Technical
Financial
Distress signals
Property profile

827 Cherry Ave Charlottesville, VA 22903

OFF-MARKET
Grocery and convenience stores
Property ID
US87-1692465
2,880 SF 0.51 ac lot Built 1969
Individually Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1969
Total area 2,880 SF
Lot 0.51 ac (22,216 SF)
Zoning code CX-3
APN 300141000
UPID US87-1692465

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
  • Bank Credit Union
  • Grocery & Convenience Store

Location

827 Cherry Ave Charlottesville, VA 22903-3448
Charlottesville metro Census 501 CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

Zoning & alternative use

CX-3 · Charlottesville, VA
Zoning description

CX-3 Corridor Mixed Use 3 CX-5 Corridor Mixed Use 5 CX-8 Corridor Mixed Use 8 NODE MIXED USE NX-3 Node Mixed Use 3 NX-5 Node Mixed Use 5 NX-8 Node Mixed Use 8 NX-10 Node Mixed Use 10 DX Downtown Mixed Use INDUSTRIAL FLEX…

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
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