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Financial
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Property profile

400 Rio Rd Charlottesville, VA 22901

OFF-MARKET
Warehouses
Property ID
US87-0911606
13,878 SF 12.59 ac lot Built 1970
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Property summary

AI-generated overview

This exceptional 13,878-square-foot warehouse, situated on a generous 12.59-acre lot (6.29 acres developed) in Charlottesville, Virginia, presents a compelling investment opportunity. Built in the mid-1970s, the property boasts a desirable Light Industrial zoning designation, allowing for a variety of uses. The warehouse features two dock-high doors and two drive-in doors, ensuring efficient loading and unloading. High ceilings, ranging from 14 to 16 feet, provide ample vertical space for storage or operations. Ample parking is available with 112 spaces. The asking price for this well-located Charlottesville warehouse is $5,000,000, translating to $360.28 per square foot. The property's size, features, and zoning make it an ideal choice for businesses seeking a functional and spacious industrial space in a thriving Virginia market. The address is 400 Rio Rd W, Charlottesville, VA 22901. This offering includes approximately 13,878 square feet of warehouse space, plus an additional 1,500 square feet of garage space.

Property profile

Verified
Property type Warehouses
Year built 1970
Total area 13,878 SF
Lot 12.59 ac (548,420 SF)
UPID US87-0911606

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
  • Telecommunications Service

Location

400 Rio Rd Charlottesville, VA 22901
Charlottesville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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
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