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Property profile & analytics
OFF-MARKET
Turn key restaurants
5778 3rd Notch D Rd Crozet, VA 22932
Entity Owned
10-yr Hold
Free & Clear
Property ID
US87-1195367
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Total area
3,000 SF
Lot
1.66 ac (72,527 SF)
Zoning code
DOWNTOWN CROZET DISTRICT
APN
056A2-01-00-02800
UPID
US87-1195367
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Crozet Center Partners LLC · 10 yrs held
Crozet Center Partners LLC
since 2016
4 recorded transactions
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$1,050,600
Assessed 2024
Previous assessed
$920,500
+14.1% YoY
Assessed land
$724,100
Assessed improvement
$326,500
Land market value
$724,100
Improvement market value
$326,500
Total market value
$1,050,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
3,000 SF
Lot
1.66 ac (72,527 SF)
Zoning code
DOWNTOWN CROZET DISTRICT
APN
056A2-01-00-02800
UPID
US87-1195367
Jurisdiction
ALBEMARLE
Zoning & alternative use
DOWNTOWN CROZET DISTRICT · Crozet, VAZoning 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
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
Crozet Center Partners LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 610, WAYNESBORO, VA 22980-0450
Ownership since
2016
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
Apr 21, 2025
—
Crozet Center Partners LLC
—
Deed
related
$2,262,000 · Virginia Cu INC
Feb 12, 2016
$642,000
Crozet Center Partners LLC
Crozet Shopping Center West Ll
Grant Deed
related
—
Sep 25, 2013
—
Crozet Shopping Center West Ll
—
Grant Deed
related
$1,200,000 · Community Capital Bank
—
—
Crozet Shopping Center West Ll
—
Deed Of Trust
related
$510,000 · Virginia National 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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