE
Est. value
$5.7M
AUTO REPAIR, GARAGE
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
1990
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
6.19 ac
Current owner
From public records · entity-resolved
Cf Smith Charlottesville LLC
Entity
Mailing address
PO BOX 17710, RICHMOND, VA 23226-7710
Ownership since
2026
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
Feb 26, 2026
$11,550,000
Cf Smith Charlottesville LLC
Cc Forest Lakes LLC
Special Warranty Deed
$12,590,000 · Protective Life Insurance Co
Jun 17, 2022
$9,300,000
Cc Forest Lakes LLC
Ssq LLC
Deed
$6,790,000 · Bank Of The James
Feb 27, 2017
—
Ssq LLC
—
Deed
related
—
Jan 31, 2017
—
Ssq LLC
Ja-zan LLC
Grant Deed
related
—
Dec 28, 2016
$5,425,000
Ssq LLC
Ja-zan LLC
Trustees Deed
$1,700,000 · Union Bk&tr
—
—
Ssq LLC
—
Loan Modification
related
—
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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