Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Parham Cir Charlottesville, VA 22902
    Back to Search
    Property profile & analytics

    Parham Cir, Charlottesville, VA 22902

    View on Map
    • Land
    • 1.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Parham Cir

    Lot size
    1.73 lot acres
    Property type
    Land

    Description

    This exceptional commercial property at 953 LANE Avenue S in West Jacksonville presents a unique leasing opportunity. The single-tenant building offers 2,592 square feet of versatile space, ideal for a variety of medical or professional businesses. Situated on a 0.34-acre lot, the property's strategic location provides excellent accessibility and visibility. The building's single-suite configuration offers privacy and control, eliminating the complexities of multi-tenant management. The property's APN is 0075170010. This is a rare chance to acquire a well-positioned, adaptable office space in a thriving West Jacksonville area. The property's size and layout offer significant flexibility for businesses seeking to establish a strong presence in the community. The single-tenant occupancy ensures a streamlined operational environment, minimizing shared space concerns. This is an exceptional opportunity for businesses seeking a prime location with adaptable space to meet their specific needs. Don't miss this chance to secure this desirable West Jacksonville property. The property type is listed as Office and Land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4974
    Latitude
    37.9998

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      201-239 Elliott Ave

      Individual retail properties
      201-239 Elliott Ave, Charlottesville, VA 22902
      View Details
    • Value Estimation by Request
      1.00 Acre

      512 Ridge St

      Land
      512 Ridge St, Charlottesville, VA 22902
      View Details
    • Value Estimation by Request
      24,000 SF

      117 4Th St

      Coworking space
      117 4Th St, Charlottesville, VA 22902
      View Details
    • Value Estimation by Request
      5,271 SF

      100 Ws St, Unit 2A

      COMMERCIAL (GENERAL)
      100 Ws St, Charlottesville, VA 22902-5099
      View Details
    • Value Estimation by Request
      3,000 SF

      1175 5th Spgs Rd

      SHOW ROOM, WAREHOUSE
      1175 5th Spgs Rd, Charlottesville, VA 22902-8785
      View Details
    • Value Estimation by Request
      4,422 SF

      826 Hinton Ave

      COMMERCIAL (GENERAL)
      826 Hinton Ave, Charlottesville, VA 22902-5787
      View Details

    Similar Nearby for Sale

    • $325,000
      Pending

      Residential Lot in Downtown Charlottesville

      Residential lot in a sought-after, walkable downtown neighborhood.
      Saint Charles Ave, Charlottesville, VA 22902
      View Details
    • $425,000

      Vacant Lot Ready for Development

      0.473 acre lot zoned LI, light industrial.
      2004 Pireus Row, Charlottesville, VA 22902
      View Details
    • $129,000
      0.50 Acres

      Residential Land in Oak Hill

      0.50-acre wooded lot near downtown Charlottesville and UVA.
      TBD8 Woodhaven Dr, Charlottesville, VA 22902
      View Details
    • $240,000
      Pending

      Belmont Location Building Lots

      Residential building lots in Charlottesville's desirable Belmont neighborhood.
      Tbd Cherry St, Charlottesville, VA 22902
      View Details
    • New
      $265,000
      0.13 Acres

      Charlottesville Land Opportunity

      Rare, level lot in Belmont, close to amenities.
      Tbd Montrose Ave, Charlottesville, VA 22902
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Charlottesville Restaurant Space Available

      Restaurant space for rent in the heart of Downtown Charlottesville.
      111 E Main St, Charlottesville, VA 22902
      View Details
    • $3,800 /Mo

      Renovated Historic Downtown Office Space

      Upscale renovated office space in historic downtown Charlottesville building.
      211 NE 5Th St, Charlottesville, VA 22902
      View Details
    • Contact for pricing
      2,334 SF

      Office Space For Lease

      Office space available for lease.
      516 Locust Ave, Charlottesville, VA 22902
      View Details
    • Contact for pricing

      Downtown Charlottesville Office Space Available

      Office spaces available in downtown Charlottesville with parking and signage.
      1215 E Market St, Charlottesville, VA 22902
      View Details
    • Contact for pricing

      Charlottesville Commercial Space For Rent

      Commercial space available for rent at 206 W. Market Street.
      206 W Market St, Charlottesville, VA 22902
      View Details
    • Contact for pricing
      4,025 SF

      Charlottesville Office Space For Lease

      4,025 SF office space available for lease.
      401-407 E Water St, Charlottesville, VA 22902
      View Details
    Request Owner's contact information
    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.
    Parham Cir
    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
    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

    Thank You for Inquiry
    Parham Cir, Charlottesville, VA, 22902
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!