1201 MainCharlottesville, VA 22903

  • Hospitality properties
  • 111,306 SF
Off market
$23,819,100 Estimated

Property Details for 1201 Main

Year built
1999
Lot size
1.08 AC
Property size (Sq ft)
111,306 SF
Zone code
CX-8
Property type
Hospitality properties
Property subtype
Hotels
APN
100056000
APU
100056000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $30,090,462
    6.5%
    $27,775,810
    7%
    $25,791,824
  • Comparable approach

    Method
    Valuation
    Relative Method
    $52,298,124
    Geo Method
    $52,298,124
  • Alternative Use

    Use
    Valuation
    Residential
    $30,323,116
    Hospitality
    $27,775,810
    Educational
    $23,109,148
    Medical
    $23,903,908
    Retail
    $35,947,564
1201 Main, Charlottesville, Virginia

Location Insight

City
Charlottesville
County
Charlottesville City
State
Virginia
Latitude
38.0336
Longitude
-78.497
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
$232,984
$5,330,600
$18,488,500
$23,819,100
-
$5,330,600
$18,488,500
$23,819,100

FAQs

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