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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Turn key restaurants
120 Riverbend Dr Charlottesville, VA 22911-8602
Entity Owned
Free & Clear
Property ID
US87-0996528
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2005
Total area
3,200 SF
Lot
0.48 ac (20,691 SF)
Zoning code
PLANNED DEV. SHP. CNTR.
APN
07800-00-00-017D2
UPID
US87-0996528
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
East Garden Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Commonwealth Of Virginia Department Of Transp
Commonwealth Of Virginia Department Of Transp
since 2026
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
PLANNED DEV. SHP. CNTR. · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Charlottesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlottesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$855,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.07M (Nov 17 2023)
Last sale anchor
$1.07M
Nov 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$308 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,901
Tax year 2024
Assessed value
$1,042,300
Assessed 2024
Previous assessed
$1,010,600
+3.1% YoY
Effective rate
0.85%
On assessed value
Assessed land
$556,200
Assessed improvement
$486,100
Land market value
$556,200
Improvement market value
$486,100
Total market value
$1,042,300
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2005
Heating
HEAT PUMP
Stories
1
Total area
3,200 SF
Lot
0.48 ac (20,691 SF)
Zoning code
PLANNED DEV. SHP. CNTR.
APN
07800-00-00-017D2
UPID
US87-0996528
Jurisdiction
ALBEMARLE
Zoning & alternative use
PLANNED DEV. SHP. CNTR. · Charlottesville, VA
Zoning PLANNED DEV. SHP. CNTR. · permitted uses
PLANNED DEV. SHP. CNTR. · Charlottesville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlottesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
HEAT PUMP
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Commonwealth Of Virginia Department Of Transp
Entity
Free & Clear · 0 yrs held
Mailing address
533 CROFTON VLG TRCE, MIDLOTHIAN, VA 23114-4751
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
$67,406
Commonwealth Of Virginia Department Of Transp
120 Riverbend LLC
Deed
—
Nov 17, 2023
$1,065,000
120 Riverbend LLC
William D Sanders
Deed
—
Sep 18, 2017
—
Colombini Family Trust
Riverbend Drive Land Trct
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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