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Property profile & analytics
OFF-MARKET Estimated value $775,000
Commercial real estate

175 Spotnap Rd Charlottesville, VA 22911-8690

1,668 SF 1.02 ac lot Built 1940
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-1179798
Property summary
AI-generated overview

This exceptional investment opportunity presents a vacant, 1,676-square-foot flex space located at 175 Spotnap Rd, Charlottesville, VA 22911. The property, situated on a 1.02-acre lot, features a single-story, Class B building constructed in 1940. Currently zoned H-C, this unique site offers significant potential. The existing structure, approximately 1,700 square feet with an additional 282 square feet of basement space, could be repurposed as an office or removed to accommodate further development. The property also includes two storage sheds and a detached three-car garage. Priced at $750,000 ($447.49/sq ft), this property is offered to settle an estate and represents a compelling opportunity for a small service company seeking a great Pantops location adjacent to RSWA on Spotnap Road. The property consists of one unit within a complex of three buildings. This is a price-reduced offering.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction FRAME
Total area 1,668 SF
Lot 1.02 ac (44,518 SF)
Zoning code HIGHWAY COMMERCIAL
APN 07800-00-00-015G0
UPID US87-1179798
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k
Owner & transaction history
Ian J Wren · 1 yrs held
Ian J Wren
since 2025
Last sale
$750,000
1 recorded transaction
2025
$750,000
Zoning & alternative use
HIGHWAY COMMERCIAL · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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