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 Market91
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: Sep 3
Last Checked: Sep 2 at 3:51PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,687
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Questions? Ask Rey
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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
