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    Property profile & analytics

    2320 Commonwealth Dr Charlottesville, VA 22901-1622

    • Medical offices
    • 2,640 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    $1,715,000
    Last Sale
    Dec 13, 2021
    $1,397,296
    Location Intelligence
    Property ID
    US87-0315409
    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

    • ACDC - Emergency Dentists / Dentist / Cosmetic Dentist
    • Blue Ridge Dental / Dentist / Cosmetic Dentist
    • Dr. Nicholas Minutella / Dentist / Practitioner Service Location
    • John Schoeb / Dentist / Practitioner Service Location
    • Justin Feehan / Dentist

    Property Details for 2320 Commonwealth Dr

    Year built
    1983
    Lot size
    0.57 lot acres
    Property size
    2,640 SF
    Zone code
    C1 COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    061W0-01-0A-00900
    APU
    061W0010A00900

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,015,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,280,000
      6.5%
      $1,325,000
      7%
      $1,400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,345,000
      Geo Method
      $1,475,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,370,000
      Retail
      $1,375,000
      Mixed-Use
      $1,565,000
      Hospitality
      $1,295,000
      Educational
      $1,580,000
      Residential Income
      $1,585,000
      Energy
      $1,260,000
      Income-Based Land
      $1,585,000
      Food Service
      $1,205,000

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4875
    Latitude
    38.0732
    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
    $12,416
    $638,000
    $815,900
    $1,453,900
    -
    $638,000
    $815,900
    $1,453,900

    Comparable in this City

    • Value Estimation by Request
      8,446 SF

      244 Hydraulic Rdg Rd

      MEDICAL BUILDING • 8,446 SF
      244 Hydraulic Rdg Rd, Charlottesville, VA 22901-8124
      View Details
    • Value Estimation by Request
      4,000 SF

      535 Westfield Rd Ste, Unit 100

      MEDICAL BUILDING • 4,000 SF
      535 Westfield Rd Ste, Charlottesville, VA 22901-1870
      View Details
    • Value Estimation
      $320,000
      998 SF

      2202 Berkshire Rd Ste, Unit 102

      MEDICAL BUILDING • 998 SF
      2202 Berkshire Rd Ste, Charlottesville, VA 22901-2761
      View Details
    • Value Estimation
      $235,000
      3,137 SF

      535 Westfield Rd Ste, Unit 200

      MEDICAL BUILDING • 3,137 SF
      535 Westfield Rd Ste, Charlottesville, VA 22901-1870
      View Details
    • Value Estimation by Request
      3,119 SF

      905 Rio E Ctb

      MEDICAL BUILDING • 3,119 SF
      905 Rio E Ctb, Charlottesville, VA 22901-8040
      View Details
    • Value Estimation by Request
      3,295 SF

      2700 Hydraulic Rd

      MEDICAL BUILDING • 3,295 SF
      2700 Hydraulic Rd, Charlottesville, VA 22901-8915
      View Details

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    • Contact for pricing
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      Versatile Retail or Restaurant Space

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    • $1,800 /Mo
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      Office Space with Vaulted Ceiling

      Office space featuring open layout, kitchenette, and full bath.
      2350 Commonwealth Dr, Charlottesville, VA 22901
      View Details
    • $13 SF/Yr
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      View Details
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    2320 Commonwealth Dr
    Charlottesville, VA 22901-1622
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    Realmo Value Estimation

    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.

    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.

    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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