Property profile

8400 Lee Hwy Raphine, VA 24472

OFF-MARKET
Hospitality properties
Property ID
US87-2720886
8,900 SF 51 ac lot
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Property summary

AI-generated overview

Steeles Tavern Manor, a profitable hospitality investment, presents a unique blend of historic charm and modern amenities. This 8,900 square foot property, situated on 51 acres in Raphine, Virginia (24472), boasts six buildings, including a beautifully renovated 1916 manor house and five contemporary cabins, all built or renovated in 2021. The main house features five rooms operating as a traditional bed and breakfast, complete with daily breakfast service. The five cabins offer guests private outdoor hot tubs and the option of breakfast delivery. All guests enjoy access to common areas. A recently refurbished on-site spa provides additional revenue streams, along with various up-sell packages. The property benefits from a convenient location, close to the Blue Ridge Parkway and I-81/64, attracting both transient and destination travelers. Currently, the cabins and manor utilize cross-linked websites and a shared property management system. Thirty acres are currently leased for agricultural use, leaving ample room for future expansion on the rolling hills of this expansive property. This turnkey operation offers excellent cash flow and strong profit potential, making it an ideal investment-grade opportunity. Detailed financial information is available upon request and the signing of a non-disclosure agreement. The property includes 10 keys and 10 beds.

Property profile

Verified
Property type Hospitality properties
Total area 8,900 SF
Lot 51 ac (2,221,560 SF)
UPID US87-2720886

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
  • Electric Vehicle Charging Station
  • Vacation Rental Real Estate Agency

Location

8400 Lee Hwy Raphine, VA 24472
Raphine metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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