175 Spotnap Rd Charlottesville, VA 22911-8690
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HIGHWAY COMMERCIAL · Charlottesville, VACharlottesville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.