Add Listing
    For Lease
    • 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

    600 Water St Charlottesville, VA 22902

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two suites available, prime location.

    Lot size:
    3,361 SF

    Property Features for 600 Water St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,361 SF

    Spaces For Lease

    at 600 Water St, Charlottesville, VA 22902 Contact us

    We can help!

    Listing Contact
    Jenny Stoner
    Jenny Stoner

    Listing Agency: Cushman & Wakefield Thalhimer Charlottesville Listing Agent: Jenny Stoner

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

    Learn more

    Property Insight Report

    Overview

    This exceptional office space at 600 East Water Street offers two available suites, ranging from 892 to 2,469 square feet. Located just one block from the vibrant Downtown Mall, this property boasts a highly desirable address in the City of Charlottesville submarket. The suites feature beautiful, well-lit interiors with extensive glass exteriors, maximizing natural light. Tenants will appreciate the well-maintained interior and exterior spaces, contributing to a professional and comfortable work environment. Each suite includes convenient interior kitchenettes and restrooms. Parking is readily available, with several spaces in an onsite lot, and the property is in close proximity to the Market and Water Street parking garages, ensuring easy access for employees and clients. This is a rare opportunity to secure prime office space in a thriving downtown location. The multiple tenancy structure allows for flexibility, making it ideal for businesses of various sizes. Contact us today to schedule a viewing and secure your space in this sought-after Charlottesville location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GreenBlue Sustainability Organization mau productions Photography Service core Real Estate Agency Forsyth Bob Financial Advisor Sustainable Packaging Coalition Sustainability Organization

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4776442
    Latitude
    38.0288229

    Nearby Similar for Lease

    • $1,000 /Mo
      95 SF

      Furnished Office Spaces Available

      Furnished office spaces with all-inclusive rates in Charlottesville, VA.
      1010 Ednam Ctr Dr, Charlottesville, VA
      View Details
    • $775 /Mo
      265 SF

      Pantops Office Suite For Rent

      Two-room office suite in convenient Pantops location near Martha Jefferson.
      1650 State Farm Blvd, Charlottesville, VA 22911
      View Details
    • $24 SF/Yr
      1,053 SF

      Office Space on Ivy Road

      Flexible office space available for rent near UVA.
      2281 Ivy Rd, Charlottesville, VA 22903
      View Details
    • $3,200 /Mo
      1,625 SF

      Retail Space with Shared Amenities

      Retail space featuring shared kitchen, bathrooms, and utility area.
      1135 Millmont St, Charlottesville, VA 22903
      View Details
    • $425 /Mo
      130 SF

      Second Floor Office Space Available

      130 SF office space for rent, utilities included.
      302 Park St, Charlottesville, VA 22902
      View Details
    • $1,600 /Mo
      1,440 SF

      Crozet Office, Medical, or Spa

      Courtyard office space in Crozet, ready for immediate occupancy.
      580 Radford Ln, Charlottesville, VA 22903
      View Details
    • $21 SF/Yr
      2,417 SF

      Divisible Office Space Available

      Office space for rent, can be divided or combined.
      204-228 E High St, Charlottesville, VA 22902
      View Details
    • $25 SF/Yr
      560 SF

      Small Office Space For Rent

      Small office space with reception and kitchen area available.
      325 Four Leaf Ln, Charlottesville, VA 22903
      View Details
    • $16 SF/Yr
      1,450 SF

      Office Suite with Parking

      First-floor office suite featuring a reception area and conference room.
      1408-1410 Greenbrier Pl, Charlottesville, VA 22901
      View Details
    • $26 SF/Yr
      2,161 SF

      Retail Space Near UVA Grounds

      Retail space available near Barracks Road Shopping Center and UVA.
      1035-1051 Millmont St, Charlottesville, VA 22903
      View Details
    • Contact for pricing
      520 SF

      West Main Street Storefront

      Storefront with patio seating and great visibility on Main Street.
      600-616 W Main St, Charlottesville, VA 22902
      View Details
    • Contact for pricing
      1,361 SF

      Premier Retail Destination in Charlottesville

      Retail space available in established Charlottesville shopping center.
      1929-1935 Arlington Blvd, Charlottesville, VA 22903
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Two suites available, prime location.
    Where is this office property / space located?
    The property is located at 600 Water St Charlottesville, VA.
    What are key features of this property?
    This property features: Two suites available for lease, ranging from 892 to 2,469 square feet.; Prime location one block from the Downtown Mall.; Beautiful, well-lit space with extensive glass facades.
    (434) 234-8417 Call to check price and availability
    Request Owner's contact information
    600 Water St 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.
    600 Water St
    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
    600 Water St 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jenny Stoner
    Jenny Stoner
    (434) 234-8417 (434) 234-8460 (434) 989-1120
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!