Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2050 Morewood Rd Hardy, VA 24101-3940

    • Motels
    • 9,984 SF
    • 1.79 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-1380333
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Westlake Boat Rentals / Boat Rental Service
    • Westlake Waterfront Inn / Hotel
    • Pullin Drag Striper Guide Service / Fishing Charter
    • Squidhound Fishing Charters / Fishing Charter
    • Reel Rock Charters / Fishing Charter / Service Establishment

    Property Details for 2050 Morewood Rd

    Year built
    1998
    Lot size
    1.79 lot acres
    Property size
    9,984 SF
    Zone code
    B2
    Property type
    Motels
    APN
    015 00-021 01
    APU
    150002101

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hardy
    County
    Franklin
    State
    Virginia
    Longitude
    -79.7064
    Latitude
    37.1468
    CBSA code
    40220
    CBSA name
    ROANOKE, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $539,400
    $709,900
    $1,249,300
    -
    $539,400
    $709,900
    $1,249,300

    Comparable in this City

    • Value Estimation
      $1,310,000
      13,260 SF

      45 Enterprise Ln

      MOTEL • 13,260 SF
      45 Enterprise Ln, Hardy, VA 24101-3973
      View Details
    • Value Estimation by Request
      56.29 Acres

      40 Brewery Dr

      VACANT COMMERCIAL LAND • 56.29 Acres
      40 Brewery Dr, Hardy, VA 24101-1100
      View Details
    • Value Estimation by Request
      6,091 SF

      37 Vlg Spgs Dr

      FINANCIAL BUILDING • 6,091 SF
      37 Vlg Spgs Dr, Hardy, VA 24101-3966
      View Details
    • Value Estimation by Request

      95 Westlake Rd

      Office space
      95 Westlake Rd, Hardy, VA 24101
      View Details
    • Value Estimation by Request
      5,797 SF

      280 Westlake Rd

      FINANCIAL BUILDING • 5,797 SF
      280 Westlake Rd, Hardy, VA 24101-3967
      View Details
    • Value Estimation by Request
      4,887 SF

      13295 Booker T Washington Hwy

      FINANCIAL BUILDING • 4,887 SF
      13295 Booker T Washington Hwy, Hardy, VA 24101-3947
      View Details

    Similar Nearby for Sale

    • $74,950
      5.00 Acres

      Wooded Building Lot For Sale

      5-acre wooded lot for residential construction in Hardy, Virginia.
      Whispering Heights Dr, Hardy, VA 24101
      View Details
    • Contact for pricing

      Water Access Lot in Hardy

      Residential lot with water access, community dock, and tennis courts.
      40 Old Mill Dr, Hardy, VA 24101
      View Details
    • Contact for pricing
      0.83 Acres

      Wooded Building Lots For Sale

      Wooded building lots in Hardy, VA, sold at assessment value.
      Bousman Cir, Hardy, VA 24101
      View Details
    • $399,500

      Moneta, VA Commercial Land Tract

      1.38-acre prime commercial/residential lot.
      0 Builders Pride Dr, Moneta, VA 24101
      View Details
    • $325,000

      Westlake Area Commercial Land

      Approximately 3-acre commercial land in the Westlake area.
      120 Morewood Rd, Hardy, VA 24101
      View Details
    • $450,000
      1.09 Acres

      Waterfront Lot at Smith Mountain

      Building lot with gentle slope and mature trees.
      4 Springsteen Cir, Hardy, VA 24101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,221 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease in Westlake Shopping Center.
      13307-13369 Booker T Washington Hwy, Hardy, VA 24101
      View Details
    • $12 SF/Yr
      1,200 SF

      Resort Area Retail/Office Space

      In-line office, restaurant, and retail/service space for lease.
      13385-13423 Booker T Washington Hwy, Hardy, VA 24101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2050 Morewood Rd
    Hardy, VA 24101-3940
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.