2218 IvyCharlottesville, VA 22903

  • Retail properties
  • 25,589 SF
Off market
$8,890,200 Estimated

Property Details for 2218 Ivy

Year built
1990
Lot size
1.72 AC
Property size (Sq ft)
25,589 SF
Zone code
HIGHWAY COMMERCIAL
Property type
Retail properties
Property subtype
Strip malls
APN
06000-00-00-040C1
APU
060000000040C1

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,952,953
    6.5%
    $8,264,264
    7%
    $7,673,960
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,892,987
    Geo Method
    $12,892,987
  • Alternative Use

    Use
    Valuation
    Residential
    $6,971,216
    Hospitality
    $6,385,596
    Educational
    $5,312,742
    Medical
    $5,495,454
    Retail
    $8,264,264
2218 Ivy, Charlottesville, Virginia

Location Insight

City
Charlottesville
County
Albemarle
State
Virginia
Latitude
38.0447
Longitude
-78.5168
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
2024
-
$1,798,400
$7,091,800
$8,890,200
-
$1,798,400
$7,091,800
$8,890,200

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