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    405 Premier Cir Charlottesville, VA 22901

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    For Sale
    $1,450,000

    1.07 acre commercial development property with frontage on Hwy 29.

    Lot size:
    1.07 Acres

    Property Features for 405 Premier Cir

    General Information

    Lot size
    1.07 Acres

    Source: O'CONNELL REALTY Agent John O'Connell

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

    Overview

    Commercial Development Land For Sale

    This is a 1.07-acre commercial development property with frontage on Hwy 29. The site was originally part of a larger 3.75-acre site. The property is zoned Neighborhood Model, which allows for retail, medical office, flex, and distribution uses. The traffic count is 57,468 VPD. The site is being sold "As Is".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -78.482979
    Latitude
    38.0724695

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    FAQs

    What type of property is this?
    Commercial land - 1.07 acre commercial development property with frontage on Hwy 29.
    Where is this commercial land located?
    The property is located at 405 Premier Cir Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - High traffic count: 57,468 VPD; - Commercial development property with frontage on Hwy 29; - Neighborhood Model zoning allows retail/medical office/flex/distribution
    (434) 960-6464
    Request Owner's contact information
    405 Premier Cir Charlottesville, VA 22901
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    Charlottesville, VA 22901
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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
    405 Premier Cir Charlottesville, VA 22901
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