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Property profile & analytics
OFF-MARKET
Commercial real estate

218 Water St C-300 Charlottesville, VA 22902-5062

7,465 SF
Entity Owned Free & Clear
Property ID
US87-1547132
Property summary
AI-generated overview

This exceptional Class A executive office space, located at 218 W Water St in Charlottesville, VA 22902, offers unparalleled flexibility and prime location. The Waterhouse EH2 building, encompassing 140,064 square feet across six stories, presents a unique opportunity. Currently, 13,705 square feet of vacant space is available, divisible into units ranging from 1,390 to 12,315 contiguous square feet, perfect for businesses of various sizes. The space, situated on the second floor and mezzanine, previously occupied by World Strides, boasts a striking design featuring large, ceiling-height windows, flooding the area with natural light. This is the first time this specific configuration is available for purchase. The 0.71-acre lot (31,048 square feet) is zoned WSH. The building features one parking space per 1000 square feet of rentable space. This property presents a rare chance to acquire a highly desirable, adaptable office space in a vibrant Charlottesville location. The APN is 280084000. This is a single building property.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 7,465 SF
Zoning code DX
APN 280084F00
UPID US87-1547132
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
  • FLAG Foundation Charitable Organization Social Service Agency
  • WorldStrides Travel Agency
  • international collegiate theatre festival Hotel & Motel Resort
  • The RESIDENCES AT 218 Condominium Complex
  • Pro Dumpster Rental Company General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
WATER STREET INVESTORS, LLC
WATER STREET INVESTORS, LLC
Zoning & alternative use
DX · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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