Historic Short-Term Rental
For Sale
$1,295,000
7891 Boston Road, Roxboro, NC 27574
An owner-hosted lodging setup pairs six guest bedrooms with a private primary suite.
Property Size5,179 SF
Lot Size6.62 Acres
Price / SF$250.05
Days on Market64
Property Features for 7891 Boston Road
General Information
Standard status
Active
Size
5,179 SF
Lot size
6.62 Acres
Property subtype
Business
Additional Details
Currently Operating
Yes
Amenities
in-ground swimming pool
carport
storage building
patio
Building Details
Year Built
1914
Stories
3
Listing Agency:
West & Woodall Real Estate - D
(919) 382-2000
Listed By:
Bradsher Wilkins · License #362159
(919) 323-5558
Source:
Martihampton
Added: Aug 31
Changed: Oct 29
Last Checked: Oct 29 at 2:54PM
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 West & Woodall Real Estate - D
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Investment Insights
Based on property information with market context.
Merritt-Winstead Manor is a restored, three-story historic estate with 5,179 square feet, seven bedrooms, and 3.5 bathrooms on approximately 6.62 acres. It currently operates as an owner-hosted short-term rental, with six bedrooms for guests and a separate primary suite used by the owner. The interior includes shared living and dining areas, a full kitchen with three ovens and a working island, and gathering space. Exterior features include a circular driveway, parking areas, patios, a carport, a storage building, and an inground pool awaiting restoration.
The property is approximately eight miles north of Roxboro, 30 minutes from Virginia International Raceway, and within 75 minutes’ driving distance of Raleigh-Durham International Airport. Past guests have included motorsports visitors, families, and small groups. Additional business uses would be subject to applicable approvals.
The property is approximately eight miles north of Roxboro, 30 minutes from Virginia International Raceway, and within 75 minutes’ driving distance of Raleigh-Durham International Airport. Past guests have included motorsports visitors, families, and small groups. Additional business uses would be subject to applicable approvals.
Key Highlights
- 5,179‑square‑foot historic estate on approximately 6.62 acres
- Three stories with seven bedrooms and 3.5 bathrooms
- Owner‑hosted short‑term rental uses six guest bedrooms and a private primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,237
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,740
$784.7K
Cap Rate 7%
$560,529
$560.5K
Cap Rate 9%
$435,967
$436.0K
Market Conditions
NOI Build-Up for 5,179 SF
Gross rent
$80.8K $15.60/SF
− Vacancy
−$9.5K −$1.83/SF
EGI
$71.3K $13.77/SF
− OpEx
−$32.1K −$6.20/SF
NOI
$39.2K $7.58/SF
Area
Person County, NC
Vacancy
11.70%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,740
Cap Rate 7%
$560,529
Cap Rate 9%
$435,967
Alternative Uses
Best Use
Apartment 5plus
$560.5K
$490.5K – $654.0K
NOI $39,237 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,065 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
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Business Placement
Demographics for 27574, NC
14,320
Population
6,474
Households
2.2
Avg Household Size
46
Median Age
16%
College-Educated
88%
High-School Grad
191.6 sq mi
ZIP Area
75
Density / Sq Mi
$65,378
Median Household Income
$37,495
Median Earnings
$986
Median Rent
$183,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - An owner-hosted lodging setup pairs six guest bedrooms with a private primary suite.
Where is this short term rental property located?
The property is located at 7891 Boston Road Roxboro, NC.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 5,179‑square‑foot historic estate on approximately 6.62 acres; Three stories with seven bedrooms and 3.5 bathrooms; Owner‑hosted short‑term rental uses six guest bedrooms and a private primary suite
