Can you value a property based on AirBNB rental rates?

[Ran Iarovich]

Hi everyone,

I was curious as to how you would value a property that is primarily suited for an Airbnb? The specific property has no comparables, has lakefront access, and a very unique design.

More specifically: 

The home comprises 3 different attached dwelling units that can each be turned into a short-term or long-term rental. 

The uniqueness of the property has me gearing towards using it for Airbnb. Each unit can rent for $300/day - $900/day if fully occupied. 

It has a 75% vacancy rate, 3300 sq/ft, and fully remodeled. 

With utilities accounted for, how can I value the listing price that this property will bear? 

What is a good cap rate in Washington for AirBNB?