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Class A Office Condo
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941 Glenwood Station Ln, Charlottesville, VA 22901

Office condo with offices, conference room, and private balcony.

Space Size2,977 SF
Days on Market783

Property Features for 941 Glenwood Station Ln

General Information

Standard status Active
Size 2,977 SF
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 941 Glenwood Station Ln
941 Glenwood Sta Ln, Ste 303 $14.50/SF/Yr
Floor 3
Size 2,977 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE
Class A office condo that include 6 offices, large conference room, and private balcony. Building has large paved parking lot, elevator and common area bathrooms. CAM fees are $6.30/sf ($1,562.93/mo) and include garbage collection, landscape maintenance, parking lot maintenance, snow removal, taxes, building insurance, and water/sewer. This unit shares electric with adjacent unit. Tenant will pay owner 40% of electric each month. Last year, the cost was $250/mo.
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Listing Agency: R.E. III Commercial Properties
Listed By: William L. Howard, CCIM
Source: Moodyscre
Added: Aug 26, 2024 Changed: Oct 11 Last Checked: Oct 16 at 10:14AM

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 R.E. III Commercial Properties

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Investment Insights

Based on property information with market context.

This Class A office condo features 6 offices, a large conference room, and a private balcony. The building includes a large paved parking lot, an elevator, and common area bathrooms. CAM fees are $6.30 per square foot, totaling $1,562.93 monthly, and cover garbage collection, landscape maintenance, parking lot maintenance, snow removal, taxes, building insurance, and water/sewer. The unit shares electric with an adjacent unit, with the tenant responsible for 40% of the monthly electric bill. The electric cost was approximately $250 per month last year.

Key Highlights

  • Class A office condo featuring 6 private offices and a large conference room.
  • Enjoy outdoor space with a private balcony.
  • CAM fees ($1,562.93/mo) cover garbage collection, landscaping, parking lot maintenance, snow removal, taxes, building insurance, and water/sewer.

Property Analytics

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Current Use

Ednam Title LLC Title Company Michael Hancock - Private ... Financial Advisor Joseph Feola - Private ... Financial Advisor Richard Monroe - Associate ... Financial Advisor Paige Ryan - Financial ... Financial Advisor

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Catering Service Storage Facility Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

$6.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

940
Businesses Nearby

Demographics for 22901, VA

36,938
Population
17,648
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
94%
High-School Grad
52.2 sq mi
ZIP Area
708
Density / Sq Mi
$91,154
Median Household Income
$53,766
Median Earnings
$1,612
Median Rent
$473,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Charlottesville, VA

$16.63 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
3,921 SF
Avg Space Size

This space is priced 13% below the average of $16.63 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office units - Office condo with offices, conference room, and private balcony.
Where is this office units located?
The property is located at 941 Glenwood Station Ln Charlottesville, VA.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: Class A office condo featuring **6 private offices and a large conference room**.; Enjoy outdoor space with a **private balcony**.; CAM fees ($1,562.93/mo) cover garbage collection, landscaping, parking lot maintenance, snow removal, taxes, building insurance, and water/sewer.
(434) 906-1240 Call to check price and availability
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