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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Warehouses
2016 Cypress Dr Charlottesville, VA 22911-5825
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-1311231
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Total area
12,640 SF
Lot
25.98 ac (1,131,689 SF)
Zoning code
R4 RESIDENTIAL
APN
03200-00-00-022I0
UPID
US87-1311231
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$790k
Owner & transaction history
BEARD, C RAY OF THE) C RAY B TR
BEARD, C RAY OF THE) C RAY B TR
Zoning & alternative use
R4 RESIDENTIAL · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+94.3%
Commercial (general)
$1.0M
+77.5%
Restaurant
$1.0M
+76.1%
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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$580,000
Current use
MEDICAL BUILDING
$1,125,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,030,000
Change: +77% · Conversion: Difficult
RESTAURANT
$1,020,000
Change: +76% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$755,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$63 / 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
$51,592
Tax year 2024
Assessed value
$6,041,200
Assessed 2024
Previous assessed
$5,578,300
+8.3% YoY
Effective rate
0.85%
On assessed value
Assessed land
$5,333,300
Assessed improvement
$707,900
Land market value
$5,333,300
Improvement market value
$707,900
Total market value
$6,041,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
BASEBOARD
Cooling
YES
Buildings
2
Stories
1
Rooms
6
Bathrooms
1
Total area
12,640 SF
Lot
25.98 ac (1,131,689 SF)
Zoning code
R4 RESIDENTIAL
APN
03200-00-00-022I0
UPID
US87-1311231
Jurisdiction
ALBEMARLE
Zoning & alternative use
R4 RESIDENTIAL · Charlottesville, VA
Zoning R4 RESIDENTIAL · permitted uses
R4 RESIDENTIAL · Charlottesville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlottesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$580,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RESTAURANT
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$755,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
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
1986
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
1
Lot
25.98 ac
Current owner
From public records · entity-resolved
BEARD, C RAY OF THE) C RAY B TR
Individual
Free & Clear · 0 yrs held
Mailing address
2073 CYPRESS DR, CHARLOTTESVILLE, VA 22911-5825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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