Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1150 5Th St SW Charlottesville, VA 22902
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1150 5Th St SW Charlottesville, VA 22902

    View on Map
    • Grocery and convenience stores
    • 5,200 SF
    For Sale
    $9,200,000
    View Listing →
    Charlottesville Wawa Ground Lease Opportunity For Sale
    $9,200,000
    5,200 SF

    Charlottesville Wawa Ground Lease Opportunity

    New 20-year corporately guaranteed Wawa ground lease for sale.

    1150 5th St SW, Charlottesville, VA 22902
    View Listing
    Property ID
    US87-1387227
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1150 5Th St SW

    Year built
    2024
    Property size
    5,200 SF
    Property type
    Grocery and convenience stores
    Property subtype
    Gas stations

    Description

    Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale a brand new, corporately guaranteed 20-year ground lease opportunity in affluent Charlottesville, Virginia. Wawa, Inc., is an investment-grade entity rated BBB by Fitch and with over $18.9 billion in annual revenue, ranks as the 20th largest privately held company according to Forbes. Operating over 1,000 locations along the East Coast, Wawa is the ninth largest convenience store chain in the United States. The Property is prominently situated on ±1.83 acres at the signalized hard corner of 5th Street SW and 5th Street Station Parkway, approximately 0.5 miles from major regional connector, Interstate 64. The site benefits from high visibility and accessibility at the entrance of 5th Street Station, a 400,000 square foot dominant shopping destination anchored by the MSA’s only Wegman’s. Additionally, its proximity to Interstate 64 (48,000 VPD) makes it a prime stop for travelers seeking gas and other essentials.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Charlottesville
    State
    Virginia
    Longitude
    -78.5016321
    Latitude
    38.0121393

    Comparable in this City

    • $2,595,000
      960 SF

      Downtown Office Building with Parking

      Prime location with on-site parking and attractive brick construction.
      415 4Th St NE, Charlottesville, VA 22902
      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
    • Contact for pricing
      22,148 SF

      Retail Property in Charlottesville, VA

      22,148 SF retail property available for sale.
      641 Thomas Jefferson Pkwy, Charlottesville, VA 22902
      View Details
    • $949,500
      4,399 SF

      Downtown Charlottesville Executive Office

      Prime location, 4,399 sq ft, vacant.
      200 Water St, Charlottesville, VA 22902
      View Details
    • Contact for pricing

      Land Near University of Virginia

      Land suitable for student housing development near UVA.
      715-731 W Main St, Charlottesville, VA 22902
      View Details
    • Contact for pricing
      12,315 SF

      Class A Office Space

      Prime office space with mountain views and convenient parking.
      216-218 W Water St, Charlottesville, VA 22902
      View Details

    Similar Nearby for Sale

    • $2,595,000
      960 SF

      Downtown Office Building with Parking

      Prime location with on-site parking and attractive brick construction.
      415 4Th St NE, Charlottesville, VA 22902
      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
    • Contact for pricing
      22,148 SF

      Retail Property in Charlottesville, VA

      22,148 SF retail property available for sale.
      641 Thomas Jefferson Pkwy, Charlottesville, VA 22902
      View Details
    • $949,500
      4,399 SF

      Downtown Charlottesville Executive Office

      Prime location, 4,399 sq ft, vacant.
      200 Water St, Charlottesville, VA 22902
      View Details
    • Contact for pricing

      Land Near University of Virginia

      Land suitable for student housing development near UVA.
      715-731 W Main St, Charlottesville, VA 22902
      View Details
    • Contact for pricing
      12,315 SF

      Class A Office Space

      Prime office space with mountain views and convenient parking.
      216-218 W Water St, Charlottesville, VA 22902
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Charlottesville Restaurant Space Available

      Restaurant space for rent in the heart of Downtown Charlottesville.
      111 E Main St, Charlottesville, VA 22902
      View Details
    • Contact for pricing
      520 SF

      West Main Street Storefront

      Storefront with patio seating and great visibility on Main Street.
      600-616 W Main St, Charlottesville, VA 22902
      View Details
    • Contact for pricing

      Sustainable Mixed-Use Building in Charlottesville

      State-of-the-art mixed-use building with office and retail opportunities.
      120 Garrett St, Charlottesville, VA 22902
      View Details
    • Contact for pricing

      Downtown Charlottesville Retail/Office Space

      Historical building near Downtown Mall, suitable for retail or office.
      400 E Main St, Charlottesville, VA 22902
      View Details
    • Contact for pricing

      Vibrant Shopping Center in Charlottesville

      Modern shopping destination with diverse retail and dining options.
      5th 5Th St SW, Charlottesville, VA 22902
      View Details
    • Contact for pricing

      Downtown Charlottesville Office Space Available

      Office spaces available in downtown Charlottesville with parking and signage.
      1215 E Market St, Charlottesville, VA 22902
      View Details
    View Listing
    Request Owner's contact information
    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.
    1150 5Th St SW
    Charlottesville, VA 22902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!