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    1035-1051 Millmont St Charlottesville, VA 22903

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    For Lease
    $26 SF/Yr ($4,682 /Mo)

    Retail space available near Barracks Road Shopping Center and UVA.

    Property size:
    2,161 SF
    Lot size:
    2.24 Acres

    Property Features for 1035-1051 Millmont St

    General Information

    Size
    2,161 SF
    Lot size
    2.24 Acres

    Source: Long & Foster Real Estate | Old Ivy Agent David Cooke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near UVA Grounds

    The Millmont Shops, with a total area of 20,837 square feet, is situated adjacent to the Barracks Road Shopping Center and 0.25 miles from the University of Virginia North Grounds, which includes the Darden Graduate Business School, Law & JAG schools. It is also located approximately 1.5 miles from the Central Grounds of the University of Virginia. One space is currently available, offering 2,161 square feet. The center provides a total of 132 parking spaces.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.5051852
    Latitude
    38.0509504

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    FAQs

    What type of property is this?
    Strip mall - Retail space available near Barracks Road Shopping Center and UVA.
    Where is this strip mall located?
    The property is located at 1035-1051 Millmont St Charlottesville, VA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location adjacent to Barracks Road Shopping Center and near University of Virginia North Grounds.; - High visibility and accessibility with **132 parking spaces**.; - Available space of 2,161 sq. ft. suitable for various business needs.
    (434) 981-1667
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    Realmo Value Estimation

    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.

    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.

    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
    1035-1051 Millmont St Charlottesville, VA 22903
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