Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    955 2Nd St SE Charlottesville, VA 22902

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10.75 acres near UVA and Downtown Mall.

    Lot size:
    10.75 Acres

    Property Features for 955 2Nd St SE

    General Information

    Lot size
    10.75 Acres

    We can help!

    Listing Contact
    Clifford Fox
    Source: Moodyscre

    Listing Agent: Clifford Fox

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

    Learn more

    Overview

    Charlottesville Land for Sale

    This property consists of 10.75 acres of land located in the City of Charlottesville, approximately 1 mile from the University of Virginia and 3 blocks from the Downtown Mall. The property can be subdivided as needed. The new proposed zoning NX-8 allows unlimited density up to 8 stories. The site currently carries approximately 144,000 square feet of leased area with opportunities for land development and redevelopment. Infill development opportunities are significant. The Farmers' Market currently enjoys seasonal use of some open space at the site. It presents an opportunity for primary economic development, a tech campus, or mixed-use development.
    Location Intelligence

    Current Use by Public Records

    Monticello Associates Law Firm FedEx Drop Box Mailing Service Ix Business Park Real Estate Developer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.476639
    Latitude
    38.037806

    Nearby Similar for Sale

    • $675,000
      Pending

      Charlottesville Duplex with Income Potential

      Brick duplex in Rugby area with income-producing basement apartments.
      1514 Westwood Rd #A, Charlottesville, VA 22903
      View Details
    • $650,000
      1,950 SF

      Charlottesville Duplex Near University

      Rented duplex near university with long-term tenant.
      821 Cabell Ave, Charlottesville, VA 22903
      View Details
    • $695,000
      2,240 SF

      Spacious Duplex in Quiet Neighborhood

      Turnkey investment: spacious duplex with long-term tenants, near UVA.
      158 Buckingham Cir, Charlottesville, VA 22903
      View Details
    • $1,425,000
      7,334 SF

      Versatile Commercial Property in Charlottesville

      Spacious property with mixed-use zoning in downtown Charlottesville, Virginia.
      218 Ridge St, Charlottesville, VA 22902
      View Details
    • $749,000
      3,809 SF

      Spacious Duplex in Dunlora Forest

      Pristine, low-maintenance duplex with over 3,000 sq ft near Downtown.
      1614 Sawgrass Ct, Charlottesville, VA 22901
      View Details
    • $1,400,000
      2,285 SF

      Turnkey Restaurant Opportunity on Fontaine

      Restaurant property with high visibility, parking, and outdoor seating.
      2206 Fontaine Ave, Charlottesville, VA 22903
      View Details
    • $625,000
      1,822 SF

      Dunlora Forest Home: One-Level Living

      Comfortable and convenient 2-bedroom home near shopping and UVA.
      1620 Sawgrass Ct, Charlottesville, VA 22901
      View Details
    • $389,900
      1,964 SF

      Renovated Home in Wynridge/Rio Area

      Updated 3-bedroom home with modern amenities in a prime location.
      1511 Westfield Ct, Charlottesville, VA 22901
      View Details
    • $199,000

      Renovated Condo Near Shopping Center

      Spacious, renovated 2BR/1BA condo with new features and convenient location.
      2517 Hydraulic Rd, Charlottesville, VA 22901
      View Details
    • $3,500,000

      Charlottesville Mixed-Use Redevelopment Opportunity

      Two buildings with redevelopment potential near UVA and Downtown Mall.
      301 7Th St SW, Charlottesville, VA 22903
      View Details
    • $1,100,000

      Charlottesville Mixed-Use Investment Opportunity

      Rare investment property near Downtown Mall with income potential.
      615 E High St, Charlottesville, VA 22902
      View Details
    • $3,300,000
      7,332 SF

      Charlottesville Building on Two Acres

      Stand-alone building on two acres near I-64 in Charlottesville.
      1791 Richmond Rd, Charlottesville, VA 22911
      View Details

    FAQs

    What type of property is this?
    Land - 10.75 acres near UVA and Downtown Mall.
    Where is this land located?
    The property is located at 955 2Nd St SE Charlottesville, VA.
    What are key features of this property?
    This property features: - Prime location: Just 1 mile from the University of Virginia and 3 blocks from the Downtown Mall.; - High-density zoning: NX-8 zoning allows unlimited density up to 8 stories.; - Large acreage: 10.75 acres within the City of Charlottesville.
    (434) 242-7500
    Request Owner's contact information
    955 2Nd St SE Charlottesville, VA 22902
    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.
    955 2Nd St SE
    Charlottesville, VA 22902
    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
    955 2Nd St SE Charlottesville, VA 22902
    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
    Clifford Fox
    (434) 242-7500
    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.