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Property profile & analytics
OFF-MARKET
Motels
100 Greshamwood Pl Richmond, VA 23225-6800
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0793573
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
25,220 SF
Lot
1.78 ac (77,711 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
C-007-0124-002
UPID
US87-0793573
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Motel 6 Richmond, VA - Midlothian Turnpike Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nilu Nimu LLC · 9 yrs held
Nilu Nimu LLC
since 2016
7 recorded transactions
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$3,054,000
Assessed 2024
Previous assessed
$2,779,000
+9.9% YoY
Effective rate
0.00%
On assessed value
Assessed land
$432,000
Assessed improvement
$2,622,000
Land market value
$432,000
Improvement market value
$2,622,000
Total market value
$3,054,000
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
2
Rooms
83
Total area
25,220 SF
Lot
1.78 ac (77,711 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
C-007-0124-002
UPID
US87-0793573
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Zoning B-3 GENERAL BUSINESS · permitted uses
B-3 GENERAL BUSINESS · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Rooms
83
Lot
1.78 ac
Current owner
From public records · entity-resolved
Nilu Nimu LLC
Entity
Mailing address
4601 RICHMOND HWY, RICHMOND, VA 23234-3150
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2020
—
Nilu Nimu LLC
—
Deed
related
$100,000 · Virginia Commonwealth Bank
Mar 18, 2020
—
Nilu Nimu LLC
—
Deed
related
$3,225,000 · Virginia Commonwealth Bank
Mar 12, 2020
—
Nilu Nimu LLC
—
Deed
related
$3,225,000 · Virginia Commonwealth Bank
Oct 5, 2016
$2,825,000
Nilu Nimu LLC
Dev Hospitality INC
Grant Deed
$2,400,000 · Bancorp Bk
Oct 5, 2016
—
Nilu Nimu LLC
—
Deed
related
$125,000 · Dev Hospitality LLC
—
—
Nilu Nimu LLC
—
Deed Of Trust
related
$100,000 · Virginia Cmnwlt Bk
—
—
Nilu Nimu LLC
—
Deed Of Trust
related
$3,225,000 · Virginia Cmnwlt Bk
—
—
Nilu Nimu LLC
—
Deed Of Trust
related
$3,225,000 · Virginia Cmnwlt Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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