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    968 Olympia Dr Charlottesville, VA 22911

    Sponsored
    For Lease
    $26 SF/Yr

    5,850 SF Class A Office Available

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,850-square-foot Class A office space is situated in the desirable Pantops submarket of Charlottesville, Virginia. Located at 968 Olympia Drive, this first-floor suite is part of a larger, two-story, 12,000-square-foot building constructed in 2019. The property sits on a substantial 78 acres and offers multiple tenancy options. The space is immediately available and is ideal for a variety of uses, including medical, traditional, or executive offices. Its modern design and efficient layout provide a highly functional and attractive workspace. The building's Class A designation reflects its high-quality construction and amenities. The location in Albemarle County, within the vibrant Pantops submarket, offers excellent accessibility and visibility. This is a rare opportunity to secure a significant amount of premium office space in a highly sought-after area of Charlottesville. The property's ample size allows for customization to suit specific business needs. With its convenient location and modern features, this property represents a compelling investment opportunity for businesses seeking a prestigious and functional office environment. The 5,850 square feet represents the maximum contiguous space available, though smaller portions may be considered.

    Property Features for 968 Olympia Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Class
    A
    Total Rate
    26000

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    5,850 SF
    Rate per SF
    $26
    Property Profile Location Intelligence

    Current Use by Public Records

    WW Associates Inc Civil Engineer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    Albemarle
    State
    Virginia
    Longitude
    -78.446646981084
    Latitude
    38.034098829655

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    FAQs

    What type of property is this?
    Medical office - 5,850 SF Class A Office Available
    Where is this medical office located?
    The property is located at 968 Olympia Dr Charlottesville, VA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    Request Owner's contact information
    968 Olympia Dr Charlottesville, VA 22911
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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
    968 Olympia Dr Charlottesville, VA 22911
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