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    Property profile & analytics

    2230 Adial Rd Faber, VA 22938

    • Hospitality properties
    • 3,300 SF
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 2230 Adial Rd

    Lot size
    10.00 lot acres
    Property size
    3,300 SF
    Property type
    Hospitality properties
    Property subtype
    Bed & breakfasts

    Description

    Nestled in the scenic Blue Ridge Mountains of central Virginia, this exceptional 10-bedroom inn offers a unique opportunity. Boasting 3,300 square feet on a 10-acre lot, the property features ample indoor and outdoor spaces perfect for group retreats, individual room rentals, weddings, and other events. Its prime location in Nelson County, close to Wintergreen Resort and numerous wineries and breweries, capitalizes on Virginia's thriving tourism industry. The A1 zoning allows for a variety of uses. This turnkey operation presents an excellent investment opportunity with significant potential for growth. The property's serene setting and stunning mountain views create a haven for guests seeking a tranquil escape. This established business enjoys repeat clientele, demonstrating its appeal and market viability. The property's size and amenities provide ample space for both guest accommodations and event hosting, catering to a diverse range of clientele. The asking price is $700,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Faber
    County
    Nelson
    State
    Virginia
    Longitude
    -78.852
    Latitude
    37.8682

    Comparable in this City

    • Value Estimation by Request
      3,249 SF

      2256 Adial Rd

      Bed & breakfasts • 3,249 SF
      2256 Adial Rd, Faber, VA 22938
      View Details
    • Value Estimation by Request
      0.12 Acres

      68 Post Ofc Ln

      COMMERCIAL (GENERAL) • 0.12 Acres
      68 Post Ofc Ln, Faber, VA 22938-2758
      View Details
    • Value Estimation by Request
      3,690 SF

      60 Post Ofc Ln

      COMMERCIAL (GENERAL) • 3,690 SF
      60 Post Ofc Ln, Faber, VA 22938-2758
      View Details
    • Value Estimation by Request
      2,736 SF

      118 Tidbit Trl

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 2,736 SF
      118 Tidbit Trl, Faber, VA 22938-2660
      View Details
    • Value Estimation by Request
      2,496 SF

      158 Gormes Dr

      OFFICE (GENERAL) • 2,496 SF
      158 Gormes Dr, Faber, VA 22938-2534
      View Details
    • Value Estimation by Request
      6,176 SF

      16859 Thomas Nelson Hwy

      COMMERCIAL (GENERAL) • 6,176 SF
      16859 Thomas Nelson Hwy, Faber, VA 22938
      View Details

    Similar Nearby for Sale

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    • $245,000
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      9.26 acre lot with mountain and lake views.
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    • $795,000
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      94 Acres of Prime Land

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      4.89 acre lot in Nelson County with mountain and lake views.
      Adial Rd, Faber, VA 22938
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    2230 Adial Rd
    Faber, VA 22938
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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