908 Jefferson StCharlottesville, VA 22902

Property Details for 908 Jefferson St

Year built

1989

Property size (Sq ft)

2,147 SF

Zone code

NX-8

Property type

Office properties

Property subtype

Other office properties

APN

530299100

APU

530299100

Description

This exceptional 870-square-foot office condo is ideally situated in downtown Charlottesville, Virginia, at 908 E Jefferson St, Suite G3. The property, part of a larger one-building complex (8,374 total square feet) constructed in 1989, offers a convenient single-tenant occupancy. The space features three offices and one bathroom, making it perfect for a small medical practice, executive suite, or other professional use. The building is a three-story Class C structure situated on a 1.1-acre lot, zoned DN. Its location provides excellent access to downtown amenities and boasts convenient parking, a significant advantage in a bustling urban setting. The property's address is further identified by its proximity to 9th St NE, and its parcel number is 530299200. Monthly rent is $1305, with additional common area maintenance (CAM) charges of $514.70, totaling $1819.70 per month. This presents a compelling opportunity for businesses seeking a well-located, functional, and efficiently sized office space in a vibrant city center. The property is a single-tenant space within a larger building, offering a blend of privacy and access to shared building amenities. This turnkey solution requires minimal upfront investment and offers immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $511,008

  6.5%

  $471,700

  7%

  $438,007

• Comparable approach

  Method

  Valuation

  Relative Method

  $429,271

  Geo Method

  $429,271

• Alternative Use

  Use

  Valuation

  Residential

  $584,908

  Hospitality

  $535,772

  Educational

  $445,756

  Medical

  $461,086

  Retail

  $693,399

Location Insight

City

Charlottesville

County

Charlottesville City

State

Virginia

Latitude

38.0301

Longitude

-78.474

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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