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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Hotels
2100 Dickens Rd Richmond, VA 23230-2004
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US87-0957735
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1982
Total area
77,350 SF
Lot
2.16 ac (94,090 SF)
Zoning code
B-3
APN
768-743-8654
UPID
US87-0957735
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Candlewood Suites Richmond - West Broad, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.14M
Owner & transaction history
Allegiance Hospitality LLC · 12 yrs held
Allegiance Hospitality LLC
since 2014
6 recorded transactions
Zoning & alternative use
B-3 · Richmond, 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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,575,000
Current use
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$15 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$31,421
Tax year 2023
Assessed value
$7,788,600
Assessed 2024
Previous assessed
$7,788,600
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$658,000
Assessed improvement
$7,130,600
Land market value
$658,000
Improvement market value
$7,130,600
Total market value
$7,788,600
Applied tax rate
3.0000
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/MOTEL
Status
Off-Market
Year built
1982
Heating
HEAT PUMP
Stories
6
Total area
77,350 SF
Lot
2.16 ac (94,090 SF)
Zoning code
B-3
APN
768-743-8654
UPID
US87-0957735
Jurisdiction
HENRICO
Zoning & alternative use
B-3 · Richmond, VA
Zoning B-3 · permitted uses
B-3 · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.6M
HOTEL/MOTEL Current
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
1982
Heating
HEAT PUMP
Stories
6
Lot
2.16 ac
Current owner
From public records · entity-resolved
Allegiance Hospitality LLC
Entity
Mailing address
6627 W BROAD ST STE #300, RICHMOND, VA 23230-1733
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
Feb 11, 2019
—
Allegiance Hospitality LLC
—
Deed
related
$7,400,000 · M&t Bank
Jul 14, 2014
$2,200,000
Allegiance Hospitality LLC
Dmrh LLC
Grant Deed
$5,600,000 · Sonabank NA
Dec 28, 2012
$1,600,000
Dmrh LLC
Kenrick Ryan C
Trustees Deed
—
Jan 18, 2005
$3,600,000
Damra Hospitality Group L L C
W V Hospitality
Warranty Deed
—
—
—
Allegiance Hospitality LLC
—
Loan Modification
related
$6,400,000 · Sonabank NA
—
—
Allegiance Hospitality LLC
—
Loan Modification
related
$5,760,000 · Sonabank NA
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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