505 Rio Rd W, Charlottesville, VA 22901 Property Records

Albemarle County property record for 505 Rio Rd W, Charlottesville, VA 22901

Property Summary

Property Type	Care Home (Retirement, Nursing, Convalescent)
Details	40,053 sqft · built 1987
Lot Size	11.6 acres (508,345 sqft)
Owner	Company Name on Record
Last Sale	$4,924,500 (Jun 2021)
Tax Bill	$105,066 (2026)
Deeds & Mortgages	Nov 2025 Line of Credit Jun 2021 Sale & Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`04500-00-00-02600`

Property Details

APN / Parcel Number

Primary APN	`04500-00-00-02600`
Alternative APN	`9934`

Interior

Stories	1 Story
Building Area	40,053 sqft Finished Area

Exterior

Year Built	Built 1987
Effective Year Built	Effective 1987
Lot Area	508,345 sqft (11.6 acres)
View / Lot	Proximity to Airport
Patio Area	2,128 sqft
Shed	1 Shed
Shed Area	91 sqft

Utilities, Heating & Cooling

Heating System	Heat Pump
Sewer	Connected

Location & Zoning

Street Address	5050 HERITAGE HALL RD
City	CHARLOTTESVILLE
State	VA
Zip	22901-1905
Property Category	Commercial
Property Type	Commercial > Retail > Care Home (Retirement, Nursing, Convalescent)
Local Zoning Code	R6 RESIDEN
Legal Description	ACREAGE PARCEL A B CHARLOTTESVILLE HEALTH & REHAB
Legal Subdivision	ROBERT W RAY & ASSOC INC
Jurisdiction	ALBEMARLE VA
Township / Civil Division	RIO
Census Block Group	1
Census Block	1000
Census Tract	10702

Owner

Source: Albemarle County records, as of August 18, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	2917 PENN FOREST BLVD, 200, ROANOKE, VA 24018-4304
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Nov 20, 2025	Deed of Trust, Mortgage · Line of Credit KEY BANK NA
Jun 2, 2021	Deed, Transfer · Commercial Mortgage CAPITAL FUNDING
Jun 2, 2021	Deed, Transfer CHICAGO TITLE COMPANY, CHICAGO TITLE INSURANCE CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 2, 2021 · Amount on Record
Deed Sale	Jun 2, 2021 · Amount on Record
Prior Sale	Jan 15, 2009 · Amount on Record
Deed Document Number	20219724
Deed Book / Page	5549 / 723
Record Updated	Sep 20, 2026

November 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ALBEMARLE VA
Property Address	5050 HERITAGE HALL RD, CHARLOTTESVILLE, VA 22901-1905
Transaction Type	Mortgage
Record Updated	Jun 15, 2026
Title Company	MAIN TITLE AGENCY, MADISON TITLE AGENCY

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	400 BOULEVARD OF AMERICAS 401, 401, LAKEWOOD, NJ 08701-4787

Mortgage

Document Number	202500011040
Date	Nov 20, 2025
Instrument	202500011040

Lender

Name	KEY BANK NA
Type	Bank
Address	CLEVELAND, OH 44144

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

June 2021: Deed, Transfer

Document Type	Deed
Jurisdiction	ALBEMARLE VA
Recording Date	Jun 2, 2021
Property Address	5050 HERITAGE HALL RD, CHARLOTTESVILLE, VA 22901-1905
Document Number	005549/723
Book / Page	5549 / 723
Map Reference	MB 1112 PG 499
Instrument Date	May 28, 2021
Instrument	2021-00009724
Transaction Type	Transfer
Record Updated	Jun 15, 2026
Title Company	CHICAGO TITLE INSURANCE CO

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$9,537.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2917 PENN FOREST BLVD # 200, 200, ROANOKE, VA 24018-4304

Mortgage

Document Number	005557/330
Date	Jun 15, 2021
Book Page	5557/330
Instrument	2021-00010542

Lender

Name	CAPITAL FUNDING
Type	Mortgage Company
Address	BALTIMORE, MD 21209

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

June 2021: Deed, Transfer

Document Type	Deed
Jurisdiction	ALBEMARLE VA
Recording Date	Jun 2, 2021
Property Address	505 RIO RD W, CHARLOTTESVILLE, VA 22901-1411
Document Number	5549/723
Book / Page	5549 / 723
Map Reference	MB 1112 PG 499
Instrument Date	May 28, 2021
Instrument	2021-00009724
Transaction Type	Transfer
Record Updated	Jun 23, 2021
Title Company	CHICAGO TITLE COMPANY, CHICAGO TITLE INSURANCE CO

Transaction

Amount	Amount Recorded
Tax	$9,537.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2917 PENN FOREST BLVD # 200, 200, ROANOKE, VA 24018-4304

Tax Assessment & Valuation

Source: Albemarle County assessment roll, as of June 15, 2026

Property Jurisdictions

Type	Name
State	Virginia
County	Albemarle County
Unified School District	Albemarle County Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$105,066.00 (+3.66%)	$11,752,300 (+3.66%) Land $4,625,900 Building $7,126,400	$11,752,300 (+3.66%) Land $4,625,900 Building $7,126,400
2025	$101,354.00 (+15.21%) Additional exemption filed	$11,337,200 (+10.05%) Land $4,625,900 Building $6,711,300	$11,337,200 (+10.05%) Land $4,625,900 Building $6,711,300
2023	$87,973.00 Additional exemption filed	$10,301,400 Land $4,270,100 Building $6,031,300	$10,301,400 Land $4,270,100 Building $6,031,300

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective February 3, 2023 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force
Nearby Flood Claims	1 (2024)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Sep 2024 · Tropical Storm Helene

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 71% of Virginia
Wildfire Likelihood	0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	ACSA URBAN AREA serves 77,408 people · EPA ID VA2003053
Water Source	Purchased surface water from several systems
Last State Inspection	May 2024
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 101 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250

May also be available: T-Mobile, Ting, Verizon.

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