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    Property profile & analytics

    1531 Rio E Rd Charlottesville, VA 22901-1402

    • Retail properties
    • 104,102 SF
    • 12.39 lot acres
    OFF-MARKET
    Value Estimation
    $3,785,000
    Last Sale
    Jul 01, 2024
    $3,750,000
    Location Intelligence
    Property ID
    US87-1308711
    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.

    Current Use by Public Records

    • Sears Appliance Repair / Furnace Repair Service / Refrigerator Repair Service

    Property Details for 1531 Rio E Rd

    Year built
    1979
    Lot size
    12.39 lot acres
    Property size
    104,102 SF
    Zone code
    PLANNED DEV. SHP. CNTR.
    Property type
    Retail properties
    APN
    06100-00-00-13200
    APU
    6100000013200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,690,000
      6.5%
      $3,945,000
      7%
      $4,010,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,510,000
      Geo Method
      $4,220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,990,000
      Retail
      $4,220,000
      Mixed-Use
      $3,965,000
      Hospitality
      $3,785,000
      Educational
      $4,235,000
      Residential Income
      $3,340,000
      Energy
      $4,225,000
      Income-Based Land
      $3,245,000
      Food Service
      $3,705,000

    Location Insight

    • Map
    • Local Demand
    City
    Charlottesville
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.4737
    Latitude
    38.0789
    CBSA code
    16820
    CBSA name
    CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $6,992,400
    $1,000
    $6,993,400
    -
    $6,992,400
    $1,000
    $6,993,400

    Comparable in this City

    • 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 by Request
      11,783 SF

      490 Westfield Rd

      Office Properties & Spaces • 11,783 SF
      490 Westfield Rd, Charlottesville, VA 22901
      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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      Charlottesville Restaurant with Drive-Thru

      Equipped restaurant with drive-thru in booming Charlottesville area.
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      Hillsdale Village Retail Space

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      1,600 SF

      Retail Spaces For Lease

      Retail spaces available within a grocery-anchored shopping center.
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      3,200 SF

      Rio Hill Center Retail Space

      Retail space available at Rio Hill Shopping Center.
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    • $20 SF/Yr
      6,200 SF

      Albemarle Square: Prime Retail Space

      High-traffic Route 29 restaurant space.
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      View Details
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    Charlottesville, VA 22901-1402
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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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