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Property profile & analytics
OFF-MARKET
Turn key restaurants
1648 Rio E Rd Charlottesville, VA 22901-1408
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-1160849
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2010
Total area
7,257 SF
Lot
2.07 ac (90,169 SF)
Zoning code
PLANNED DEV. SHP. CNTR.
APN
06100-00-00-13300
UPID
US87-1160849
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
-
Charlottesville Real Estate Buzz Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Home Depot USA INC · 2 yrs held
Home Depot USA INC
since 2024
7 recorded transactions
Zoning & alternative use
PLANNED DEV. SHP. CNTR. · Charlottesville, VA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$3,916,100
Assessed 2024
Previous assessed
$3,881,200
+0.9% YoY
Assessed land
$2,837,100
Assessed improvement
$1,079,000
Land market value
$2,837,100
Improvement market value
$1,079,000
Total market value
$3,916,100
Applied tax rate
1.0000
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
2010
Heating
FORCED AIR
Stories
1
Total area
7,257 SF
Lot
2.07 ac (90,169 SF)
Zoning code
PLANNED DEV. SHP. CNTR.
APN
06100-00-00-13300
UPID
US87-1160849
Jurisdiction
ALBEMARLE
Zoning & alternative use
PLANNED DEV. SHP. CNTR. · Charlottesville, VAZoning 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
Source
Development Code PDF
Building & site characteristics
From public records
Year built
2010
Heating
FORCED AIR
Stories
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Home Depot USA INC
Entity
Free & Clear · 2 yrs held
Mailing address
2130 WHIPPOORWILL RD SE, CHARLOTTESVILLE, VA 22901-8811
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
—
Home Depot USA INC
Pmn Fsm LLC
Assignment Of Agreement Of Sale
—
Jul 1, 2024
$3,750,000
Home Depot USA INC
Pmn Fsm LLC
Special Warranty Deed
—
Jun 21, 2024
$3,750,000
Home Depot USA INC
Acre Duffy LLC
Warranty Deed
$1,000 · Home Depot USA INC
May 1, 2024
—
Fsm Jl LLC
James Callaway Langhorne
Correction Deed
related
—
Apr 1, 2024
—
Mfp Fsm LLC
Montague Family Partnership LP
Assignment Of Agreement Of Sale
—
Mar 29, 2024
—
Acre Duffy LLC
Benjamin M Miller JR
Deed
—
Sep 2, 2022
—
Home Depot U S A INC
Charlottesville Jp 2014 C21 LLC
Ground Lease
related
—
Jun 11, 2021
—
Charlottesville Fashion Square LLC
Wilmington Trust
Deed
—
Feb 23, 2010
—
Benjamin M Miller JR.
Miller Ben M Trust
Quit Claim Deed
related
—
—
—
Charlottesville Fashion Sq LLC
—
Deed Of Trust
related
$50,000,000 · Jp Morgan Chase Bank NA
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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