214 High StCharlottesville, VA 22902

Property Details for 214 High St

Year built

1987

Property size (Sq ft)

4,761 SF

Zone code

CX-8

Property type

Office properties

Property subtype

Other office properties

APN

330200600

APU

330200600

Description

This exceptional Charlottesville, VA office building, located at 214 E High St, offers 52,748 square feet of renovated executive office space. Built in 1987 and extensively renovated in 2020, the three-story Class C building features 7,178 square feet of immediately available space, divisible into units ranging from 1,129 to 4,761 contiguous square feet. The property sits on a 1.09-acre lot and boasts abundant natural light, thanks to numerous windows and extensive interior glass. Amenities include six parking spaces and elevators. The building is served by Dominion Power and is zoned DNH. Its prime location in the Central Virginia submarket, specifically the Charlottesville/Albemarle County cluster, offers easy access to the Downtown Mall. Previously occupied by Apex Clean Energy, this property represents a rare opportunity to secure high-quality office space in a desirable location. The APN is 330200101. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,133,167

  6.5%

  $1,046,000

  7%

  $971,286

• Comparable approach

  Method

  Valuation

  Relative Method

  $951,914

  Geo Method

  $951,914

• Alternative Use

  Use

  Valuation

  Residential

  $1,297,040

  Hospitality

  $1,188,082

  Educational

  $988,470

  Medical

  $1,022,465

  Retail

  $1,537,620

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.0323

Longitude

-78.4795

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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