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    490 Westfield Rd Charlottesville, VA 22901

    • Retail properties
    • 11,783 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Hookaholic Lounge / Tobacco Shop / Vaporizer Store
    • Sigora Solar / Solar Energy Company / Solar Energy Equipment Supplier
    • CoinFlip Bitcoin ATM / Business Banking Service / Business To Business Service

    Property Details for 490 Westfield Rd

    Year built
    1960
    Lot size
    0.99 lot acres
    Property size
    11,783 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4835
    Latitude
    38.0721

    Comparable in this City

    • Value Estimation by Request
      200,000 SF

      Us-29

      Retail properties • 200,000 SF
      0 Us-29, Charlottesville, VA 22901
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    • Value Estimation by Request
      124,811 SF

      1581 Rio E Rd

      DEPARTMENT STORE • 124,811 SF
      1581 Rio E Rd, Charlottesville, VA 22901-1402
      View Details
    • Value Estimation
      $3,700,000
      60,000 SF

      1606 Rio E Rd

      DEPARTMENT STORE • 60,000 SF
      1606 Rio E Rd, Charlottesville, VA 22901-1405
      View Details
    • Value Estimation by Request

      29 Hydraulic Rd

      Lifestyle centers
      29 Hydraulic Rd, Charlottesville, VA 22901
      View Details
    • Value Estimation by Request
      19,602 SF

      2223 India Rd

      Individual retail properties • 19,602 SF
      2223 India Rd, Charlottesville, VA 22901
      View Details
    • Value Estimation
      $4,490,000
      67,850 SF

      1639 Rio Rd Ea

      DEPARTMENT STORE • 67,850 SF
      1639 Rio Rd Ea, Charlottesville, VA 22901-1407
      View Details

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    Similar Nearby for Lease

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      5,400 SF

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    490 Westfield Rd
    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
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