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Property profile & analytics
OFF-MARKET
Office buildings
2421 Ivy Rd Charlottesville, VA 22903-4971
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-0394029
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
21,324 SF
Lot
5.76 ac (250,862 SF)
Zoning code
COMMERCIAL OFFICE
APN
06000-00-00-02500
UPID
US87-0394029
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
-
United Jewish Fund for Charlottesville Association / Organization
-
National Legal Research Group, Inc. Law Firm
-
Segars Engineering Engineering Consultant Architect
-
Atlantic Research Group Factory Production Facility
-
Carmel Nail Physician
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
Rosser Associates LLC · 3 yrs held
Rosser Associates LLC
since 2023
Last sale
$161,544
4 recorded transactions
Zoning & alternative use
COMMERCIAL OFFICE · 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
Tax billed
$44,136
Tax year 2024
Assessed value
$5,168,200
Assessed 2024
Previous assessed
$5,024,900
+2.9% YoY
Effective rate
0.85%
On assessed value
Assessed land
$4,013,800
Assessed improvement
$1,154,400
Land market value
$4,013,800
Improvement market value
$1,154,400
Total market value
$5,168,200
Applied tax rate
4.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Stories
3
Total area
21,324 SF
Lot
5.76 ac (250,862 SF)
Zoning code
COMMERCIAL OFFICE
APN
06000-00-00-02500
UPID
US87-0394029
Jurisdiction
ALBEMARLE
Zoning & alternative use
COMMERCIAL OFFICE · Charlottesville, VAZoning COMMERCIAL OFFICE · permitted uses
COMMERCIAL OFFICE · 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
1982
Heating
NONE
Stories
3
Lot
5.76 ac
Current owner
From public records · entity-resolved
Rosser Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2421 IVY RD, CHARLOTTESVILLE, VA 22903-4971
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
—
Rosser Associates LLC
—
Deed
related
$130,000 · Virginia National Bank
May 4, 2023
$161,544
Rosser Associates LLC
White Gables II LLC
Deed
—
Oct 22, 2010
$737,500
Avemore Phase IV Of Charlottesvil
Meridian Land Holdings LLC
Grant Deed
—
—
—
Avemore Phase IV Of Charlottesvil
—
Deed Of Trust
related
$4,498,000 · Washingtonfirst Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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