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    2207 Atlantic Ave, Unit 605 Virginia Beach, VA 23451-3233
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    Property profile & analytics

    2207 Atlantic Ave, Unit 605, Virginia Beach, VA 23451-3233

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    • Hotels
    • 134,226 SF
    • 0.69 lot acres
    Off-Market
    Last Sale May 20, 2024
    Property ID
    US87-0670090
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $8,620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Ocean Sands Resort / Hotel & Motel / Resort
    • 1 Bedroom Studio on the Virginia Beach Waterfront / Resort

    Property Details for 2207 Atlantic Ave

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    0.69 lot acres
    Zone code
    OR
    Property type
    Hotels
    APN
    24271951470000
    APU
    24271951470000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 15, 2025 — Gary D Overton Gary D Overton Deed · related —
    May 20, 2024 — W Doug Aubel W Douglas Aubel Intrafamily Transfer · related —
    Nov 28, 2022 — Julia Rose Bond Stephen E Freitag Quit Claim Deed · related —
    Feb 22, 2022 — Stephanie Hernandez Diane Lavendusky Re-recorded Document · related —
    Jan 19, 2022 — Dale Evelyn Jones Evelyn Field Intrafamily Transfer · related —
    Nov 9, 2021 — Benjamin H Williams Sam D Williams Intrafamily Transfer · related —
    Jul 27, 2021 — Benjamin H Williams Sam O Williams Intrafamily Transfer · related —
    Apr 7, 2021 — Tiffany R Millner Tiffany R Millner Gift Deed · related —
    Aug 11, 2017 — Daphne Carroll Levon D Davis Quit Claim Deed · related —
    Apr 10, 2017 — Claudette Gravely Jones,raymond SR Grant Deed · related —
    Apr 5, 2017 $31,625 Pamela A Osborn Vacation Sales Associates LLC Grant Deed · related —
    Mar 22, 2017 $10,760 Julian C Richards SR Vacation Sales Assocs LLC Grant Deed $5k · Vacation Sales Assocs
    Mar 22, 2017 $6,180 Darryl Hogan Vacation Sales Assocs LLC Loan 1 (only) Is A Reverse Mortgage $6k · Vacation Sales Assocs
    Mar 22, 2017 — Alfred Marchigiani III — Deed · related $12k · Vacation Sales Assocs
    Dec 5, 2016 — Kristie M Dotson-owens Allison,daniel B Quit Claim Deed · related —
    Dec 8, 2015 $5,490 Ocean Sands Owners Assn Mayes Joseph R|morrison,janemarie Trustees Deed —
    Dec 8, 2015 $3,713 Ocean Sands Owners Assn Mayes Joseph R|link Systems Trustees Deed —
    Dec 8, 2015 $5,590 Ocean Sands Owners Assn Mayes Joseph R|kirchhoefer,allen A & Patricia A Trustees Deed —
    Dec 8, 2015 $3,801 Ocean Sands Owners Assn Mayes Joseph R|andrews,andrew J Trustees Deed —
    Dec 8, 2015 $3,498 Ocean Sands Owners Assn Mayes Joseph R|baucum,roger L Trustees Deed —
    Dec 18, 2013 — Twanna A Nickens Jackson,peter L Quit Claim Deed · related —
    Dec 4, 2013 — Latoya Lang Taylor,marqueza Quit Claim Deed · related —
    Apr 1, 2010 $500 Morgan Family Trust LLC Vincent-root,ana B Grant Deed · related —
    Mar 25, 2010 $512 Luther Ashley Morant,abraham & Hazel M Grant Deed · related —
    Mar 28, 2008 $750 Adam Johnson Montague,liza D Quit Claim Deed · related —
    Jan 28, 2008 $500 Wilfred J Lewis Thomas,angela B Warranty Deed · related —
    Oct 26, 2007 — Thomas Mattner Mattner,alfred H JR & Margaret A Quit Claim Deed · related —
    Oct 5, 2007 $500 Lisa Lapierre-miller Douglas,robert L & Sara V Warranty Deed · related —
    Aug 24, 2007 $500 Paul Vaughan Allen,brian B & Tina S Warranty Deed · related —
    Aug 13, 2007 $500 Elaine Wallace Belsches,lois C Warranty Deed · related —
    Jun 18, 2007 $3,550 Brenda Carroll-mitchell Raines,danny W & Rosina M Grant Deed · related —
    Aug 5, 2005 — Thomas R Mack JR. Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Aug 5, 2005 $5,000 Calvin D Alston SR. Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Assocs LLC
    Aug 5, 2005 $18,000 Evelyn C Ross Vacation Sales Associates LLC Grant Deed · related $7k · Vacation Sales Assocs LLC
    Aug 5, 2005 $5,500 William E Joyce Vacation Sales Associates LLC Grant Deed · related —
    Aug 5, 2005 $6,500 Pam J Browning Vacation Sales Associates LLC Grant Deed · related $6k · Vacation Sales Assocs LLC
    Aug 5, 2005 $17,000 James L Hayden Vacation Sales Associates LLC Grant Deed · related $15k · Vacation Sales Assocs LLC
    Aug 3, 2005 $14,000 Arthur R Ahlsted Vacation Sales Associates LLC Grant Deed · related $12k · Vacation Sales Assocs LLC
    Aug 3, 2005 $24,500 Benjamin J Parker SR. Vacation Sales Associates LLC Grant Deed · related $20k · Vacation Sales Assocs LLC
    Aug 3, 2005 $20,000 David J Raatz Vacation Sales Associates LLC Grant Deed · related $10k · Vacation Sales Assocs LLC
    Aug 3, 2005 $5,500 Michael A Montney Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Assocs LLC
    Aug 3, 2005 $15,500 Jeffrey S Kummerer Vacation Sales Associates LLC Grant Deed · related —
    Aug 3, 2005 $6,000 Don W Korte JR. Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 22, 2005 $10,000 Luther Roberts Vacation Sales Associates LLC Grant Deed · related $9k · Vacation Sales Assocs LLC
    Jul 22, 2005 $5,000 Claudell E Davis JR. Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Assocs LLC
