Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Hotels
301 Greenville Ave Staunton, VA 24401-4642
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3149798
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1828
Total area
23,942 SF
Lot
3.12 ac (135,907 SF)
Zoning code
B2
APN
12105
UPID
US87-3149798
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Second Draft Bar & Bistro Restaurant
-
The Blackburn Inn and Conference Center Hotel & Motel
-
Valley Hop On Tours Tour Operator (Bike/Boat/Book/etc) Store
-
SummerStage @ The Blackburn Music Venue Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.37M
Owner & transaction history
The Blackburn Inn LLC · 8 yrs held
The Blackburn Inn LLC
since 2017
2 recorded transactions
Zoning & alternative use
B2 · Staunton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+51.9%
Commercial (general)
$2.0M
+45.3%
Retail stores
$1.5M
+4.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Staunton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Staunton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,385,000
Current use
OFFICE BUILDING
$2,105,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,010,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$1,455,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,110,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$57 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$39,556
Tax year 2023
Assessed value
$4,444,500
Assessed 2024
Previous assessed
$4,444,500
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$304,800
Assessed improvement
$4,139,700
Land market value
$304,800
Improvement market value
$4,139,700
Total market value
$4,444,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1828
Cooling
YES
Total area
23,942 SF
Lot
3.12 ac (135,907 SF)
Zoning code
B2
APN
12105
UPID
US87-3149798
Jurisdiction
STAUNTON CITY
Zoning & alternative use
B2 · Staunton, VA
Zoning B2 · permitted uses
B2 · Staunton, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Staunton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
HOTEL/MOTEL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1828
Cooling
Yes
Lot
3.12 ac
Current owner
From public records · entity-resolved
The Blackburn Inn LLC
Entity
Free & Clear · 8 yrs held
Mailing address
116 E FRANKLIN ST, RICHMOND, VA 23219-2118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2017
—
The Blackburn Inn LLC
—
Deed
related
$6,900,000 · The Bank Of Hampton Roads
Aug 11, 2017
—
The Blackburn Inn LLC
Village Development Associates LLC
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 301 Greenville Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
