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    490 Westfield Rd, Unit Suite Charlottesville, VA 22901

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    For Sale
    $2,700,000

    Commercial building with long-term leases on Seminole Trail.

    Property size:
    11,783 SF
    Lot size:
    0.99 Acres

    Property Features for 490 Westfield Rd

    General Information

    Size
    11,783 SF
    Lot size
    0.99 Acres

    Source: REAL ESTATE III, INC. Agent Tim Carson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building with Long-Term Leases

    This is a free-standing commercial building with long-term leases in place. The property is currently leased to a hair salon, church offices, a vape/hookah shop, and for storage purposes. The gross rents are significant. The property is zoned C-1 and is located on the corner of Seminole Trail and US RT29.
    Location Intelligence

    Current Use by Public Records

    Hookaholic Lounge Tobacco Shop Sigora Solar Solar Energy Company CoinFlip Bitcoin ATM Commercial Agent

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.483449
    Latitude
    38.0720572

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    FAQs

    What type of property is this?
    Retail space - Commercial building with long-term leases on Seminole Trail.
    Where is this retail space located?
    The property is located at 490 Westfield Rd, Unit Suite Charlottesville, VA.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Free standing commercial building on corner lot; - Significant gross rents; - Long term leases in place
    (434) 465-0846
    Request Owner's contact information
    490 Westfield Rd, Unit Suite Charlottesville, VA 22901
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    Charlottesville, VA 22901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    490 Westfield Rd, Unit Suite Charlottesville, VA 22901
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