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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Medical Office Space
2320 Commonwealth Dr, Charlottesville, VA 22901-1622
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0315409
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Total area
2,640 SF
Lot
0.57 ac (24,786 SF)
Zoning code
C1 COMMERCIAL
APN
061W0-01-0A-00900
UPID
US87-0315409
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
-
ACDC - Emergency Dentists Dental Office
-
Blue Ridge Dental Dental Office
-
Dr. Nicholas Minutella Dental Office
-
John Schoeb Dental Office
-
Justin Feehan Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Southeast Dental Partners LLC · 4 yrs held
Southeast Dental Partners LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C1 COMMERCIAL · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.40M (Dec 13 2021)
Last sale anchor
$1.40M
Dec 13 2021
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
$513 / 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
$12,416
Tax year 2024
Assessed value
$1,453,900
Assessed 2024
Previous assessed
$1,380,500
+5.3% YoY
Effective rate
0.85%
On assessed value
Assessed land
$638,000
Assessed improvement
$815,900
Land market value
$638,000
Improvement market value
$815,900
Total market value
$1,453,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Heating
HEAT PUMP
Stories
2
Total area
2,640 SF
Lot
0.57 ac (24,786 SF)
Zoning code
C1 COMMERCIAL
APN
061W0-01-0A-00900
UPID
US87-0315409
Jurisdiction
ALBEMARLE
Zoning & alternative use
C1 COMMERCIAL · Charlottesville, VA
Zoning C1 COMMERCIAL · permitted uses
C1 COMMERCIAL · 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
1983
Heating
HEAT PUMP
Stories
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
Southeast Dental Partners LLC
Entity
Mailing address
19810 W CATAWBA AVE STE A, CORNELIUS, NC 28031-4057
Ownership since
2021
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
Dec 13, 2021
—
Southeast Dental Partners LLC
Store Master Funding Xxii LLC
Lease
—
Dec 13, 2021
$1,397,296
Store Master Funding Xxii LLC
Charlottesville Re Holdings LLC
Warranty Deed
$1,397,296 · Citibank NA
Mar 12, 2021
$985,000
Charlottesville Re Holdings LLC
Medical Building LLC
Deed
$837,250 · Bank Of The James
Oct 7, 2015
$860,000
Blue Ridge Medical Building Ll
Charlottesville Dental Buildin
Grant Deed
$731,000 · United Bk
May 1, 2009
$550,800
Charlottesville Dental Buildin
Heath,richard T
Grant Deed
related
$448,000 · Virginia National Bank
—
—
Charlottesville Dental Buildin
—
Deed Of Trust
related
$180,000 · Bank Of America
—
—
Jarmans Gap Dental Office LLC
—
Deed Of Trust
related
$1,038,000 · Damascus Community 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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