Berkmar Park

Retail-Commercial for Sale
Catylist Listing ID: 30476301
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 43,899 SF
Gross Land Area: 3.79 Acres
Sale Price: $5,900,000
Unit Price: $134.40 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 43,899 SF
Sale Terms: Cash to Seller
Cap Rate: 6.2%
Average Occupancy Rate: 96
Last Updated: 1/16/2020

Overview / Comments

Please contact the agent for more information about this listing.


Finance Data Year 2019
Real Estate Taxes - Annual($) $38,355 (Annual)
Tax Value Land $2,390,600
Tax Value Improvements $2,128,500
Assessed Value - Total($) $4,519,100 (Annual)
Potential Rental Income $493,288 (Annual)
Gross Operating Income $121,849 (Annual)
Net Operating Income $381,939 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Charlottesville
County: Albemarle
Taxing Authority: Albemarle
Tax ID/APN: 489255917394
Retail Clientele: General, Business
Property Located Between: Rio Road and Rt 29
Property Visibility: Excellent
Largest Nearby Street: Route 29
Feet of Frontage: 745
Airports: CHO
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Good
Year Built: 1987
Roof Type: Flat
Construction/Siding: Block, Brick
Total Parking Spaces: 152
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: ACSA
Legal Description: Berkmar Center TM 061U0-02-00-00100 / 061U0-02-00-00200 / 061U0-02-00-00300 / 061U0-02-00-00400 / 061U0-01-00-007A0

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,541 44,087 91,066
Median Age: 36 35.89 34.38
Households: 4,211 18,091 36,071


© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Charlottesville Area Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.