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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Motels
1515 Pembroke Ave Hampton, VA 23661-1125
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0503521
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1957
Construction
WOOD
Total area
15,388 SF
Lot
1.9 ac (82,720 SF)
Zoning code
15 C-3 GENERAL COMMERCIAL
APN
01L036 00 00000
UPID
US87-0503521
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
-
Economy 7 Inn- Hampton Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
Nita Arha LLC · 1 yrs held
Nita Arha LLC
since 2024
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
15 C-3 GENERAL COMMERCIAL · Hampton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+670.5%
Medical building
$1.9M
+610.0%
Restaurant
$1.6M
+518.7%
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 Hampton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hampton 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
Method
Estimation
Statistic approach
$2,015,000
ML approach
$2,015,000
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,125,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,025,000
Change: +670% · Conversion: Difficult
MEDICAL BUILDING
$1,865,000
Change: +610% · Conversion: Difficult
RESTAURANT
$1,625,000
Change: +519% · Conversion: Difficult
RETAIL STORES
$1,495,000
Change: +470% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10% · vs last sale $2.02M (Aug 2 2024)
Last sale anchor
$2.02M
Aug 2 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$131 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$25,395
Tax year 2023
Assessed value
$2,015,200
Assessed 2024
Previous assessed
$1,846,600
+9.1% YoY
Effective rate
1.26%
On assessed value
Assessed land
$227,500
Assessed improvement
$1,787,700
Land market value
$227,500
Improvement market value
$1,787,700
Total market value
$2,015,200
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
1957
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Rooms
59
Total area
15,388 SF
Lot
1.9 ac (82,720 SF)
Zoning code
15 C-3 GENERAL COMMERCIAL
APN
01L036 00 00000
UPID
US87-0503521
Jurisdiction
HAMPTON CITY
Zoning & alternative use
15 C-3 GENERAL COMMERCIAL · Hampton, VAZoning 15 C-3 GENERAL COMMERCIAL · permitted uses
15 C-3 GENERAL COMMERCIAL · Hampton, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
59
Lot
1.9 ac
Current owner
From public records · entity-resolved
Nita Arha LLC
Entity
Mailing address
1515 W PEMBROKE AVE #1, MECHANICSVILLE, VA 23116
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2024
$2,015,200
Nita Arha LLC
1515 Pembroke LLC
Special Warranty Deed
$1,429,478 · Party III
Mar 7, 2022
$2,000,000
1515 Pembroke LLC
Laxmi-kant LLC
Warranty Deed
$1,500,000 · Laxmi-kant LLC
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.
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