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Property profile & analytics
FOR LEASE
Distribution centers

1215 E Market St Charlottesville, VA 22902

26,150 SF 4 ac lot Built 1989
Entity Owned Free & Clear
Property ID
US87-1474559
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Trane Supply Hardware & Home Improvement HVAC Service
  • Construction Materials Group Big Box & Wholesale Store Construction Company
  • Regional Home Ownership Center Construction Company General Contractor
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
1215 EAST MARKET STREET LLC
1215 EAST MARKET STREET LLC
Zoning & alternative use
CX-5 · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $1.6M +23.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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