    Jul 22, 2005 $5,500 Raymond J Brown Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 22, 2005 $18,000 Jonathan L Silvis Vacation Sales Associates LLC Grant Deed · related $10k · Vacation Sales Assocs LLC
    Jul 22, 2005 $6,000 Amanda C Fox Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 22, 2005 $9,000 Herbert A Hill Vacation Sales Associates LLC Grant Deed · related $8k · Vacation Sales Assocs LLC
    Jul 22, 2005 $17,000 Robert A Marks Vacation Sales Associates LLC Grant Deed · related $15k · Vacation Sales Assocs LLC
    Jul 19, 2005 $2,800 Pauletta Bratcher Ross,robert G & Joan S Grant Deed · related —
    Jul 18, 2005 $5,000 Samuel L Newsome Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Assocs LLC
    Jul 18, 2005 $17,000 Charles Goding Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 18, 2005 $5,500 Anthony A Zambas Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 18, 2005 $6,000 Kenneth R Samuels SR. Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 12, 2005 $3,170 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $5,274 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $8,105 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $5,207 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $5,459 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $5,596 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $7,345 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $7,480 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $3,408 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $8,640 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $8,763 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $5,470 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $3,075 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $5,618 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $8,666 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $4,353 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $4,241 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $6,418 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $9,387 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $5,606 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $2,730 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $25,980 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $8,389 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $3,698 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $8,897 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $6,297 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $10,565 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $3,925 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $3,309 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $9,558 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $12,296 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $12,617 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $4,480 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $5,204 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $5,779 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $3,675 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $7,788 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $6,406 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $3,556 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $8,651 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $9,628 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $20,481 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 12, 2005 $19,333 Vacation Sales Associates LLC Mayes Joseph R Trustees Deed · related —
    Jul 11, 2005 $16,000 Melinda G Cumbow Vacation Sales Associates LLC Grant Deed · related $6k · Vacation Sales Assocs LLC
    Jul 11, 2005 $9,000 Ervin Vesely JR. Vacation Sales Associates LLC Grant Deed · related $8k · Vacation Sales Assocs LLC
    Jul 11, 2005 $5,000 Jermaine A Carrington SR. Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Assocs LLC
    Jul 1, 2005 $5,000 Richard A Eckley Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Assocs LLC
    Jul 1, 2005 $6,500 John R Ingram JR. Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 1, 2005 $26,500 Ronald D Huff JR. Vacation Sales Associates LLC Grant Deed · related $24k · Vacation Sales Associates LLC
    Jul 1, 2005 $14,500 Joseph M Flite SR. Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 1, 2005 $10,000 John A Reading III Vacation Sales Associates LLC Grant Deed · related $9k · Vacation Sales Assocs LLC
    Jul 1, 2005 $6,000 John C Heiser Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Associates LLC
    Jul 1, 2005 $20,500 Modena R W Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 1, 2005 $5,500 Alvin D Newman Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Assocs LLC
    Jul 1, 2005 $15,500 Lashaunda A Person Vacation Sales Associates LLC Grant Deed · related $14k · Vacation Sales Assocs LLC
    Jun 28, 2005 $4,500 Renee M Hiles Patterson,holly N Grant Deed · related —
    Jun 27, 2005 $5,000 Jackie L Giddens Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Associates LLC
    Jun 27, 2005 $13,000 Lajeune R Williams Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Associates LLC
    Jun 27, 2005 $10,000 Alfredo Guerra Vacation Sales Associates LLC Grant Deed · related $9k · Vacation Sales Associates LLC
