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    Property profile & analytics
    OFF-MARKET Estimated value $8,620,000
    Hotels

    2207 Atlantic Ave 605 Virginia Beach, VA 23451-3233

    134,226 SF 0.69 ac lot Built 1970
    Individually Owned
    Property ID
    US87-0670090
    Google Maps
    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Year built 1970
    Construction CONCRETE
    Total area 134,226 SF
    Lot 0.69 ac (30,197 SF)
    Zoning code OR
    APN 24271951470000
    UPID US87-0670090
    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
    • The Ocean Sands Resort Hotel & Motel Resort
    • 1 Bedroom Studio on the Virginia Beach Waterfront Resort
    2 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $9.73M
    Blend (final) Blend
    $8.62M
    Owner & transaction history
    Gary D Overton
    Gary D Overton
    since 2025
    7 recorded transactions
    2025
    Price N/A
    2024
    Price N/A
    2022
    Price N/A
    2022
    Price N/A
    2022
    Price N/A
    2021
    Price N/A
    2021
    Price N/A
    Zoning & alternative use
    OR · Virginia Beach, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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