Financial
Distress signals
Property profile

445 Commonwealth E Blvd Martinsville, VA 24112

OFF-MARKET
Medical Office Space
Property ID
US87-2664747
8,550 SF 1.27 ac lot Built 1984
Last sale Mar 2018
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 4,200-square-foot, one-story medical office space located on East Commonwealth Boulevard, designed by Marshall Erdman and Associates, Inc. The interior includes built-in cabinets, abundant natural light, and ground-level access from a large private parking lot. The floor plan features a reception desk area seating up to six staff members, eight exam rooms, six private offices, an employee breakroom, four restrooms, and medical records shelving located behind the reception area. The property

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$526k
Assessed land$110k
Assessed improvement$416k
Effective rate0.99%

Value estimate

· Sep 2026
$305k
$275k – $336k
AI approach$305k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ED-MA
ED-MA Economic Development Medical Campus District (new district) ED-G Economic Development General District (formerly M-1) ED-I Economic...
General categoryCIVIC_INSTITUTIONAL
JurisdictionMARTINSVILLE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.0
Building Supply9.8
Convenience Store9.1

Location

445 Commonwealth E Blvd Martinsville, VA 24112-2086
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 10 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
315 Hospital, Martinsville, VA 24112-1945 $800,000 Apr 2022 27,527 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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