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    2636 Hydraulic Rd Charlottesville, VA 22901
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    Property profile & analytics

    2636 Hydraulic Rd, Charlottesville, VA 22901

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    • Commercial real estate
    • 0.99 lot acres
    Off-Market
    Property ID
    US87-0862075
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2636 Hydraulic Rd

    Lot size
    0.99 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.99-acre parcel located at 2636 Hydraulic Road in Charlottesville, Virginia, presents a unique investment opportunity. Currently zoned R-2, this property offers significant potential for development. The land is situated in Albemarle County, zip code 22901, and boasts a prime location within a comprehensively planned area designated for Urban Density Residential development. An existing 18-unit concept plan is available, showcasing the property's capacity for multi-family residential construction. The asking price for this versatile land is $500,000. With its convenient location in Charlottesville and its potential for high-density residential development, this property represents a compelling investment opportunity for developers seeking to capitalize on the growing demand for housing in this vibrant area. The property's R-2 zoning provides flexibility for various residential projects, making it an attractive prospect for both experienced developers and those new to the market. Detailed zoning information and the existing 18-unit concept plan are available upon request. This is a rare opportunity to acquire a sizable, well-located parcel in a thriving community. Don't miss out on this chance to build your next successful project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4984796
    Latitude
    38.0709943

    Comparable in this City

    • $780,000
      Pending

      Residential Income Property with Two Homes

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      3,298 SF

      Albemarle County Investment Opportunity

      Two residences on 7.9 acres in Albemarle County.
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    • New
      $262,000

      First-Floor 2BR/2BA Condo

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      114 Turtle Creek Rd, Charlottesville, VA 22901
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    • $7,560,000
      2.54 Acres

      Development Parcel Near Whole Foods

      2.54 acre commercial parcel available by right in Charlottesville.
      India Rd, Charlottesville, VA 22901
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    • $500,000

      Land for Sale

      Land available near Wegmans in Charlottesville, Virginia.
      2647 Penny Ln, Charlottesville, VA 22901
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      Charlottesville Fashion Square Redevelopment Opportunity

      Redevelopment opportunity in Charlottesville Fashion Square on Rio Rd.
      1600 Rio Rd E, Charlottesville, VA 22901
      View Details

    Similar Nearby for Sale

    • $780,000
      Pending

      Residential Income Property with Two Homes

      Two separate residences on a sizable lot offer a contractor or investor rehab-and-rent opportunity.
      1704 Old Brook Rd, Charlottesville, VA 22901
      View Details
    • Contact for pricing
      3,298 SF

      Albemarle County Investment Opportunity

      Two residences on 7.9 acres in Albemarle County.
      1700-1704 Old Brook Rd, Charlottesville, VA 22901
      View Details
    • New
      $262,000

      First-Floor 2BR/2BA Condo

      Immaculately updated first-floor condo with screened porch and HOA amenities including pools, tennis, and clubhouse fitness.
      114 Turtle Creek Rd, Charlottesville, VA 22901
      View Details
    • $7,560,000
      2.54 Acres

      Development Parcel Near Whole Foods

      2.54 acre commercial parcel available by right in Charlottesville.
      India Rd, Charlottesville, VA 22901
      View Details
    • $500,000

      Land for Sale

      Land available near Wegmans in Charlottesville, Virginia.
      2647 Penny Ln, Charlottesville, VA 22901
      View Details
    • Contact for pricing

      Charlottesville Fashion Square Redevelopment Opportunity

      Redevelopment opportunity in Charlottesville Fashion Square on Rio Rd.
      1600 Rio Rd E, Charlottesville, VA 22901
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Charlottesville Restaurant with Drive-Thru

      Equipped restaurant with drive-thru in booming Charlottesville area.
      1192 Richmond Rd, Charlottesville, VA 22901
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      2,977 SF

      Class A Office Condo Rental

      Class A office condo with offices, conference room, and balcony.
      941 Glenwood Station Ln, Charlottesville, VA 22901
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      1,535 SF

      First Level Office Space Available

      Office space with five offices, reception, and street signage.
      889 Rio Ct E, Charlottesville, VA 22901
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      1,077 SF

      Second Floor Office Space Available

      Office space available above Marks & Harrison, ready for occupancy.
      440 Premier Cir, Charlottesville, VA 22901
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      4,500 SF

      Modern Office Building For Lease

      Move-in-ready office spaces with excellent access and ample parking.
      375 Greenbrier Dr, Charlottesville, VA 22901
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    • Contact for pricing

      Prime Location Office/Retail Space

      Highly visible 1,200 SF space near Stonefield Shopping Center.
      2401 Hydraulic Rd, Charlottesville, VA 22901
      View Details
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    Charlottesville, VA 22901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2636 Hydraulic Rd, Charlottesville, VA, 22901
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