Technical
Financial
Distress signals
Property profile

1215 E Market St Charlottesville, VA 22902

FOR LEASE
Distribution centers
Property ID
US87-1474559
26,150 SF 4 ac lot Built 1989
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional office property, located at 1215 E. Market Street in Charlottesville, Virginia, offers a variety of flexible spaces ideal for businesses of all sizes. The building, classified as Class B, boasts a total of 68,049 square feet situated on a generous 4.01-acre lot. Multiple tenancy options are available, with a minimum divisible space of 1,300 square feet and a maximum contiguous space of 6,000 square feet. Currently, 6,000 square feet of space is immediately available. The property is conveniently located in downtown Charlottesville, providing easy access to Routes 250 and 64. Ample on-site parking is a significant benefit, eliminating the challenges of finding parking in a busy urban environment. Furthermore, the prominent location on E. Market Street offers excellent signage opportunities for enhanced visibility and brand recognition. This versatile property is perfect for businesses seeking a well-maintained, conveniently located office space in a thriving city. The property is categorized as both Traditional and Executive Office space, catering to a wide range of business needs. The zip code is 22902, and the property is in Albemarle County.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1989
Total area 26,150 SF
Lot 4 ac (174,240 SF)
Zoning code CX-5
APN 540255000
UPID US87-1474559

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement HVAC Service
  • Big Box & Wholesale Store Construction Company
  • Construction Company General Contractor

Location

1215 E Market St Charlottesville, VA 22902
Charlottesville metro Census 302 CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$985k

Owner & transaction history

Zoning & alternative use

CX-5 · Charlottesville, VA
Zoning description

CX-5 Corridor Mixed Use 5 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…

General category MIXED_USE
Top alternative use upside
Industrial (general) $1.6M +23.0%

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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More about this property
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