Individually Owned
No photos on file
For Sale
Contact for pricing
315 Hospital Dr, Martinsville, VA 24112
View Listing →
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
Current use
Occupant on record · Public records
-
Charitable Organization Medical Clinic
-
Training Center
-
Physician
-
Physician Medical Clinic
-
Physician Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
since 2022
Last sale
$800,000
1 recorded transaction
Zoning & alternative use
ED-MA · Martinsville, VA
Zoning description
ED-MA Economic Development Medical Campus District (new district) ED-G Economic Development General District (formerly M-1) ED-I Economic Development Intensive District (formerly M-2) TND-O Traditional Neighborhood Devel…
General category
CIVIC_INSTITUTIONAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$935k
Value range
$842k – $1.03M
±10% around blend
Estimated value / SF
$34 / SF
Confidence
Property data
88
Comparable evidence
60
$842k
blend $935k
$1.03M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,527 SF
Lot area
9.04 ac
Year built
1972
APN
23 (01 )00 /31
Zoning
ED-MA
Assessed value
$815,400
Annual tax
$8,072
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$935k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$800k
Move the market yield to see immediate price impact.
Value / SF
$29
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$50k
$1.01M
$720k
$560k
$56k
$1.12M
$800k
$622k
$62k
$1.23M
$880k
$684k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
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, VAZoning ED-MA · permitted uses
ED-MA · Martinsville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
ED-MA Economic Development Medical Campus District (new district) ED-G Economic Development General District (formerly M-1) ED-I Economic Development Intensive District (formerly M-2) TND-O Traditional Neighborhood Devel…
General category
CIVIC_INSTITUTIONAL
Building & site characteristics
From public records
Year built
1972
Lot
9.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
ED-MA
CIVIC_INSTITUTIONAL
Jurisdiction
Martinsville, VA
Recorded code
ED-MA
Official district
ED-MA
Official district profile
What the municipal code says about ED-MA
Zoning description
ED-MA Economic Development Medical Campus District (new district) ED-G Economic Development General District (formerly M-1) ED-I Economic Development Intensive District (formerly M-2) TND-O Traditional Neighborhood Devel…
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ED-MA in Martinsville, VA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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