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Property profile & analytics
OFF-MARKET
Retail space
2040 Abbey Rd Charlottesville, VA 22911-3640
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-1816053
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
10,778 SF
Lot
1.67 ac (72,832 SF)
Zoning code
PLANNED DEV. MIXED COMM.
APN
07800-00-00-075A0
UPID
US87-1816053
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
-
Jersey Mike's Subs Take-out & Catering
-
Visiting Angels Senior Home Care Charlottesville Home Health Care Service Assisted Living Facility
-
Starbucks Cafe & Coffee Shop
-
Chipotle Mexican Grill Restaurant
-
Supercuts Hair Salon Nail Salon
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
Cq Pantops LLC · 8 yrs held
Cq Pantops LLC
since 2018
7 recorded transactions
Zoning & alternative use
PLANNED DEV. MIXED COMM. · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,200,200
Assessed 2024
Previous assessed
$5,174,500
-18.8% YoY
Assessed land
$1,468,300
Assessed improvement
$2,731,900
Land market value
$1,468,300
Improvement market value
$2,731,900
Total market value
$4,200,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Heating
NONE
Stories
1
Total area
10,778 SF
Lot
1.67 ac (72,832 SF)
Zoning code
PLANNED DEV. MIXED COMM.
APN
07800-00-00-075A0
UPID
US87-1816053
Jurisdiction
ALBEMARLE
Zoning & alternative use
PLANNED DEV. MIXED COMM. · Charlottesville, VA
Zoning PLANNED DEV. MIXED COMM. · permitted uses
PLANNED DEV. MIXED COMM. · 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.
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Cq Pantops LLC
Entity
Mailing address
2519 WILSON BLVD, ARLINGTON, VA 22201-3815
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2018
$6,711,500
Cq Pantops LLC
Pantops Plaza LLC
Grant Deed
related
$3,000,000 · First Va Cmnty Bk
May 30, 2014
$1,200,000
Pantops Plaza LLC
Pantops Office Building LLC
Trustees Deed
related
$4,500,000 · Union First Market Bk
—
—
Pantops Office Building LLC
—
Loan Modification
related
$600,000 · Kreitler Robin M Trust (pt)
—
—
Pantops Office Building LLC
—
Deed Of Trust
related
$600,000 · Kreitler Robin M Trust (pt)
—
—
Pantops Office Building LLC
—
Loan Modification
related
$600,000 · Kreitler Robin M Trust (pt)
—
—
Pantops Office Building LLC
—
Loan Modification
related
$1,000,000 · Kreitler Robin M Trust (pt)
—
—
Pantops Office Building LLC
—
Deed Of Trust
related
$600,000 · Kreitler Robin M Trust (pt)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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