Technical
Financial
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Property profile

1881 Evelyn Byrd Ave Harrisonburg, VA 22801

OFF-MARKET
Hotels
Property ID
US87-2460609
29,652 SF 1.66 ac lot Built 2007
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This fee-simple, 72,310 square-foot Quality Inn in Harrisonburg, VA, is offered at $7,000,000 ($96.81/sq ft, $104,478/key). Built in 2007 and extensively renovated in 2023, this three-story, 67-key hotel boasts a prime location near Interstate 81 and US Route 33, experiencing high daily traffic volume (60,000+ vehicles). Its proximity to James Madison University (less than a mile, 22,000+ enrollment) ensures consistent demand. The hotel features a seasonal outdoor pool, complimentary breakfast, and guest laundry facilities. Each of the 67 guest rooms includes a flatscreen TV, work desk, refrigerator, microwave, and coffee maker. The property sits on a 1.66-acre lot (APN: 079 E 9) and is zoned B2. Achieving GOLD status in 2024, placing it in the top 10% of its brand, this hotel presents a strong investment opportunity with potential for increased revenue and market share. Nearby attractions include Edith J. Carrier Arboretum, Atlantic Union Bank Center, JMU Convocation Center, several museums, Massanutten Resort, and Shenandoah National Park, further enhancing its appeal and potential for growth. The property offers ample space to upgrade outdoor amenities and explore boutique or upper-midscale branding options.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2007
Total area 29,652 SF
Lot 1.66 ac (72,135 SF)
Zoning code GENERAL BUSINESS
APN 079 E 9
UPID US87-2460609

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Atm

Location

1881 Evelyn Byrd Ave Harrisonburg, VA 22801-3487
Harrisonburg metro Census 205 HARRISONBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$640k

Owner & transaction history

since 2017
2 recorded transactions
2017
$4.4M
2006
Price N/A

Zoning & alternative use

GENERAL BUSINESS · Harrisonburg, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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