401 Main St, Unit 7 Charlottesville, VA 22902-5235
Property Lookup
Property profile & analytics
401 Main St, Unit 7 Charlottesville, VA 22902-5235
- Retail space
- 17,113 SF
- 0.11 lot acres
Property ID
US87-1374230
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.
Location Intelligence
Current Use by Public Records
- Lazeez Modern Indian Flair / Restaurant
Property Details for 401 Main St
- Year built
- 1963
- Lot size
- 0.11 lot acres
- Property size
- 17,113 SF
- Zone code
- DX
- Property type
- Retail space
- APN
- 530059000
- APU
- 530059000
Description
This exceptional investment opportunity presents a 86,152 square foot telecom/data center located at 401-419 W Main St, Charlottesville, VA 22903. The property, situated on 1.1 acres, boasts a 100% occupancy rate with a single tenant, Brightspeed, a subsidiary of Apollo Global Management, under a 20-year absolute net sale-leaseback agreement. The annual rent is $861,520, translating to a $10 per square foot rate and a compelling 5.75% capitalization rate. The asking price is $14,982,956, resulting in a price per square foot of $173.91. The building, designated as a historic landmark on the National Register of Historic Places, serves as a critical central office for Brightspeed's fiber network, having operated continuously for over 70 years. The property features 52 parking spaces and is zoned CX-5. Its prime location on West Main Street connects Charlottesville's Downtown Mall and the University of Virginia, benefiting from a highly educated workforce and a thriving local economy. The sale includes rent bumps. This is a rare opportunity to acquire a mission-critical asset in a desirable location with a strong, long-term tenant. The Charlottesville MSA boasts a population exceeding 225,000 residents and a robust economy fueled by the University of Virginia and a growing defense industry.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $415,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $810,000
Market price range: $596k - $1.84M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,025,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlottesville
- County
- Charlottesville City
- State
- Virginia
- Longitude
- -78.479
- Latitude
- 38.0302
- CBSA code
- 16820
- CBSA name
- CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,657
$1,098,600
$2,126,100
$3,224,700
-
$1,098,600
$2,126,100
$3,224,700
