Technical
Financial
Distress signals
Property profile

218 Water St C-300 Charlottesville, VA 22902

OFF-MARKET
Commercial real estate
Property ID
US87-1547132
7,465 SF
Entity Owned Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Travel Agency
  • Hotel & Motel Resort
  • Condominium Complex
  • General Contractor Waste Management Facility

Location

218 Water St, Unit C-300 Charlottesville, VA 22902-5062
Charlottesville metro Census 1000 CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

Zoning & alternative use

DX · Charlottesville, VA
Zoning description

DX Downtown Mixed Use INDUSTRIAL FLEX IX-5 Industrial Flex 5 IX-8 Industrial Flex 8 SPECIAL CM Campus CV Civic OVERLAY DISTRICTS -FHP Flood Hazard Protection -ADC Architectural Design Control -IPP Individual Protected Pr…

General category MIXED_USE

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 218 Water St, Unit C-300?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message