Property profile

400 People Pl Charlottesville, VA 22911

OFF-MARKET
Specialty properties
50,000 SF
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Property summary

AI-generated overview

This exceptional 4-acre, Class A commercial property, located at 400 People Place, offers a unique opportunity for build-to-suit or land lease development. The site is zoned NMD NEIGHBORHOOD MODEL DEVELOPMENT and boasts stunning views of Monticello and the Blue Ridge Mountains. The property includes a total of 50,000 square feet of potential building space, with a minimum divisible unit of 11,920 square feet and a maximum contiguous space of 51,231 square feet – currently entirely vacant. The site is part of Pantops Park, a two-phase development. Phase I, completed in 2008, houses Virginia National Bank. Phase II, where this opportunity resides, is designed to accommodate a variety of office, retail, and professional businesses within a four-story building. The development features a park-like plaza with walking paths and interconnected parking, providing 60 total parking spaces. This build-to-suit or land lease option presents a rare chance to establish a presence in a thriving, well-planned community with an attractive design and convenient amenities. The APN is 07800-00-00-01600.

Property profile

Verified
Property type Specialty properties
Total area 50,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400 People Pl Charlottesville, VA 22911
Charlottesville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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