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Property profile & analytics
OFF-MARKET
Estimated value
$7,955,000
Hotels
1601 Atlantic Ave 1002 Virginia Beach, VA 23451-3422
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0565500
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2002
Construction
CONCRETE
Total area
117,528 SF
Lot
0.62 ac (27,007 SF)
Zoning code
OR
APN
24272609850000
UPID
US87-0565500
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
-
Diamond Resorts Hotel & Motel
-
Boardwalk Resort and Villas Hotel & Motel Resort
-
Quirks Oceanfront Restaurant
-
villas at the Boardwalk Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.79M
Blend (final)
Blend
$7.96M
Owner & transaction history
Diamond Resorts Boardwalk Dev LLC · 1 yrs held
Diamond Resorts Boardwalk Dev LLC
since 2025
7 recorded transactions
Zoning & alternative use
OR · Virginia Beach, 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 Virginia Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Virginia Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.96M
Range $7.16M – $8.75M · ±10%
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
$68 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$200,339
Tax year 2024
Assessed value
$20,236,300
Assessed 2024
Previous assessed
$20,236,300
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$7,342,800
Assessed improvement
$12,893,500
Land market value
$7,342,800
Improvement market value
$12,893,500
Total market value
$20,236,300
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Stories
11
Total area
117,528 SF
Lot
0.62 ac (27,007 SF)
Zoning code
OR
APN
24272609850000
UPID
US87-0565500
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
OR · Virginia Beach, VA
Zoning OR · permitted uses
OR · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Virginia Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
NONE
Stories
11
Lot
0.62 ac
Current owner
From public records · entity-resolved
Diamond Resorts Boardwalk Dev LLC
Entity
Mailing address
10600 W CHARLESTON BLVD, LAS VEGAS, NV 89135-1014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
59 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2025
—
Diamond Resorts Boardwalk Dev LLC
Gyeman Chang
Special Warranty Deed
—
Aug 4, 2022
—
Nathaniel Hargis
Elizabeth Kingsbury
Warranty Deed
—
Jul 27, 2022
$250
Benito Guerero
Milagros Danis
Warranty Deed
—
May 16, 2022
—
Steve G Stultz Costello
Hilary W Costello JR
Intrafamily Transfer
related
—
Apr 29, 2022
$1,095
Angelia D Breeding
Gerald W Breeding JR
Quit Claim Deed
related
—
Feb 7, 2017
—
Ocean Bch Clb LLC
—
Deed
related
—
Dec 9, 2014
$5,000
Ocean Bch Clb LLC
Leebrick,derek W & Vicky
Grant Deed
—
Oct 7, 2013
$30,009
James A Summers
Ocean Bch Clb LLC
Grant Deed
—
Jun 20, 2013
$26,926
Patrick A Taylor
Ocean Bch Clb LLC
Grant Deed
related
—
Jun 17, 2013
$15,655
James Penfold
Ocean Bch Clb LLC
Grant Deed
—
Apr 15, 2010
$500
Barbara L Shaw
Mooring,frank
Grant Deed
related
—
Apr 6, 2010
—
Gary R Allamong JR.
Ocean Bch Clb LLC
Grant Deed
$16,627 · Ocean Beach Club LLC
Apr 5, 2010
—
Ocean Beach Club LLC
Houde,elizabeth A
Grant Deed
related
—
Dec 1, 2008
—
Ocean Bch Clb LLC
Brooks,william I JR & Nannie J
Grant Deed
related
—
Dec 17, 2007
$1,200
Resort Promotions INC
Hassell,brent B
Grant Deed
related
—
Dec 17, 2007
$1,700
Resort Promotions INC
Little,mark A & Debra A
Grant Deed
related
—
Nov 30, 2007
$5,000
Ocean Beach Club LLC
Fuller,ukley G & Velma W
Grant Deed
related
—
Nov 2, 2007
—
Ocean Beach Club LLC
Heasley,james R & Nancy L
Grant Deed
related
—
Oct 25, 2007
$3,000
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
Oct 25, 2007
$4,352
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
Sep 10, 2007
—
Eugene S Byers JR.
