Motel 6 Lodging
For Sale
Contact for pricing
25 N LITTLE CHURCH ST, Petersburg, VA 23803
Motel 6 lodging property in Petersburg, Virginia, constructed in 1994.
Property Size21,531 SF
Price / SF$109.14
Days on Market138
Property Features for 25 N LITTLE CHURCH ST
General Information
Standard status
Active
Size
21,531 SF
Property subtype
Hospitality
Investment Type
Value Add
Building Details
Year Built
1994
Year Renovated
2019
Stories
2
Listing Agency:
Connolly Investments
Listed By:
Katherine Connolly · License #365302
Source:
Crexi
Added: Jun 5
Changed: Oct 12
Last Checked: Oct 19 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Connolly Investments
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Investment Insights
Based on property information with market context.
This Motel 6 property contains 21,531 square feet and was constructed in 1994. The asset is located at 25 N Little Church St in Petersburg, Virginia, with the property identified as a motel within the hospitality sector.
Key Highlights
- Motel 6 property in Petersburg, Virginia
- 21,531 square feet of property area
- Constructed in 1994
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,687
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,193,740
$2.2M
Cap Rate 7%
$1,566,957
$1.6M
Cap Rate 9%
$1,218,744
$1.2M
Market Conditions
NOI Build-Up for 21,531 SF
Gross rent
$323.0K $15.00/SF
− Vacancy
−$92.0K −$4.28/SF
EGI
$230.9K $10.73/SF
− OpEx
−$121.2K −$5.63/SF
NOI
$109.7K $5.09/SF
Area
Petersburg County, VA
Vacancy
28.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,193,740
Cap Rate 7%
$1,566,957
Cap Rate 9%
$1,218,744
Alternative Uses
Best Use
Hotel Hospitality
$1.57M
$1.37M – $1.83M
NOI $109,687 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $348,207 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23803, VA
44,377
Population
19,826
Households
2.2
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
72.2 sq mi
ZIP Area
615
Density / Sq Mi
$55,820
Median Household Income
$35,122
Median Earnings
$1,132
Median Rent
$208,700
Median Home Value
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- The SPOT Event Center — 133a N Sycamore St, Petersburg, VA 23803
Frequently Asked Questions
What type of property is this?
Motel - Motel 6 lodging property in Petersburg, Virginia, constructed in 1994.
Where is this motel located?
The property is located at 25 N LITTLE CHURCH ST Petersburg, VA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Motel 6 property in Petersburg, Virginia; 21,531 square feet of property area; Constructed in 1994
