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Mixed-Use Office and Apartment Building
For Sale
Contact for pricing
Pending

1135 Rose Hill Dr, Charlottesville, VA 22903

Newly completed property combines leased Class A office space with 14 apartments and off-street parking.

Property SizeContact for details
Days on Market142

Property Features for 1135 Rose Hill Dr

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Cushman & Wakefield Thalhimer - Glen Allen, Virginia
Listed By: Catharine Spangler · License #VA 0225196994
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 9:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield Thalhimer - Glen Allen, Virginia

Investment Insights

Based on property information with market context.

Completed in 2023, this mixed-use building contains 15,810 SF of Class A office space and 14 Class A apartments. Both components are fully leased, and the property includes 55 on-site parking spaces. The lower level also has multiple pre-built storage cages, with additional space available for future cages.

Rugby Station is located at 1135 Rose Hill Dr in Charlottesville, Virginia, less than one mile from downtown and 1.5 miles northeast of the University of Virginia. The surrounding Barracks Rugby submarket includes an average home value over $620,000 within one mile of the property. The office leases are secured by the developer and its affiliates and include annual rent escalations.

Key Highlights

  • 15,810 SF of fully leased Class A office space
  • 14 fully leased Class A apartments
  • Completed in 2023 on ±0.70 acres

Property Analytics

Current Use

The Jessica Russo Team ... Real Estate Agency Red Fox Title, ... Title Company Robert Russo Realtor, ... Real Estate Agency Tammy Wilt, Gray ... Loan Service Marcela Foshay Real Estate Agency

Suggested Use

Top Pick Dental Office Electrical Service Storage Facility HVAC Service (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

848
Businesses Nearby

Demographics for 22903, VA

42,170
Population
17,642
Households
2.4
Avg Household Size
28
Median Age
65%
College-Educated
95%
High-School Grad
69.0 sq mi
ZIP Area
611
Density / Sq Mi
$64,352
Median Household Income
$33,607
Median Earnings
$1,479
Median Rent
$510,500
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Newly completed property combines leased Class A office space with 14 apartments and off-street parking.
Where is this mixed-use property located?
The property is located at 1135 Rose Hill Dr Charlottesville, VA.
What are key features of this property?
This property features: 15,810 SF of fully leased Class A office space; 14 fully leased Class A apartments; Completed in 2023 on ±0.70 acres
More about this property
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