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Property profile & analytics
OFF-MARKET
Estimated value
$6,060,000
Hotels
192 Newtown Rd 103 Virginia Beach, VA 23462-2401
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1319573
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1984
Construction
TYPE NOT SPECIFIED
Total area
60,354 SF
Lot
2.11 ac (91,999 SF)
Zoning code
R40
APN
14670449400000
UPID
US87-1319573
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
-
La Quinta Inn by Wyndham Norfolk Virginia Beach Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.95M
CAP Approach
CAP
$5.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.06M
Owner & transaction history
Jsk Norfolk Enterprises LLC · 5 yrs held
Jsk Norfolk Enterprises LLC
since 2021
Last sale
$5.5M
4 recorded transactions
Zoning & alternative use
R40 · 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
$6,510,000
ML approach
$6,945,000
CAP Approach
CAP Return
Estimation
6%
$6,305,000
6.5%
$5,820,000
7%
$5,405,000
Blend value · Realmo final
$6.06M
Range $5.45M – $6.67M · ±10% · vs last sale $5.52M (Jul 15 2021)
Last sale anchor
$5.52M
Jul 15 2021
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
$100 / 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
$48,445
Tax year 2024
Assessed value
$4,893,400
Assessed 2024
Previous assessed
$4,893,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$910,800
Assessed improvement
$3,982,600
Land market value
$910,800
Improvement market value
$3,982,600
Total market value
$4,893,400
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
1984
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
3
Units
130
Total area
60,354 SF
Lot
2.11 ac (91,999 SF)
Zoning code
R40
APN
14670449400000
UPID
US87-1319573
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
R40 · Virginia Beach, VA
Zoning R40 · permitted uses
R40 · 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
1984
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Units
130
Lot
2.11 ac
Current owner
From public records · entity-resolved
Jsk Norfolk Enterprises LLC
Entity
Mailing address
9130 GUILFORD RD, COLUMBIA, MD 21046-1803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
$5,516,000
Jsk Norfolk Enterprises LLC
Cplg Properties LLC
Special Warranty Deed
$2,225,000 · Capital Bank NA
Aug 22, 2007
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
—
Aug 24, 2006
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
$185,000,000 · * Other Institutional Lenders
Mar 24, 2006
—
Bre Of Lq Properties LLC
La Quinta Properties INC
Grant Deed
$2,075,000,000 · * Other Institutional Lenders
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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