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Property profile & analytics
OFF-MARKET
Medical Office Space
183 Spotnap Rd Charlottesville, VA 22911-8812
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US87-1068501
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
7,766 SF
Lot
1.28 ac (55,626 SF)
Zoning code
HIGHWAY COMMERCIAL
APN
07800-00-00-015F0
UPID
US87-1068501
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
-
Charlottesville Orthopaedic Center Medical Clinic
-
MARGARET K. CROOK Physician
-
Dr. Christopher G. Zitnay, MD Physician
-
Nielsen David DO Physician
-
Creative Family Solutions - Charlottesville, Virginia Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pantops & 183 LLC · 10 yrs held
Pantops & 183 LLC
since 2016
6 recorded transactions
Zoning & alternative use
HIGHWAY COMMERCIAL · Charlottesville, VA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,558,700
Assessed 2024
Previous assessed
$1,557,900
+0.1% YoY
Assessed land
$934,500
Assessed improvement
$624,200
Land market value
$934,500
Improvement market value
$624,200
Total market value
$1,558,700
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
1993
Heating
HEAT PUMP
Stories
1
Total area
7,766 SF
Lot
1.28 ac (55,626 SF)
Zoning code
HIGHWAY COMMERCIAL
APN
07800-00-00-015F0
UPID
US87-1068501
Jurisdiction
ALBEMARLE
Zoning & alternative use
HIGHWAY COMMERCIAL · Charlottesville, VAZoning HIGHWAY COMMERCIAL · permitted uses
HIGHWAY COMMERCIAL · Charlottesville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code PDF
Building & site characteristics
From public records
Year built
1993
Heating
HEAT PUMP
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Pantops & 183 LLC
Entity
Mailing address
195 RIVERBEND DR, CHARLOTTESVILLE, VA 22911-8708
Ownership since
2016
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
Jul 27, 2023
—
103 South Pantops Drive LLC
—
Deed
related
$2,781,000 · Atlantic Union Bank
Jun 17, 2016
—
South Pantops Drive LLC
—
Deed
related
$2,840,000 · Union Bk&tr
Jun 7, 2016
—
Pantops & 183 LLC
Pantops/183 Land Trust
Quit Claim Deed
related
—
—
—
South Pantops Drive LLC
—
Deed Of Trust
related
$2,840,000 · Union Bk&tr
—
—
Pantops/183 Land Trust
—
Deed Of Trust
related
$2,835,000 · Fulton Bank
—
—
Pantops/183 Land Trust
—
Deed Of Trust
related
$900,000 · Fulton Bank
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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