Monticello Road LLC Acquires Belmont Market Building From Jefferson Street Properties LLC For $1.2M
834 Monticello Road
$1,200,000
$388/SF
Building Size
3,092 SF
Asset Type
Retail
Closing
May 1, 2026
About this deal
AI
This retail asset, located at 834 Monticello Road in Charlottesville, VA, has a sale price of $1,200,000. The property encompasses a total area of 3,092 square feet, equating to approximately $388 per square foot. The asset was formerly known as the Belmont Market building.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,200,000
- Buyer: Monticello Road, LLC
- Seller: Jefferson Street Properties, LLC
- Brokers: Jenny Stoner, John Pritzlaff & Josephine Williams - Cushman & Wakefield
- Date of Sale: 05/01/2026
Cushman & Wakefield | Thalhimer facilitated the transaction, with Monticello Road, LLC acquiring the historic asset from Jefferson Street Properties, LLC, intending to undertake redevelopment of the property.
On the Map
$1,200,000
$388/SF
Retail
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Players
Charlottesville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93