    Jun 27, 2005 $9,000 Marvin Dancy Vacation Sales Associates LLC Grant Deed · related $8k · Vacation Sales Associates LLC
    Jun 27, 2005 $5,500 Marjorie L Rice Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Associates LLC
    Jun 27, 2005 $19,000 John P Parkinson JR. Vacation Sales Associates LLC Grant Deed · related $10k · Vacation Sales Associates LLC
    Jun 27, 2005 $7,500 Donald S Lefler Vacation Sales Associates LLC Grant Deed · related $6k · Vacation Sales Associates LLC
    Jun 27, 2005 $14,500 Donald Davis Vacation Sales Associates LLC Grant Deed · related $13k · Vacation Sales Associates LLC
    Jun 27, 2005 $18,000 Alpheus J Parkes Vacation Sales Associates LLC Grant Deed · related $10k · Vacation Sales Associates LLC
    Jun 27, 2005 $500 Cindy Mills Mills,james L & Jacqueline M Grant Deed · related —
    Jun 27, 2005 $22,500 R Owens Vacation Sales Associates LLC Grant Deed · related $19k · Vacation Sales Associates LLC
    Jun 27, 2005 $24,500 Sylvester Ingram Vacation Sales Associates LLC Grant Deed · related $19k · Vacation Sales Associates LLC
    Jun 14, 2005 — Vacation Sales Associates LLC Robles,jason S & April C Deed In Lieu Of Foreclosure · related —
    Jun 14, 2005 $7,000 Vacation Sales Associates LLC Pratt,merle K Grant Deed · related —
    Jun 14, 2005 $5,000 Sean L Jones Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Associates LLC
    Jun 14, 2005 $14,000 Jeremy L Wilkerson Vacation Sales Associates LLC Grant Deed · related $12k · Vacation Sales Associates LLC
    Jun 14, 2005 $5,500 Curtis E Huddleston Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Associates LLC
    Jun 14, 2005 $20,500 John T Spara JR. Vacation Sales Associates LLC Grant Deed · related $16k · Vacation Sales Associates LLC
    Jun 14, 2005 $12,000 Angela A Robinson Vacation Sales Associates LLC Grant Deed · related $10k · Vacation Sales Associates LLC
    Jun 14, 2005 $18,000 Mary L Nelson Vacation Sales Associates LLC Grant Deed · related $14k · Vacation Sales Associates LLC
    Jun 14, 2005 $15,500 Lorrie A Carpenter Vacation Sales Associates LLC Grant Deed · related $10k · Vacation Sales Associates LLC
    Jun 14, 2005 $6,000 James H Sherrod Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Associates LLC
    Jun 14, 2005 $8,000 Vacation Sales Associates LLC Lee,lesley J Grant Deed · related —
    Jun 14, 2005 $16,500 Denise A Jones Vacation Sales Associates LLC Grant Deed · related $15k · Vacation Sales Associates LLC
    Jun 9, 2005 — Robert L Sawyer SR. Sawyer,robert L SR & Lula S Quit Claim Deed · related —
    Jun 3, 2005 $6,500 Sieghild Stoyanoff Vacation Sales Associates LLC Grant Deed · related $6k · Vacation Sales Associates LLC
    Jun 3, 2005 $5,000 Christopher S Gilbert Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Associates LLC
    Jun 3, 2005 $13,500 Frank J Zonar Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Associates LLC
    Jun 3, 2005 $5,500 Ashton E Knight Vacation Sales Associates LLC Grant Deed · related $5k · Vacation Sales Associates LLC
    Jun 3, 2005 $4,500 William V Cochrane SR. Vacation Sales Associates LLC Grant Deed · related —
    Jun 3, 2005 $11,500 Monroe L Williams SR. Vacation Sales Associates LLC Grant Deed · related $10k · Vacation Sales Associates LLC
    May 24, 2005 $9,000 James G Thetford Vacation Sales Associates LLC Grant Deed · related $8k · Vacation Sales Associates LLC
    May 24, 2005 $10,000 Larone Collins Vacation Sales Associates LLC Grant Deed · related $9k · Vacation Sales Associates LLC
    May 24, 2005 $18,000 Dennis E Riggle Vacation Sales Associates LLC Grant Deed · related $15k · Vacation Sales Associates LLC
    May 24, 2005 $6,500 Keith N Munroe Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Associates LLC
    May 24, 2005 $16,000 Calvin D Jones Vacation Sales Associates LLC Grant Deed · related $11k · Vacation Sales Associates LLC
    Apr 1, 2005 $5,000 Marnita C Henderson Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Associates LLC
    Apr 1, 2005 — Malcolm W Rankins Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Associates LLC
    Apr 1, 2005 $18,500 Khuzema A Savai Vacation Sales Associates LLC Grant Deed · related $11k · Vacation Sales Associates LLC
    Apr 1, 2005 $15,000 Abraham Morant Vacation Sales Associates LLC Grant Deed · related $11k · Vacation Sales Associates LLC
    Apr 1, 2005 $4,500 Willie U Satterthwaite Vacation Sales Associates LLC Grant Deed · related $4k · Vacation Sales Associates LLC
    — — Sylvia E Durant — Deed Of Trust · related $13k · Vacation Sales Associates LLC
    — — Alfred Marchigiani III — Deed Of Trust · related $12k · Vacation Sales Assocs

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,732,000
      Market price range: $6.79M - $75.0M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -75.9754
    Latitude
    36.851
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $110,167
    $8,311,200
    $2,816,800
    $11,128,000
    -
    $8,311,200
    $2,816,800
    $11,128,000

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    Virginia Beach, VA 23451-3233
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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