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Property profile & analytics
OFF-MARKET
Estimated value
$13,710,000
Retail properties & Spaces
396 Towncenter Ln Charlottesville, VA 22911-5616
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0995491
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2011
Total area
87,627 SF
Lot
7.77 ac (338,461 SF)
Zoning code
PDMC
APN
03200-00-00-04400
UPID
US87-0995491
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
-
Kohl's Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.57M
Blend (final)
Blend
$13.71M
Owner & transaction history
Mdc Coast 29 LLC · 3 yrs held
Mdc Coast 29 LLC
since 2023
Last sale
$15.2M
4 recorded transactions
Zoning & alternative use
PDMC · 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
$15,600,000
ML approach
$10,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.71M
Range $12.34M – $15.08M · ±10% · vs last sale $15.17M (Mar 31 2023)
Last sale anchor
$15.17M
Mar 31 2023
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
$156 / 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
$115,113
Tax year 2024
Assessed value
$13,479,300
Assessed 2024
Previous assessed
$11,868,300
+13.6% YoY
Effective rate
0.85%
On assessed value
Assessed land
$5,175,800
Assessed improvement
$8,303,500
Land market value
$5,175,800
Improvement market value
$8,303,500
Total market value
$13,479,300
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2011
Heating
HEAT PUMP
Stories
1
Total area
87,627 SF
Lot
7.77 ac (338,461 SF)
Zoning code
PDMC
APN
03200-00-00-04400
UPID
US87-0995491
Jurisdiction
ALBEMARLE
Zoning & alternative use
PDMC · Charlottesville, VA
Zoning PDMC · permitted uses
PDMC · 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
2011
Heating
HEAT PUMP
Stories
1
Lot
7.77 ac
Current owner
From public records · entity-resolved
Mdc Coast 29 LLC
Entity
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
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
Mar 31, 2023
$15,170,309
Mdc Coast 29 LLC
Arcp Ko Charlottesville Va LLC
Special Warranty Deed
—
—
—
Arcp Ko Charlottesville Va LLC
—
Deed Of Trust
related
$8,745,000 · Miscellaneous Ins Co
—
—
Arcp Ko Charlottesville Va LLC
—
Deed Of Trust
related
$8,745,000 · Miscellaneous Ins Co
—
—
Route 29 LLC
—
Deed Of Trust
related
$12,000,000 · United 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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