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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1752 Timberwood Blvd Charlottesville, VA 22911-7593

    • Strip malls
    • 45,683 SF
    • 6.19 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2022
    $9,300,000
    Value Estimations
    $9,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1109342
    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

    • Kenneth Rasmussen, DMD, PC / Dentist
    • Charlottesville Dental Medicine at Forest Lakes / Dentist / Cosmetic Dentist
    • Rivanna Dental Care / Dentist / Dental Clinic

    Property Details for 1752 Timberwood Blvd

    Year built
    1990
    Lot size
    6.19 lot acres
    Property size
    45,683 SF
    Zone code
    PLANNED DEV. SHP. CNTR.
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    046B4-00-00-00200
    APU
    046B4000000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,575,000
      ML approach
      $8,640,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $5,725,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4361
    Latitude
    38.129
    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
    $48,715
    $3,399,100
    $2,305,200
    $5,704,300
    -
    $3,399,100
    $2,305,200
    $5,704,300

    Comparable in this City

    • Value Estimation
      $9,445,000
      13,564 SF

      1770 Timberwood Blvd

      SHOPPING CENTER, STRIP CENTER • 13,564 SF
      1770 Timberwood Blvd, Charlottesville, VA 22911-7501
      View Details
    • Value Estimation by Request
      12,750 SF

      340 Towncenter Ln

      SHOPPING CENTER, STRIP CENTER • 12,750 SF
      340 Towncenter Ln, Charlottesville, VA 22911-5617
      View Details
    • Value Estimation by Request
      9,912 SF

      3450 Seminole Trl

      SHOPPING CENTER, STRIP CENTER • 9,912 SF
      3450 Seminole Trl, Charlottesville, VA 22911-2210
      View Details
    • Value Estimation
      $1,100,000
      78,646 SF

      394 Pantops Ctr

      SHOPPING CENTER, STRIP CENTER • 78,646 SF
      394 Pantops Ctr, Charlottesville, VA 22911-8679
      View Details
    • Value Estimation by Request
      9,252 SF

      3440 Seminole Trl

      SHOPPING CENTER, STRIP CENTER • 9,252 SF
      3440 Seminole Trl, Charlottesville, VA 22911-2217
      View Details
    • Value Estimation
      $9,390,000
      8,640 SF

      3441 Seminole Trl

      SHOPPING CENTER, STRIP CENTER • 8,640 SF
      3441 Seminole Trl, Charlottesville, VA 22911-5637
      View Details

    Similar Nearby for Sale

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      Multipurpose Building Near University of Virginia

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    Similar Nearby for Lease

    • Contact for pricing
      300,000 SF

      Hollymead Town Center Retail Space

      Prime Charlottesville retail space, multiple units available.
      163 Community St, Charlottesville, VA 22911
      View Details
    • $16 SF/Yr
      47,550 SF

      Grocery Anchored Retail Space Available

      Retail space in a grocery-anchored shopping center near I-64.
      504-598 Pantops Ctr, Charlottesville, VA 22911
      View Details
    • Contact for pricing
      1,680 SF

      Retail Space in Anchored Center

      Retail space available in shopping center near University of Virginia.
      201-237 Connor Dr, Charlottesville, VA 22911
      View Details
    • Contact for pricing
      1,242 SF

      Retail and Office Spaces Available

      Multiple retail and office spaces for lease in Charlottesville, VA.
      1770 Timberwood Blvd, Charlottesville, VA 22911
      View Details
    • Contact for pricing
      4,935 SF

      Retail Space Anchored by Target

      Retail space available in a shopping center with major anchors.
      129-141 Community St, Charlottesville, VA 22911
      View Details
    • Contact for pricing
      3,166 SF

      Retail Space in High-Traffic Center

      Retail space available in shopping center anchored by major retailers.
      241-269 Connor Dr, Charlottesville, VA 22911
      View Details
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    Charlottesville, VA 22911-7593
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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