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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Motels
2130 Riverside Dr Danville, VA 24540-4215
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-1489264
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Construction
CONCRETE BLOCKS
Total area
30,294 SF
Lot
1.8 ac (78,408 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
56003
UPID
US87-1489264
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
-
Quality Inn Danville - University Area Hotel & Motel
-
TurnOnGreen Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.88M
Owner & transaction history
River 1 Hospitality LLC
River 1 Hospitality LLC
since 2025
3 recorded transactions
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, 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 Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,920,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,795,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,685,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,180,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±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
$62 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$17,763
Tax year 2021
Assessed value
$2,124,100
Assessed 2023
Previous assessed
$2,124,100
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$260,200
Assessed improvement
$1,863,900
Land market value
$260,200
Improvement market value
$1,863,900
Total market value
$2,124,100
Applied tax rate
5,101,110.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1997
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
YES
Stories
3
Units
243
Total area
30,294 SF
Lot
1.8 ac (78,408 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
56003
UPID
US87-1489264
Jurisdiction
DANVILLE CITY
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VA
Zoning HIGHWAY RETAIL COMM · permitted uses
HIGHWAY RETAIL COMM · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1997
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
243
Lot
1.8 ac
Current owner
From public records · entity-resolved
River 1 Hospitality LLC
Entity
Mailing address
1020 E CHURCH ST, CHERRYVILLE, NC 28021-2901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
$6,200,000
River 1 Hospitality LLC
Danville Investment LLC
Bargain & Sale Deed
$5,000,000 · Gbank
Sep 21, 2022
$4,275,000
Danville Investment LLC
Riverside Motel Corp
Warranty Deed
$3,800,000 · Bank Of George
Jan 11, 2017
—
Riverside Motel Corp
—
Deed
related
$2,840,000 · Somabank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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