Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    990 Hilton Hts Rd Charlottesville, VA 22901-8393
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    990 Hilton Hts Rd Charlottesville, VA 22901-8393

    View on Map
    • Hotels
    • 177,443 SF
    • 13.08 lot acres
    Off-Market
    Property ID
    US87-0831466
    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
    $1,020,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Root 29 Craft Kitchen & Bar / Restaurant
    • DoubleTree by Hilton Hotel Charlottesville / Hotel & Motel
    • PrezCon / Arcade & Gaming Center / Family Recreation Center

    Property Details for 990 Hilton Hts Rd

    Year built
    1984
    Lot size
    13.08 lot acres
    Property size
    177,443 SF
    Zone code
    HIGHWAY COMMERCIAL
    Property type
    Hotels
    APN
    04500-00-00-068D3
    APU
    045000000068D3

    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
    Albemarle
    State
    Virginia
    Longitude
    -78.4634
    Latitude
    38.1006
    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
    $7,292,400
    $12,149,800
    $19,442,200
    -
    $7,292,400
    $12,149,800
    $19,442,200

    Comparable in this City

    • Value Estimation by Request
      13,216 SF

      1610 Emmet N St

      HOTEL • 13,216 SF
      1610 Emmet N St, Charlottesville, VA 22901-2809
      View Details
    • Value Estimation
      $900,000
      50,515 SF

      2035 India Rd

      HOTEL • 50,515 SF
      2035 India Rd, Charlottesville, VA 22901-2854
      View Details
    • Value Estimation
      $900,000
      114,681 SF

      1901 Emmet N St

      HOTEL • 114,681 SF
      1901 Emmet N St, Charlottesville, VA 22901-2814
      View Details
    • Value Estimation
      $805,000
      52,985 SF

      1600 Emmet N St

      HOTEL • 52,985 SF
      1600 Emmet N St, Charlottesville, VA 22901-2809
      View Details
    • Value Estimation
      $3,795,000
      22,944 SF

      390 Greenbrier Dr

      HOTEL • 22,944 SF
      390 Greenbrier Dr, Charlottesville, VA 22901-1619
      View Details
    • Value Estimation
      $720,000
      79,058 SF

      638 Hillsdale Dr

      HOTEL • 79,058 SF
      638 Hillsdale Dr, Charlottesville, VA 22901-1715
      View Details

    Similar Nearby for Sale

    • $7,560,000
      2.54 Acres

      Charlottesville Development Parcel Near Retail

      2.54 acre commercial land parcel near major retailers.
      India Rd, Charlottesville, VA 22901
      View Details
    • $407,280
      1,836 SF

      Private Offices with Kitchenette For Rent

      Three adjoining private offices with kitchenette, balcony, and common area.
      944 Glenwood Station Ln, Charlottesville, VA 22901
      View Details
    • Contact for pricing

      Charlottesville Fashion Square Redevelopment Opportunity

      Redevelopment opportunity in Charlottesville Fashion Square on Rio Rd.
      1600 Rio Rd E, Charlottesville, VA 22901
      View Details
    • $500,000

      Land for Sale

      Land available near Wegmans in Charlottesville, Virginia.
      2647 Penny Ln, Charlottesville, VA 22901
      View Details
    • $1,450,000

      Commercial Development Land For Sale

      1.07 acre commercial development property with frontage on Hwy 29.
      405 Premier Cir, Charlottesville, VA 22901
      View Details
    • Contact for pricing

      Redevelopment Opportunity on Rio Road

      42.29 acres of land for redevelopment in Charlottesville, VA.
      1535-1636 Rio Rd E, Charlottesville, VA 22901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Location on Route 29

      High-traffic retail space with excellent signage opportunities.
      29 Hydraulic Rd, Charlottesville, VA 22901
      View Details
    • Contact for pricing
      3,225 SF

      Rio Hill Center Retail Space

      Retail space available at Rio Hill Shopping Center.
      1744-1880 Rio Hill Ctr, Charlottesville, VA 22901
      View Details
    • $1,000 /Mo
      800 SF

      Office Space with Vaulted Ceiling

      Office space featuring open layout, kitchenette, and full bath.
      2350 Commonwealth Dr, Charlottesville, VA 22901
      View Details
    • Contact for pricing
      1,600 SF

      Retail Spaces For Lease

      Retail spaces available within a grocery-anchored shopping center.
      1900-1980 Rio Hill Ctr, Charlottesville, VA 22901
      View Details
    • $1.00 SF/Yr

      Charlottesville Restaurant with Drive-Thru

      Equipped restaurant with drive-thru in booming Charlottesville area.
      1192 Richmond Rd, Charlottesville, VA 22901
      View Details
    • Contact for pricing

      Flex Space Available For Rent

      Flex space available for rent, move-in January 2026.
      2335 Seminole Ln, Charlottesville, VA 22901
      View Details
    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.
    990 Hilton Hts Rd
    Charlottesville, VA 22901-8393
    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!