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    401 Market St Charlottesville, VA 22902

    Sponsored
    For Lease
    $23 SF/Yr ($19,166 /Mo)

    Downtown Charlottesville office space available

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Class A office building, located at 401 E Market St in Charlottesville, VA 22902, offers a prime location in the heart of the city. The 10,000 square foot building, constructed in 1957 and renovated in 1999, boasts a striking skylighted atrium connecting two buildings. Currently, one executive suite is available, measuring 375 square feet. This suite is part of a larger complex with a total of two suites. The building features a single hydraulic elevator and is conveniently located one block from the courthouses and the downtown pedestrian mall, across from a parking structure, and two blocks from another. Amenities include a central reception area, mail and package receiving, a large shared conference room, and a full kitchen. Optional add-ons for tenants include phone service with voicemail and internet access. The building's zoning is DH. This exceptional opportunity provides immediate access to the vibrant downtown Charlottesville area, offering unparalleled convenience and accessibility for businesses. The suite is part of a larger, unified structure exceeding 60,000 square feet, establishing it as a premier commercial office location.

    Property Features for 401 Market St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Class
    A
    Total Rate
    19166.67

    Building Details

    Year Built/Renovated
    1957/1999

    Unit(s) available at that property

    Space
    Executive Suite #26
    Size
    375 SF
    Rate per SF
    $23

    HighLights

    • Prime downtown Charlottesville location at 401 E Market St.
    • Ideal alternative to a home office.
    • Includes access to full kitchen and conference room.
    • One block from Market Street parking garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Enterprise Center Business Center Kaelber, Billmyer & Kaelber, ... Tax Consultant Affiliated Spartan SR-22 ... Insurance Company FedEx Drop Box Mailing Service Thomas Long - Morgan ... Financial Consultant

    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
    Albemarle
    State
    Virginia
    Longitude
    -78.478591302505
    Latitude
    38.030738088614

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Charlottesville office space available
    Where is this office property / space located?
    The property is located at 401 Market St Charlottesville, VA.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Charlottesville location at 401 E Market St.; Ideal alternative to a home office.; Includes access to full kitchen and conference room.
    Request Owner's contact information
    401 Market St 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
    401 Market St Charlottesville, VA 22902
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