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    1001 E Market St Charlottesville, VA 22902

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    For Sale
    $490,000

    Commercial office property suitable for investors or owner-occupiers.

    Property size:
    2,345 SF
    Lot size:
    0.43 Acres

    Property Features for 1001 E Market St

    General Information

    Size
    2,345 SF
    Lot size
    0.43 Acres

    Source: Colliers | Charlottesville Agent Casimer Kawecki

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

    Overview

    Downtown Office Investment Opportunity

    This commercial office property presents an investment opportunity suitable for both investors and owner-occupiers. Suite 101, soon to be vacant, is a turnkey, furnished suite featuring a functional layout that includes a reception waiting room, a conference room, a kitchenette, and up to two private offices. Investors and owner-occupiers can benefit from the strong in-place rental income generated by GEI Consultants, a stable, national engineering firm with multiple locations. The building's exteriors and interiors are well-maintained, and the professionally run condo association ensures a low-maintenance investment. Convenient on-site parking is available, with additional parking options for rent in nearby lots. The property's downtown location offers a short walk to the Downtown Mall. It features a convenient at-grade entry and large storefront windows that provide abundant natural light. The property size is 2345 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Virginia Child & Family ... Counselor The Ivy Group Website Designer GEI Consultants, Inc. Engineering Consultant Whole Woman's Health ... Corporate Office Charlottesville Chamber Music ... Non-Profit Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.4731652
    Latitude
    38.0290623

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    FAQs

    What type of property is this?
    Office space - Commercial office property suitable for investors or owner-occupiers.
    Where is this office space located?
    The property is located at 1001 E Market St Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: - Strong in-place rental income from GEI Consultants.; - Turnkey, furnished suite 101 with functional layout.; - **Strong downtown location, short walk to Downtown Mall.**
    (434) 974-7377
    Request Owner's contact information
    1001 E Market St Charlottesville, VA 22902
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    Charlottesville, VA 22902
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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
    1001 E Market St Charlottesville, VA 22902
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