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4916 Plank Rd, North Garden, VA 22959
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Property summary
AI-generated overview
The Crossroad Shops is located in southern Albemarle County on U.S. Route 29, approximately 10 miles from Charlottesville. The property is configured as a mixed retail and commercial center with individual office units and additional unfinished flex space that can be used for storage or build-out. Available space sizes range from about 150 to 4,000 square feet. Unit # Upper 8 is a 3,026-square-foot, grade-level suite accessed from the rear parking lot, designed for stair-free entry and containing finished offices, meeting spaces, a conference room with natural light, a bathroom, and a kitchen, along with multiple entrances. The center includes ample parking across multiple lots and has an on-site building manager; anchor tenants have included the Crossroads Store, Dr. Ho’s Humble Pie, and UVA Family Practice – Crossroads.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
22,055 SF
Lot
2.51 ac (109,553 SF)
Zoning code
C1 COMMERCIAL
APN
09900-00-00-00500
UPID
US87-0956605
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
-
Grocery & Convenience Store
-
Alternative Medicine Practice
-
Physician
-
Medical Clinic
-
Pediatrician Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
since 2024
3 recorded transactions
Zoning & alternative use
C1 COMMERCIAL · North Garden, VA
Top alternative use upside
Restaurant
$1.3M
+13.9%
Retail stores
$1.3M
+9.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
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
$1.00M
Value range
$900k – $1.10M
±10% around blend
Estimated value / SF
$45 / SF
Confidence
Property data
88
Comparable evidence
60
$900k
blend $1.00M
$1.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,055 SF
Lot area
2.51 ac
Year built
2007
Stories
2
APN
09900-00-00-00500
Zoning
C1 COMMERCIAL
Assessed value
$4,369,500
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
$1.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+14%
vs current-use indication
Retail Stores
Neighborhood: Shopping Center · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
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$4.37M
Move the market yield to see immediate price impact.
Value / SF
$198
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%
$275k
$5.51M
$3.93M
$3.06M
$306k
$6.12M
$4.37M
$3.40M
$336k
$6.73M
$4.81M
$3.74M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$4,369,500
Assessed 2024
Previous assessed
$2,459,700
+77.6% YoY
Assessed land
$673,500
Assessed improvement
$3,696,000
Land market value
$673,500
Improvement market value
$3,696,000
Total market value
$4,369,500
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
2007
Heating
HEAT PUMP
Stories
2
Total area
22,055 SF
Lot
2.51 ac (109,553 SF)
Zoning code
C1 COMMERCIAL
APN
09900-00-00-00500
UPID
US87-0956605
Jurisdiction
ALBEMARLE
Zoning & alternative use
C1 COMMERCIAL · North Garden, VAZoning C1 COMMERCIAL · permitted uses
C1 COMMERCIAL · North Garden, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
HEAT PUMP
Stories
2
Lot
2.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1 COMMERCIAL
Jurisdiction
North Garden, VA
Recorded code
C1 COMMERCIAL
Ownership Intelligence
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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
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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