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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Medical Office Space
315 Hospital Dr Martinsville, VA 24112-1945
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2659031
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Total area
27,527 SF
Lot
9.04 ac (393,565 SF)
Zoning code
ED-MA
APN
23 (01 )00 /31
UPID
US87-2659031
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
-
Free Medical Clinic Charitable Organization Medical Clinic
-
Perkins Medical Services Training Center
-
Sprinkle Philip MD Physician
-
Dr. Vishwanath N. Halukurike, MD Physician Medical Clinic
-
Rachner Thomas E MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Piedmont Access To Health Services · 4 yrs held
Piedmont Access To Health Services
since 2022
Last sale
$800,000
1 recorded transaction
Zoning & alternative use
ED-MA · Martinsville, 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 Martinsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinsville 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
$935,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $800k (Apr 20 2022)
Last sale anchor
$800k
Apr 20 2022
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
$32 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,072
Tax year 2023
Assessed value
$815,400
Assessed 2023
Previous assessed
$895,200
-8.9% YoY
Effective rate
0.99%
On assessed value
Assessed land
$135,500
Assessed improvement
$679,900
Land market value
$135,500
Improvement market value
$679,900
Total market value
$815,400
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
1972
Total area
27,527 SF
Lot
9.04 ac (393,565 SF)
Zoning code
ED-MA
APN
23 (01 )00 /31
UPID
US87-2659031
Jurisdiction
MARTINSVILLE CITY
Zoning & alternative use
ED-MA · Martinsville, VA
Zoning ED-MA · permitted uses
ED-MA · Martinsville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Martinsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Lot
9.04 ac
Current owner
From public records · entity-resolved
Piedmont Access To Health Services
Individual
Free & Clear · 4 yrs held
Mailing address
116 S RDG ST, DANVILLE, VA 24541-1314
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$800,000
Piedmont Access To Health Services
Martinsville Medical Buildings INC
Warranty Deed
—
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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