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Property profile & analytics
FOR LEASE
Office buildings
5690 Three Notch D Rd Crozet, VA 22932
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-0962705
For Lease
1 / 4
$3,545,000
5690 Three Notch D Rd, Crozet, VA 22932
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
23,774 SF
Lot
1.79 ac (77,972 SF)
Zoning code
DOWNTOWN CROZET DISTRICT
APN
056A2-01-00-03100
UPID
US87-0962705
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$3.55M
Owner & transaction history
Crozet Commons LLC · 7 yrs held
Crozet Commons LLC
since 2018
1 recorded transaction
Zoning & alternative use
DOWNTOWN CROZET DISTRICT · Crozet, 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 Crozet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crozet 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.55M
Range $3.19M – $3.90M · ±10%
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
$149 / 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
$51,872
Tax year 2024
Assessed value
$6,074,000
Assessed 2024
Previous assessed
$5,878,000
+3.3% YoY
Effective rate
0.85%
On assessed value
Assessed land
$973,100
Assessed improvement
$5,100,900
Land market value
$973,100
Improvement market value
$5,100,900
Total market value
$6,074,000
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2006
Heating
HEAT PUMP
Stories
4
Total area
23,774 SF
Lot
1.79 ac (77,972 SF)
Zoning code
DOWNTOWN CROZET DISTRICT
APN
056A2-01-00-03100
UPID
US87-0962705
Jurisdiction
ALBEMARLE
Zoning & alternative use
DOWNTOWN CROZET DISTRICT · Crozet, VA
Zoning DOWNTOWN CROZET DISTRICT · permitted uses
DOWNTOWN CROZET DISTRICT · Crozet, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crozet. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
HEAT PUMP
Stories
4
Lot
1.79 ac
Current owner
From public records · entity-resolved
Crozet Commons LLC
Entity
Mailing address
4348 VAN NUYS BLVD STE #200, SHERMAN OAKS, CA 91403-5555
Ownership since
2018
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
Nov 1, 2018
$5,214,486
Crozet Commons LLC
Tymark Holding LLC
Grant Deed
$4,200,000 · University/va Cmnty Cu
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.
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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