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Property profile & analytics
FOR SALE
Warehouses
2399 Leake Sq Charlottesville, VA 22911
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-1114150
For Sale
1 / 4
$5,555,000
2399 Leake Sq, Charlottesville, VA 22911
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
4,536 SF
Lot
1.44 ac (62,726 SF)
Zoning code
HIGHWAY COMMERCIAL
APN
032A0-02-00-001D0
UPID
US87-1114150
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
-
MyPlace Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.56M
Owner & transaction history
Saf Nob Leake Square LLC · 4 yrs held
Saf Nob Leake Square LLC
since 2022
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
HIGHWAY COMMERCIAL · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Charlottesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlottesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,920,000
ML approach
$5,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.56M
Range $5.00M – $6.11M · ±10% · vs last sale $6.59M (Mar 1 2022)
Last sale anchor
$6.59M
Mar 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,225 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$58,429
Tax year 2024
Assessed value
$6,841,800
Assessed 2024
Previous assessed
$6,530,800
+4.8% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,175,700
Assessed improvement
$5,666,100
Land market value
$1,175,700
Improvement market value
$5,666,100
Total market value
$6,841,800
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
2000
Heating
HEAT PUMP
Buildings
4
Stories
2
Total area
4,536 SF
Lot
1.44 ac (62,726 SF)
Zoning code
HIGHWAY COMMERCIAL
APN
032A0-02-00-001D0
UPID
US87-1114150
Jurisdiction
ALBEMARLE
Zoning & alternative use
HIGHWAY COMMERCIAL · Charlottesville, VA
Zoning HIGHWAY COMMERCIAL · permitted uses
HIGHWAY COMMERCIAL · Charlottesville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlottesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
HEAT PUMP
Stories
2
Buildings
4
Lot
1.44 ac
Current owner
From public records · entity-resolved
Saf Nob Leake Square LLC
Entity
Mailing address
9718 CHESTNUT RDG DR, WINDERMERE, FL 34786-8943
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$6,586,555
Saf Nob Leake Square LLC
10fss 2399 Leake Sq LLC
Special Warranty Deed
—
Mar 29, 2019
—
10fss 2399 Leake Sq LLC
—
Grant Deed
related
$13,200,000 · Pinnacle Bk
Dec 21, 2018
$3,907,300
10fss 2399 Leake Sq LLC
Pura Vida Rising LLC
Grant Deed
$2,725,000 · Branch Bk&tr
Nov 21, 2017
—
Pura Vida Rising LLC
Leisure Landscapes INC
Grant Deed
related
—
Jul 13, 2016
$2,007,465
Pure Vida Rising LLC
Leisure Landscapes INC
Grant Deed
—
—
—
Pura Vida Rising LLC
—
Deed Of Trust
related
$2,390,000 · Fulton Bk NA
—
—
Leisure Landscapes INC
—
Deed Of Trust
related
$300,000 · Pnc Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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