1422 Sachem PlCharlottesville, VA 22901

Property Details for 1422 Sachem Pl

Year built

1990

Lot size

0.19 AC

Property size (Sq ft)

1,369 SF

Zone code

C1 COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

061W1-02-08-00200

APU

061W1020800200

Description

This exceptional 2,275-square-foot executive office condo is ideally situated in Northern Charlottesville, at 1422 Sachem Place, Unit 1, in the 22901 zip code. The property, built in 1990, is a two-story all-brick building with ample parking. This owner/user investment opportunity boasts a desirable C1 Commercial zoning designation and is conveniently located across the street from Albemarle High School, with nearby restaurants and shopping centers. The property's convenient location also offers easy access to Charlottesville-Albemarle Airport, just three miles away. Currently occupied by a federal government contractor, the space includes a TSSCI (SCIF Space) area. The asking price is $475,000, translating to $208.79 per square foot. The property features one unit within a single building, with a total net rentable area of 2,275 square feet. Showings are available after 5 pm. This is a rare opportunity to acquire a well-located, functional office space with significant potential. The Albemarle County APN is 061W1-02-08-00100.

• CAP approach

  CAP return

  Valuation

  6%

  $325,836

  6.5%

  $300,772

  7%

  $279,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $273,718

  Geo Method

  $273,718

• Alternative Use

  Use

  Valuation

  Residential

  $372,957

  Hospitality

  $341,627

  Educational

  $284,229

  Medical

  $294,004

  Retail

  $442,134

Location Insight

City

Charlottesville

County

Albemarle

State

Virginia

Latitude

38.0753

Longitude

-78.4951

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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