Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    400 Westfield Rd Charlottesville, VA 22901

    Sponsored
    For Sale
    Contact for pricing

    Rare 83-acre Charlottesville warehouse site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 83-acre industrial property, located at 400 Westfield Road in Charlottesville, Virginia (zip code 22901), presents a unique investment opportunity. Situated in Albemarle County, this warehouse site is the last available lot on Westfield Road and offers significant potential. The property requires site plan approval before development can commence. Priced below assessed value, the seller is highly motivated to facilitate a quick sale. The location within an Opportunity Zone provides additional tax advantages for qualified investors. This is a rare opportunity, as very little similarly zoned land remains available in Charlottesville. The property's size and zoning flexibility are key highlights. The seller is open to considering splitting the property. One option involves dividing the land into two parcels: an 83-acre lot for $885,000 and a smaller 0.32-acre lot for $345,000. Alternatively, the property could be subdivided into two approximately 0.575-acre sites, each priced at $575,000. This flexibility allows for various development scenarios, catering to diverse investor needs and project scales. Don't miss this chance to acquire a prime industrial site in a thriving Virginia market. Contact us today to explore this compelling investment opportunity further.

    Property Features for 400 Westfield Rd

    General Information

    Property type
    Distribution properties

    HighLights

    • 83‑acre industrial land in Charlottesville, VA (22901), located on Westfield Road.
    • Last available lot on Westfield Road; requires site plan approval.
    • Priced below assessed value; seller motivated for quick sale; located in an Opportunity Zone.
    • Zoned for flexible industrial development; rarely available land in this area.
    • Seller open to splitting: 83‑acre parcel for $885,000 or two ~0.575‑acre parcels at $575,000 each, or an 83‑acre and a 0.32‑acre parcel for $885,000 and $345,000 respectively.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    Albemarle
    State
    Virginia
    Longitude
    -78.48474
    Latitude
    38.073653

    Nearby Similar for Sale

    • $675,000
      Pending

      Charlottesville Brick Ranch Duplex

      Income-producing duplex in Rugby area, convertible to single-family home.
      1514 Westwood Rd, Charlottesville, VA 22903
      View Details
    • $675,000
      Pending

      Charlottesville Brick Ranch Duplex

      Income-producing duplex in Rugby area, convert to single-family possible.
      1514 Westwood Rd, Charlottesville, VA 22903
      View Details
    • $675,000
      Pending

      Charlottesville Duplex with Income Potential

      Brick duplex in Rugby area with income-producing basement apartments.
      1514 Westwood Rd #A, Charlottesville, VA 22903
      View Details
    • $845,000
      Pending

      Charlottesville Brick Duplex Near UVA

      Brick duplex with updated kitchens and baths, close to UVA.
      2405 Jefferson Park Ave, Charlottesville, VA 22903
      View Details
    • $650,000
      1,950 SF

      Charlottesville Duplex Near University

      Rented duplex near university with long-term tenant.
      821 Cabell Ave, Charlottesville, VA 22903
      View Details
    • New
      $695,000
      2,240 SF

      Spacious Duplex in Quiet Neighborhood

      Turnkey investment: spacious duplex with long-term tenants, close to UVA.
      158 Buckingham Cir, Charlottesville, VA 22903
      View Details
    • $1,425,000
      7,334 SF

      Versatile Commercial Property in Charlottesville

      Spacious property with mixed-use zoning in downtown Charlottesville, Virginia.
      218 Ridge St, Charlottesville, VA 22902
      View Details
    • $749,000
      3,809 SF

      Spacious Duplex in Dunlora Forest

      Pristine, low-maintenance duplex with over 3,000 sq ft near Downtown.
      1614 Sawgrass Ct, Charlottesville, VA 22901
      View Details
    • $1,400,000
      2,285 SF

      Turnkey Restaurant Opportunity on Fontaine

      Restaurant property with high visibility, parking, and outdoor seating.
      2206 Fontaine Ave, Charlottesville, VA 22903
      View Details
    • $625,000
      1,822 SF

      Dunlora Forest Home: One-Level Living

      Comfortable and convenient 2-bedroom home near shopping and UVA.
      1620 Sawgrass Ct, Charlottesville, VA 22901
      View Details
    • $389,900
      1,964 SF

      Renovated Home in Wynridge/Rio Area

      Updated 3-bedroom home with modern amenities in a prime location.
      1511 Westfield Ct, Charlottesville, VA 22901
      View Details
    • $199,000

      Renovated Condo Near Shopping Center

      Spacious, renovated 2BR/1BA condo with new features and convenient location.
      2517 Hydraulic Rd, Charlottesville, VA 22901
      View Details

    FAQs

    What type of property is this?
    Distribution property - Rare 83-acre Charlottesville warehouse site.
    Where is this distribution property located?
    The property is located at 400 Westfield Rd Charlottesville, VA.
    What are key features of this property?
    This property features: 83-acre industrial land in Charlottesville, VA (22901), located on Westfield Road.; Last available lot on Westfield Road; requires site plan approval.; Priced below assessed value; seller motivated for quick sale; located in an Opportunity Zone.
    Request Owner's contact information
    400 Westfield Rd Charlottesville, VA 22901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Westfield Rd
    Charlottesville, VA 22901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    400 Westfield Rd Charlottesville, VA 22901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.