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Property profile & analytics
OFF-MARKET Estimated value $1,460,000
Hotels

315 Main St Charlottesville, VA 22903-5537

118,694 SF 1.12 ac lot Built 1957
Entity Owned Absentee Owner Free & Clear
Property ID
US87-1486428
Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1957
Total area 118,694 SF
Lot 1.12 ac (48,787 SF)
Zoning code NX-10
APN 320198000
UPID US87-1486428
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
  • Residence Inn Charlottesville Downtown Hotel & Motel
  • Billy Impressive Towings (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$930k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.99M
Blend (final) Blend
$1.46M
Owner & transaction history
NF IV VA SSCI CHARLOTTESVILLE, LLC
NF IV VA SSCI CHARLOTTESVILLE, LLC
Zoning & alternative use
NX-10 · Charlottesville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

NX-10 Node Mixed Use 10 DX Downtown Mixed Use INDUSTRIAL FLEX IX-5 Industrial Flex 5 IX-8 Industrial Flex 8 SPECIAL CM Campus CV Civic OVERLAY DISTRICTS -FHP Flood Hazard Protection -ADC Architectural Design Control -IPP Individual Protected Properties -HC Historic Conservation -EC Entrance Corridors -NC Core Neighborhood Corridors 2-1 CHARLOTTESVILLE, VA |…

Zone name Node Mixed Use 10
General category MIXED_USE
Zone area 251.27 ac
Source Development Code PDF
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