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Property profile & analytics
OFF-MARKET
Estimated value
$3,900,000
Hotels
2007 Richmond Rd Williamsburg, VA 23185-2731
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-1129906
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Total area
55,904 SF
Lot
1.35 ac (58,806 SF)
Zoning code
GENERAL BUSINESS
APN
C16D-3689-2398
UPID
US87-1129906
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
-
Comfort Inn Central Hotel & Motel
-
Wingate by Wyndham Williamsburg Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.90M
Owner & transaction history
Mb Hotels LLC · 2 yrs held
Mb Hotels LLC
since 2023
Last sale
$3.6M
2 recorded transactions
Zoning & alternative use
GENERAL BUSINESS · Williamsburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.5M
+17.9%
Auto repair, garage
$5.6M
+2.7%
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 Williamsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsburg 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
$5,435,000
ML approach
$4,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,490,000
Current use
OFFICE BUILDING
$6,470,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,640,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$4,635,000
Change: -16% · Conversion: Difficult
RESTAURANT
$4,440,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.90M
Range $3.51M – $4.29M · ±10% · vs last sale $3.60M (Dec 6 2023)
Last sale anchor
$3.60M
Dec 6 2023
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
$70 / 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
$26,115
Tax year 2024
Assessed value
$3,529,100
Assessed 2024
Previous assessed
$3,999,500
-11.8% YoY
Effective rate
0.74%
On assessed value
Assessed land
$903,100
Assessed improvement
$2,626,000
Land market value
$903,100
Improvement market value
$2,626,000
Total market value
$3,529,100
Applied tax rate
5,104,150.0000
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
1989
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
5
Rooms
12
Total area
55,904 SF
Lot
1.35 ac (58,806 SF)
Zoning code
GENERAL BUSINESS
APN
C16D-3689-2398
UPID
US87-1129906
Jurisdiction
YORK
Zoning & alternative use
GENERAL BUSINESS · Williamsburg, VAZoning GENERAL BUSINESS · permitted uses
GENERAL BUSINESS · Williamsburg, 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
HOTEL/MOTEL Current
Est. value
$5.5M
OFFICE BUILDING
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RETAIL STORES
Est. value
$4.6M
RESTAURANT
Est. value
$4.4M
HOTEL/MOTEL Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
1989
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Rooms
12
Lot
1.35 ac
Current owner
From public records · entity-resolved
Mb Hotels LLC
Entity
Free & Clear · 2 yrs held
Mailing address
834 CAPITOL LNDG RD WILLIAMSBURG
Ownership since
2023
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
Dec 6, 2023
$3,600,000
Mb Hotels LLC
Sbg Richmond Road LLC
Special Warranty Deed
—
Feb 24, 2022
$2,800,000
The Tapestry Group INC
Shni Corp
Warranty Deed
—
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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