Property profile

7847 Rockfish Vly Hwy Afton, VA 22920

OFF-MARKET
Hotels
Property ID
US87-2854638
4,620 SF 1 ac lot Built 1958
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1958
Construction FRAME
Total area 4,620 SF
Lot 1 ac (43,560 SF)
APN 12 A 143
UPID US87-2854638

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

Location

7847 Rockfish Vly Hwy Afton, VA 22920-3203
Afton metro Census 950202 CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$825k

Owner & transaction history

since 2022
Last sale
$800,000
5 recorded transactions
2023
Price N/A
2022
$800,000
2021
Price N/A
2020
Price N/A
2010
Price N/A

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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