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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Hotels
179 Sheraton Dr Salem, VA 24153-3003
Entity Owned
12-yr Hold
Free & Clear
Property ID
US87-0513763
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Lot
4.38 ac (190,706 SF)
Zoning code
HBD
APN
4-1-1
UPID
US87-0513763
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
-
Baymont by Wyndham Salem Roanoke Area Hotel & Motel
-
Cardtronics Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Shiva Hospitality LLC · 12 yrs held
Shiva Hospitality LLC
since 2014
6 recorded transactions
Zoning & alternative use
HBD · Salem, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HBD Highway Business District has been created to provide and allow a wide variety of commercial and service uses that are typically found along or near major transportation arterials
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
756.27 ac
Source
Realmo
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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±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
—
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
Assessed value
$2,592,800
Assessed 2023
Previous assessed
$2,333,500
+11.1% YoY
Assessed land
$648,200
Assessed improvement
$1,944,600
Land market value
$648,200
Improvement market value
$1,944,600
Total market value
$2,592,800
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/MOTEL
Status
Off-Market
Year built
1973
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Lot
4.38 ac (190,706 SF)
Zoning code
HBD
APN
4-1-1
UPID
US87-0513763
Jurisdiction
SALEM CITY
Zoning & alternative use
HBD · Salem, VAZoning HBD · permitted uses
HBD · Salem, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HBD Highway Business District has been created to provide and allow a wide variety of commercial and service uses that are typically found along or near major transportation arterials
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
756.27 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
4.38 ac
Current owner
From public records · entity-resolved
Shiva Hospitality LLC
Entity
Free & Clear · 12 yrs held
Mailing address
179 SHERATON DR, SALEM, VA 24153-3003
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
—
Shiva Hospitality LLC
—
Deed
related
$570,000 · Bank Of Botetourt
Feb 3, 2025
—
Shiva Hospitality LLC
—
Deed
related
$420,000 · Bank Of Botetourt
Jun 14, 2024
—
Shiva Hospitality LLC
—
Deed
related
$1,200,000 · Bank Of Botetourt
May 6, 2014
$1,400,000
Shiva Hospitality LLC
Owner Name Unavailable
Grant Deed
related
—
Nov 6, 2007
—
Cordial Hospitality LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Shiva Hospitality LLC
—
Loan Modification
related
$1,850,000 · Valley 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.
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