Bowman Real Estate
Listed by Bowman Real Estate
$1,150,000
Volunteer Gap Inn & Cabins
Details
Property Type Hospitality, Land
Sub Type Hotel, Business and Building
Square Footage 5,625
Units 13
Cap Rate 3.30%
NOI $37,571
Occupancy 19%
Pro-Forma Cap Rate 14.85%
Pro-Forma NOI $170,782
Year Built 1998
Buildings 14
Acreage 6.600
Zoning NONE
Parking Spaces 2 per unit
Ground Lease No
Value-Add Hospitality | Short Term Rentals
Marketing description
Volunteer Gap Inn & Cabins is a fully furnished mountain lodging and event property positioned just off the Blue Ridge Parkway in Carroll County, Virginia. The offering combines 13 furnished rental units, an established operating history, a separate gathering venue, and a setting designed for couples, families, outdoor travelers, reunions, retreats and group stays. A buyer can focus on distribution and revenue management rather than furnishing an entire lodging portfolio from the ground up.
Investment highlights
- Immediate operating platform with furnished guest accommodations and an existing property website.
- Direct exposure to Blue Ridge Parkway travel demand and easy regional access through Fancy Gap and Interstate 77.
- Multiple guest formats, from inn rooms and romantic cabins to family-capable accommodations.
- Meaningful occupancy upside: Current 19% lodging occupancy across 11 units, Opportunity to increase occupancy creates value
- No current Airbnb or VRBO distribution, creating a clear path to broader visibility, online booking and review generation.
- Separate barn venue creates an additional line of business for weddings, reunions, retreats, meetings and live-music events.
Listing Contacts
Bowman Real Estate
Listed by Bowman Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,571.00
$3,130.92/mo
Valuation Metrics
0
DSCR
3.27%
Cap Rate
3.27%
ROI
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