7847 Rockfish Valley HwyAfton, VA 22920

Property Details for 7847 Rockfish Valley Hwy

Year built

1958

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

4,620 SF

Property type

Hospitality properties

Property subtype

Hotels

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,248,971

  6.5%

  $1,152,896

  7%

  $1,070,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,170,748

  Geo Method

  $2,170,748

• Alternative Use

  Use

  Valuation

  Residential

  $1,258,628

  Hospitality

  $1,152,896

  Educational

  $959,196

  Medical

  $992,184

  Retail

  $1,492,083

Location Insight

City

Afton

County

Nelson

State

Virginia

Latitude

37.9493

Longitude

-78.8357

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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