Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Charlottesville Flex/Industrial Building For Sale Title is generated by Realmo AI

    1311 Carlton Avenue, Charlottesville, VA 22902

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    27,000 SF flex/industrial building on 1.68 acres.

    Type:Flex, Industrial
    Property size:
    27,000 SF
    Lot size:
    1.68 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:53 am

    Property Features for 1311 Carlton Avenue

    General Information

    Standard status
    Active
    Size
    27,000 SF
    Lot size
    1.68 Acres
    Property subtype
    Flex, Industrial

    We can help!

    Listing Contact
    Sam P. Orr
    Sam P. Orr

    Listing agent Sam P. Orr

    Listing office MacKenzie Commercial Real Estate | Charlottesville

    Listing date Apr 3, 2026

    Source Mackenziecommercial

    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 MacKenzie Commercial Real Estate | Charlottesville

    HighLights

    • 27,000± SF flex/industrial building on 1.68± acres in Charlottesville.
    • Convenient access to I‑64 and Route 250.
    • Multiple loading options: two dock doors and four drive‑in doors.
    • Fully conditioned warehouse space.
    • New HVAC system installed in 2023.
    • 58‑space dedicated parking lot.

    Overview

    The property at 1311 Carlton Avenue is a flex/industrial building offering approximately 27,000 square feet of space on a 1.68-acre lot. It features approximately 6,000 square feet of office space distributed across two mezzanine levels. The warehouse is fully conditioned. The building includes two dock doors and four drive-in doors, along with multiple roll-up doors. A dedicated parking lot provides 58 spaces. The location offers convenient access to I-64 and Route 250. Capital improvements include a roof replacement in 2012, new LED lighting installed in 2019, and HVAC replacement in 2023. This centrally located industrial asset is suitable for owner-users or investors.
    Location Intelligence

    Current Use by Public Records

    Worksource Enterprises Social Service Agency

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • APimento Catering — 1304-C E Market St, Charlottesville, VA 22902
    • The Local Catering — 824 Hinton Ave, Charlottesville, VA 22902
    • Blue Ridge Pizza Co. — 1110 E Market St #8m, Charlottesville, VA 22902
    • Good Waffles & Co. — 1110 E Market St, Charlottesville, VA 22902
    • Park Pie LLC — 1110 E Market St Suite 6-O, Charlottesville, VA 22902

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.4685649
    Latitude
    38.0226482

    Nearby Similar for Sale

    • $2,630,000
      3,000 SF

      Retail Building on Seminole Trail

      Retail property on a high-traffic commercial corridor.
      1431 SEMINOLE TRL, CHARLOTTESVILLE, VA 22901
      View Details
    • $889,000
      1,232 SF

      Residential Income Duplex Opportunity

      Duplex on a small lot with RN-A zoning and by-right ability to add a rear dwelling unit.
      326 NW 10TH ST, CHARLOTTESVILLE, VA 22903
      View Details
    • $519,000
      2,400 SF

      Remodeled Side-by-Side Duplex

      Side-by-side duplex with comprehensive updates, offering turn-key flexibility for owner-occupants or rental investors.
      530 CLEVELAND AVE, CHARLOTTESVILLE, VA 22903
      View Details
    • $825,000
      2,300 SF

      Two-Unit Brick Income Duplex

      Two separately metered units with shared laundry and off-street parking, positioned on a nearly half-acre lot zoned CX-5.
      2401 FONTAINE AVE, CHARLOTTESVILLE, VA 22903
      View Details
    • $779,000
      1,716 SF

      Zoned Duplex with Expansion Potential

      Income-producing duplex with RN-A zoning that supports additional units under an Affordable Dwelling Unit bonus.
      911 WEST ST, CHARLOTTESVILLE, VA 22903
      View Details
    • $650,000
      1,950 SF

      Duplex With In-Unit Laundry

      Two well-kept units in Charlottesville, including in-unit washer/dryer, with one unit on terrace level.
      821 CABELL AVE, CHARLOTTESVILLE, VA 22903
      View Details
    • $525,000
      2,016 SF

      Remodeled Duplex with Fenced Yard

      Two separate residences with remodeled downstairs unit, central A/C, separate metering, and a large fenced back yard.
      1642 MERIDIAN ST, CHARLOTTESVILLE, VA 22902
      View Details
    • $475,000
      2,000 SF

      Two-Unit Residential Income Property

      Two separate levels offer two-bed and one-bed layouts, with off-street parking and a fully fenced yard.
      511 STONEHENGE AVE, CHARLOTTESVILLE, VA 22902
      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
      View Details
    • $490,000
      2,345 SF

      Downtown Office Investment Opportunity

      Commercial office property suitable for investors or owner-occupiers.
      1001 E Market St, Charlottesville, VA
      View Details
    • $262,000

      First-Floor 2BR/2BA Condo

      Immaculately updated first-floor condo with screened porch and HOA amenities including pools, tennis, and clubhouse fitness.
      114 TURTLE CREEK RD #1, CHARLOTTESVILLE, VA 22901
      View Details
    • $898,000
      2,400 SF

      Fontaine Avenue Income Property

      Two-unit property near UVA with development potential.
      2401 FONTAINE AVE, Charlottesville, VA 22903
      View Details

    FAQs

    What type of property is this?
    Flex space - 27,000 SF flex/industrial building on 1.68 acres.
    Where is this flex space located?
    The property is located at 1311 Carlton Avenue Charlottesville, VA.
    What are key features of this property?
    This property features: 27,000± SF flex/industrial building on 1.68± acres in Charlottesville.; Convenient access to I‑64 and Route 250.; Multiple loading options: two dock doors and four drive‑in doors.
    (434) 818-7788
    We can help!
    Listing Contact
    Sam P. Orr
    Sam P. Orr
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1311 Carlton Avenue, Charlottesville, VA 22902
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!