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    12208 South Crater Rd Petersburg, VA 23805

    For Sale
    Contact for pricing

    155-room limited service hotel with excellent highway access.

    Property size:
    46,991 SF

    Property Features for 12208 South Crater Rd

    General Information

    Size
    46,991 SF

    Building Details

    Year built
    1987

    Source: Steve Madura Agent Steve Madura

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Hotel with Ample Parking

    This is a 155-room limited service hotel. The property offers ample parking and excellent access and visibility from I-95. The traffic count at I-95 and S. Crater Road is approximately 40,000 vehicles per day. This is a turn-key property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Days Inn by ... Hotel

    Suggested Use

    Restaurant Hotel & Motel Storage Facility Cafe & Coffee Shop Computer & Electronic Repair Convenience Store Pawn Shop Smoke and Vape Shop Tech Support Center Italian Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.3585157
    Latitude
    37.1434193

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    FAQs

    What type of property is this?
    Hotel - 155-room limited service hotel with excellent highway access.
    Where is this hotel located?
    The property is located at 12208 South Crater Rd Petersburg, VA.
    What are key features of this property?
    This property features: - 155 Rooms - Limited Service Hotel; - Excellent Access & Visibility from I-95; - Ample Parking
    (847) 504-2478
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    12208 South Crater Rd Petersburg, VA 23805
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    Petersburg, VA 23805
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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
    12208 South Crater Rd Petersburg, VA 23805
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