Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1791 Richmond Rd Charlottesville, VA 22911

    Sponsored
    Picture of Medical offices at Richmond Rd 1791, Charlottesville, VA
    For Lease
    $1.00 SF/Yr

    Building - CHARLOTTESVILLE, VA

    Days on Market:
    331
    Last Refresh:
    Jan 23 at 6:06 pm

    Property Features for 1791 Richmond Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    PD-MC Planned Development - Mixed Commercial
    APN
    07800-00-00-020B0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    PETER WRAY
    PETER WRAY

    TRIANGLE REALTORS (540) 885-5181

    Listing agent PETER WRAY (540) 885-5181

    Listing date Feb 27, 2025

    MLS# 661219 Listing URL

    Copyright © 2026 Greater Augusta Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Building Near I-64

    This stand-alone building is situated on two acres in Charlottesville, VA, minutes from I-64. The well-built structure offers high visibility on heavily traveled Route 250 Pantops. It is adjacent to the Hilton Garden Inn and near Sentara Martha Jefferson Hospital. The property is surrounded by Peter Jefferson Place, a Class A office complex with over 285,000 square feet. The zoning is PD-MC Planned Development - Mixed Commercial. Potential uses include medical office, retail, restaurant, non-profit, and other options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.4382606
    Latitude
    38.025537

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Charlottesville Restaurant with Drive-Thru

      Equipped restaurant with drive-thru in booming Charlottesville area.
      1192 Richmond Rd, Charlottesville, VA 22901
      View Details
    • $1,695 /Mo
      875 SF

      Charlottesville Duplex with Updated Interior

      Move-in ready 2BR/1BA duplex near UVA Medical Center and downtown.
      110 Olinda Dr, Charlottesville, VA 22903
      View Details
    • $2,295 /Mo
      1,578 SF

      Move-in Ready Townhome in Albemarle

      Pet-friendly 3BR townhome near UVA and Hollymead Town Center.
      3400 Moubry Ln, Charlottesville, VA 22911
      View Details
    • Contact for pricing

      Vibrant Shopping Center in Charlottesville

      Modern shopping destination with diverse retail and dining options.
      5th 5Th St SW, Charlottesville, VA 22902
      View Details
    • Contact for pricing
      1,735 SF

      New Mixed-Use Development Space

      Premier retail or office space in a mixed-use development.
      620 Riverside Shops Way, Charlottesville, VA
      View Details
    • Contact for pricing
      86,000 SF

      Class A Office Building

      86,000 SF Class A office space in downtown Charlottesville.
      815 E High St, Charlottesville, VA 22902
      View Details
    • Contact for pricing
      21,362 SF

      Class A Office Space

      Prime office space with mountain views and convenient parking.
      216-218 W Water St, Charlottesville, VA 22902
      View Details
    • $30 SF/Yr
      4,829 SF

      Class A Office Space Available

      Class A office space in park-like setting near I-64.
      675 Peter Jefferson Pkwy, Charlottesville, VA 22911
      View Details
    • $4,500 /Mo
      1,998 SF

      Renovated Cape Cod on Park

      Renovated Cape Cod near Downtown Charlottesville with modern updates.
      1125 Park St, Charlottesville, VA 22901
      View Details
    • Contact for pricing
      1,637 SF

      Retail and Office Spaces Available

      Multiple retail and office spaces for lease in Charlottesville, VA.
      3441-3449 Seminole Trl, Charlottesville, VA 22911
      View Details
    • Contact for pricing
      1,242 SF

      Retail and Office Spaces Available

      Multiple retail and office spaces for lease in Charlottesville, VA.
      1770 Timberwood Blvd, Charlottesville, VA 22911
      View Details
    • Contact for pricing
      750 SF

      Retail and Office Spaces Available

      Multiple retail and office spaces for lease in Charlottesville, VA.
      1740-1764 Timberwood Blvd, Charlottesville, VA 22911
      View Details

    FAQs

    What type of property is this?
    Medical office - Stand-alone building on two acres, minutes from I-64.
    Where is this medical office located?
    The property is located at 1791 Richmond Rd Charlottesville, VA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Prime stand-alone building on two acres.; - High visibility on heavily traveled Rte 250 Pantops.; - Minutes from I-64.
    (540) 849-9020
    Request Owner's contact information
    1791 Richmond Rd Charlottesville, VA 22911
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1791 Richmond Rd
    Charlottesville, VA 22911
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1791 Richmond Rd Charlottesville, VA 22911
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    PETER WRAY
    PETER WRAY
    (540) 849-9020
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.