Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    18021-18027 Virgil H Goode Hwy Rocky Mount, VA 24151

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    Remodeled 16-unit motel with diner, new HVAC and roof.

    Property size:
    7,513 SF
    Lot size:
    1.61 Acres

    Property Features for 18021-18027 Virgil H Goode Hwy

    General Information

    Size
    7,513 SF
    Lot size
    1.61 Acres

    Source: Poe & Cronk Real Estate Group Agent Trent Weaver

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

    Overview

    Remodeled Motel and Diner Property

    The property at 18021 Virgil Goode Hwy features a 7,513 square foot, 16-unit motel that is being completely remodeled. The renovation includes new HVAC units, vinyl plank flooring, and new bathrooms, with everything redone to the bare walls. The building has a new roof and guttering, as well as a new sewer line connection. Additionally, the property at 18027 Virgil Goode Hwy includes a diner, currently under lease for $1,250 per month with yearly options through the end of 2026. The rent rate for 2025 and 2026 is $1,500 per month.
    Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Building Supply Wholesale Shop Hotel & Motel Auto Repair Shop Auto Parts Store Discount Store Bakery Garden Center Nursing Home

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

    Similar Places Nearby

    Hometown Inn, Redwood Motel

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Franklin
    State
    Virginia
    Longitude
    -79.8769283
    Latitude
    37.0433108

    Nearby Similar for Sale

    • New
      $269,900
      0.56 Acres

      Rocky Mount Triplex For Sale

      Three-unit brick triplex with detached garages and good rental history.
      1715 Ball Park Rd, Rocky Mount, VA 24151
      View Details
    • $239,900
      0.42 Acres

      Rocky Mount Triplex Investment Opportunity

      Cash-flowing triplex in Rocky Mount, ideal for investors.
      5306 Franklin St, Rocky Mount, VA 24151
      View Details
    • $235,000
      0.14 Acres

      Rocky Mount Duplex For Sale

      Fully rented duplex in Rocky Mount, VA with positive cashflow.
      85 Wilson St, Rocky Mount, VA 24151
      View Details
    • $249,900
      6.95 Acres

      Rocky Mount Multi-Family Investment

      Seven-unit property with expansion potential on nearly 7 acres.
      3004 Fork Mountain Rd, Rocky Mount, VA 24151
      View Details
    • $259,950
      1,186 SF

      Renovated Home on Spacious Acreage

      Move-in ready 3-bedroom home with new features on 1.93 acres.
      4306 Fork Mountain Rd, Rocky Mount, VA 24151
      View Details
    • $2,500,000
      77,192 SF

      Industrial Facility on 11.4 Acres

      79,190 SF light industrial facility on 11.4 acres.
      685 Tripple Creek Rd, Rocky Mount, VA 24151
      View Details

    FAQs

    What type of property is this?
    Motel - Remodeled 16-unit motel with diner, new HVAC and roof.
    Where is this motel located?
    The property is located at 18021-18027 Virgil H Goode Hwy Rocky Mount, VA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Completely remodeled 16-unit motel with all new interiors including HVAC, flooring, and bathrooms.; - Existing diner on the property generates $1,250/month income with lease options through 2026 (increasing to $1,500/month in 2025 and 2026).; - New roof and guttering.
    (540) 982-2444
    Request Owner's contact information
    18021-18027 Virgil H Goode Hwy Rocky Mount, VA 24151
    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.
    18021-18027 Virgil H Goode Hwy
    Rocky Mount, VA 24151
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    18021-18027 Virgil H Goode Hwy Rocky Mount, VA 24151
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.