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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7847 Rockfish Vly Hwy Afton, VA 22920-3203

    • Hotels
    • 4,620 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2022
    $800,000
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2854638
    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

    • Basecamp151 / Motel

    Property Details for 7847 Rockfish Vly Hwy

    Year built
    1958
    Construction
    FRAME
    Lot size
    1.00 lot acres
    Property size
    4,620 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    12 A 143
    APU
    12A143

    Description

    Nestled on 1.83 acres along the scenic Nelson 151 Brew Ridge Trail in Afton, Virginia, this exceptional property presents a unique investment opportunity. The turnkey operation comprises a trendy 7-unit boutique motel and a separate 3-bedroom cottage, totaling 5,916 square feet. The motel boasts a common area and coffee shop, offering guests a convenient and welcoming atmosphere. Guests enjoy amenities such as contact-free self-check-in with WiFi smart locks and comfortable memory foam bedding. The expansive backyard features fire pits, providing a relaxing outdoor space. The property benefits from highly desirable B-1 zoning on Route 151, placing it in the heart of Virginia's thriving wine, brewery, wedding, and hiking scene. Financial performance in 2023 (its first full year of operation) demonstrates strong potential, with $270,000 in gross revenue, a 36% occupancy rate, an average daily rate (ADR) of $209, and 45% direct bookings. The property enjoys excellent online reviews, boasting a 4.91 Airbnb Superhost rating (based on 190+ reviews) and a 4.8 Google rating (50+ reviews). This established business offers immediate income generation and significant upside potential for growth. The prime location and high demand for lodging in this popular tourist destination make this a truly exceptional investment opportunity. The property is offered at $1,890,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $870,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Afton
    County
    Nelson
    State
    Virginia
    Longitude
    -78.8357
    Latitude
    37.9493
    CBSA code
    16820
    CBSA name
    CHARLOTTESVILLE, 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
    2024
    $2,224
    $95,000
    $247,200
    $342,200
    -
    $95,000
    $247,200
    $342,200

    Comparable in this City

    • Value Estimation by Request

      Afton, VA 22920

      COMMERCIAL (GENERAL)
      Afton, VA 22920
      View Details
    • Value Estimation
      $3,375,000
      79,800 SF

      10517 Critzers Shop Rd

      COMMERCIAL (GENERAL) • 79,800 SF
      10517 Critzers Shop Rd, Afton, VA 22920-2432
      View Details
    • Value Estimation by Request
      5,196 SF

      10950 Rockfish Vly Hwy

      MEDICAL BUILDING • 5,196 SF
      10950 Rockfish Vly Hwy, Afton, VA 22920-2858
      View Details
    • Value Estimation by Request
      8.01 Acres

      Afton, VA 22920

      VACANT COMMERCIAL LAND • 8.01 Acres
      Afton, VA 22920
      View Details
    • Value Estimation by Request
      0.52 Acres

      10517 Critzers Shop Rd

      COMMERCIAL (GENERAL) • 0.52 Acres
      10517 Critzers Shop Rd, Afton, VA 22920-2432
      View Details
    • Value Estimation by Request
      3.13 Acres

      200 Afton Mtn Rd

      COMMERCIAL (GENERAL) • 3.13 Acres
      200 Afton Mtn Rd, Afton, VA 22920
      View Details

    Similar Nearby for Sale

    • $479,000
      12.00 Acres

      Afton Property with Development Potential

      12-acre Afton property with multiple parcels and development opportunities.
      722 Greenfield Mountain Farm, Afton, VA 22920
      View Details
    • $749,000
      21.98 Acres

      Residential Land with Trout Pond

      22-acre residential lot with potential for custom home.
      2 Handley Way, Afton, VA 22920
      View Details
    • $3,200,000

      Land For Sale Afton, VA

      Land available for purchase in Afton, Virginia.
      9388 Critzers Shop Rd, Afton, VA 22920
      View Details
    • New
      $279,000
      Pending

      Afton VA Homesite with Views

      7-acre homesite with mountain views near Charlottesville, Crozet, Wintergreen.
      7 Ac Castle Rock Rd, Afton, VA 22920
      View Details
    • $729,500

      Afton Specialty Property For Sale

      Specialty property available for purchase in Afton, Virginia.
      2635 Ennis Mountain Rd, Afton, VA 22920
      View Details
    • $995,000
      2,980 SF

      Charming Afton Property: Windhaven Cottages

      Unique Afton enclave with vacation-rental history in Nelson County's wine country.
      90 Windhaven Ln, Afton, VA 22920
      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.
    7847 Rockfish Vly Hwy
    Afton, VA 22920-3203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    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.