Technical
Financial
Distress signals
Property profile

1030 Ocean Vw Ave Norfolk, VA 23503

OFF-MARKET
Motels
Property ID
US87-3338758
8,832 SF 0.26 ac lot Built 1972
Entity Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1972
Total area 8,832 SF
Lot 0.26 ac (11,186 SF)
Zoning code R-12
APN 25608000
UPID US87-3338758

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1030 Ocean Vw Ave Norfolk, VA 23503
Norfolk metro Census 201 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2011
1 recorded transaction
2011
$1.4M

Zoning & alternative use

R-12 · Norfolk, VA

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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