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Property profile & analytics
FOR LEASE
Office buildings
675 Peter Jefferson Pkwy Charlottesville, VA 22911
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0761740
For Lease
1 / 2
$28.50 SF/Yr
675 Peter Jefferson Pkwy, Charlottesville, VA 22911
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
84,156 SF
Lot
7.9 ac (343,950 SF)
Zoning code
PLANNED DEV. MIXED COMM.
APN
07800-00-00-031C0
UPID
US87-0761740
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
-
Betty Strawhorn Physician
-
Charles Schwab Financial Advisor
-
Elizabeth W. Chance, M.D. Physician Medical Clinic
-
Patriot Commercial Contractor Inc Construction Company General Contractor
-
CornerStone Partners LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$53.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$53.00M
Owner & transaction history
Peter Jefferson Place Assets LLC · 1 yrs held
Peter Jefferson Place Assets LLC
since 2024
Last sale
$53.0M
7 recorded transactions
Zoning & alternative use
PLANNED DEV. MIXED COMM. · 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
$53,000,000
ML approach
$53,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$53.00M
Range $47.70M – $58.30M · ±10% · vs last sale $53.00M (Nov 4 2024)
Last sale anchor
$53.00M
Nov 4 2024
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
$630 / 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
Assessed value
$15,685,100
Assessed 2024
Previous assessed
$19,544,500
-19.7% YoY
Assessed land
$3,683,700
Assessed improvement
$12,001,400
Land market value
$3,683,700
Improvement market value
$12,001,400
Total market value
$15,685,100
Applied tax rate
3.0000
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
1999
Heating
FORCED AIR
Stories
4
Total area
84,156 SF
Lot
7.9 ac (343,950 SF)
Zoning code
PLANNED DEV. MIXED COMM.
APN
07800-00-00-031C0
UPID
US87-0761740
Jurisdiction
ALBEMARLE
Zoning & alternative use
PLANNED DEV. MIXED COMM. · Charlottesville, VA
Zoning PLANNED DEV. MIXED COMM. · permitted uses
PLANNED DEV. MIXED COMM. · 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
1999
Heating
FORCED AIR
Stories
4
Lot
7.9 ac
Current owner
From public records · entity-resolved
Peter Jefferson Place Assets LLC
Entity
Mailing address
301 COMMERCE ST STE #3300, FORT WORTH, TX 76102-4133
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Peter Jefferson Place Assets LLC
—
Deed
related
$61,928,200 · Atlantic Union Bank
Nov 4, 2024
$53,000,000
Peter Jefferson Place Assets LLC
Pjp Propco I LLC
Special Warranty Deed
—
Apr 3, 2020
—
Pjp Propco I LLC
—
Deed
related
$87,075,000 · Wells Fargo Bk
Nov 7, 2019
—
Pjp Propco I LLC
—
Grant Deed
related
$54,375,000 · Wells Fargo Bk
Oct 30, 2019
$20,250,000
Pjp Propco I LLC
Pjp Buildings One LLC
Grant Deed
related
—
—
—
Pjp Propco I LLC
—
Deed Of Trust
related
$87,075,000 · Wells Fargo Bk
—
—
Pjp Building One Lc
—
Deed Of Trust
related
$6,000,000 · Employers Reassurance Corp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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