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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Hotels
196 Ballard Ct 101 Virginia Beach, VA 23462-6530
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1358765
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1983
Construction
TYPE NOT SPECIFIED
Total area
33,600 SF
Lot
2.56 ac (111,581 SF)
Zoning code
R40
APN
14671428320000
UPID
US87-1358765
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
-
Red Roof Inn Virginia Beach Hotel & Motel
-
LibertyX Bitcoin ATM Currency Exchange Service Kiosk
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.24M
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$2.33M
Owner & transaction history
Bw Rri II LLC · 11 yrs held
Bw Rri II LLC
since 2015
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,510,000
6.5%
$3,240,000
7%
$3,010,000
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±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
$69 / 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
$46,847
Tax year 2024
Assessed value
$4,732,000
Assessed 2024
Previous assessed
$4,732,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,060,200
Assessed improvement
$3,671,800
Land market value
$1,060,200
Improvement market value
$3,671,800
Total market value
$4,732,000
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
1983
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
108
Total area
33,600 SF
Lot
2.56 ac (111,581 SF)
Zoning code
R40
APN
14671428320000
UPID
US87-1358765
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
1983
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Units
108
Lot
2.56 ac
Current owner
From public records · entity-resolved
Bw Rri II LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2201 ATLANTIC AVE, VIRGINIA BEACH, VA 23451-3233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Feb 23, 2018
—
Bw Rri II LLC
—
Deed
related
$360,000,000 · Morgan Stanley Bk
Jun 3, 2015
$3,640,107
Bw Rri II LLC
Fmw Rri II LLC
Grant Deed
—
Sep 27, 2011
$4,268,300
Fmw Rri II LLC
R-roof Vi LLC
Grant Deed
—
Sep 28, 2007
—
R-roof Vi LLC
Red Roofs Inns INC
Grant Deed
$160,000,000 · Bear Stearns Commercial Mtg
—
—
Bw Rri II LLC
—
Loan Modification
related
$2,659,968 · Barclays Bk/plc
—
—
Bw Rri II LLC
—
Deed Of Trust
related
$360,000,000 · Morgan Stanley 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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