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Property profile & analytics
OFF-MARKET Estimated value $570,000
Office Spaces

1111 Main St 13 Charlottesville, VA 22903-2821

7,664 SF 0.25 ac lot Built 1824
Entity Owned Free & Clear
Property ID
US87-1515320
Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1824
Total area 7,664 SF
Lot 0.25 ac (10,890 SF)
Zoning code CX-8
APN 100055000
UPID US87-1515320
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • University of Va Med Alum News College University
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
$677k
Blend (final) Blend
$570k
Owner & transaction history
UNIVERSITY VIRGINIA MEDICAL SCHOOL FOUNDATION
UNIVERSITY VIRGINIA MEDICAL SCHOOL FOUNDATION
Zoning & alternative use
CX-8 · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CX-8 Corridor Mixed Use 8 NODE MIXED USE NX-3 Node Mixed Use 3 NX-5 Node Mixed Use 5 NX-8 Node Mixed Use 8 NX-10 Node Mixed Use 10 DX Downtown Mixed Use INDUSTRIAL FLEX IX-5 Industrial Flex 5 IX-8 Industrial Flex 8 SPECIAL CM Campus CV Civic OVERLAY DISTRICTS -FHP Flood Hazard Protection -ADC Architectural Design Control -IPP Individual Protected Properties…

Zone name Corridor Mixed Use 8
General category MIXED_USE
Zone area 94.05 ac
Source Development Code PDF
Top alternative use upside
Auto repair, garage $725,000 +61.9%
Medical building $685,000 +52.2%
Restaurant $665,000 +48.7%
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