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.

Financials

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
Zoning: COMMERCIAL, HC
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

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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

Contact

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