Ocean Beach Club LLC
Grant Deed
related
—
Aug 24, 2007
—
Kellie A Morin
Allen,mark D & Shannon M
Grant Deed
related
—
Aug 8, 2005
$5,000
Ocean Beach Club LLC
Lorenzana,john A & Jeannette E
Grant Deed
related
—
Aug 1, 2005
$5,000
Ocean Beach Club LLC
Cassarino,joseph A JR & Elizabeth A
Grant Deed
related
—
Jul 25, 2005
$5,000
Ocean Beach Club LLC
Oslin,yvonne D
Grant Deed
related
—
Jul 25, 2005
$2,949
Ocean Beach Club LLC
Levinson Michael H
Trustees Deed
related
—
Jul 25, 2005
$3,582
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
Jul 25, 2005
$4,508
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
Jul 25, 2005
$3,188
Ocean Beach Club LLC
Levinson Michael H
Trustees Deed
related
—
Jul 25, 2005
$4,601
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
Jul 25, 2005
$3,118
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
Jul 25, 2005
$3,489
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
Jul 25, 2005
$3,504
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
Jul 19, 2005
$5,000
Ocean Beach Club LLC
Hatcher,berchard L & Linda H
Grant Deed
related
—
Jul 19, 2005
—
Ocean Beach Club LLC
Baker,godfrey A S & April D
Grant Deed
related
—
Jul 18, 2005
—
Gary W Koehler
Koehler,gary W
Quit Claim Deed
related
—
Jul 18, 2005
$5,000
Ocean Beach Club LLC
Robinson,antonio V & Victoria V
Grant Deed
related
—
Jul 18, 2005
$1,998
Boardwalk Resort Hotel & Villa
Boardwalk Resort Hotel & Villa
Trustees Deed
related
—
Jul 18, 2005
$1,866
Boardwalk Resort Hotel & Villa
Boardwalk Resort Hotel & Villa
Trustees Deed
related
—
Jul 14, 2005
$5,000
Ocean Beach Club LLC
Boston,joseph W & Giovanna
Grant Deed
related
—
Jul 14, 2005
—
Vivian S Cornish
Shepherd,gilbert G
Grant Deed
related
—
Jul 12, 2005
$455
John Womer
Elliott,valeria J
Warranty Deed
related
—
Jul 6, 2005
$5,000
Ocean Beach Club LLC
Ford,joseph C & Irene R
Grant Deed
related
—
Jul 6, 2005
—
Frank T Smith
Ocean Beach Club LLC
Grant Deed
related
—
Jun 28, 2005
$5,000
Ocean Beach Club LLC
Boyle,steven A
Grant Deed
related
—
Jun 28, 2005
$3,582
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
Jun 27, 2005
$5,000
Ocean Beach Club LLC
Mcgoldrick,sherry L
Grant Deed
related
—
Jun 14, 2005
—
David H Boisvert
Boisvert,bevin A
Quit Claim Deed
related
—
Jun 14, 2005
$5,000
Ocean Beach Club LLC
Roberts,donald K & Kimberly L
Grant Deed
related
—
May 24, 2005
—
Oscar Bunch
Bunch,michael W & Karen S
Quit Claim Deed
related
—
May 24, 2005
$5,000
Ocean Beach Club LLC
Wesnak,bruce W & Susan M
Grant Deed
related
—
May 24, 2005
$3,062
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
May 24, 2005
$3,700
Ocean Beach Club LLC
Levinson Michael H
Trustees Deed
related
—
May 24, 2005
$4,657
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
May 24, 2005
$3,620
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
May 24, 2005
$5,454
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
May 24, 2005
$4,194
Ocean Beach Club LLC
Pata Service Corp
Trustees Deed
related
—
—
—
Ocean Bch Clb LLC
—
Loan Modification
related
—
—
—
James Cintron
—
Deed Of Trust
related
$33,000 · John M Wood
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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