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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Hotels
2222 Military Hwy Chesapeake, VA 23320-5947
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0141053
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1990
Total area
23,508 SF
Lot
1.03 ac (44,780 SF)
Zoning code
B3: HIGHWAY SERVICE
APN
270000000083
UPID
US87-0141053
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
-
Econo Lodge Chesapeake Route 13 And I-464 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.54M
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.86M
Owner & transaction history
Anshi Hospitality Virginia Beach Ll · 1 yrs held
Anshi Hospitality Virginia Beach Ll
since 2025
Last sale
$2.9M
1 recorded transaction
Zoning & alternative use
B3: HIGHWAY SERVICE · Chesapeake, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+1,403.8%
Office building
$2.1M
+741.6%
Auto repair, garage
$1.9M
+654.2%
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 Chesapeake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake 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
$3,020,000
ML approach
$3,540,000
CAP Approach
CAP Return
Estimation
6%
$2,950,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,745,000
Change: +1,404% · Conversion: Difficult
OFFICE BUILDING
$2,095,000
Change: +742% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,880,000
Change: +654% · Conversion: Difficult
RESTAURANT
$1,875,000
Change: +653% · Conversion: Difficult
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10% · vs last sale $2.85M (Jun 2 2025)
Last sale anchor
$2.85M
Jun 2 2025
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
$122 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$19,901
Tax year 2019
Assessed value
$2,534,900
Assessed 2023
Previous assessed
$2,048,800
+23.7% YoY
Effective rate
0.79%
On assessed value
Assessed land
$462,600
Assessed improvement
$2,072,300
Land market value
$462,600
Improvement market value
$2,072,300
Total market value
$2,534,900
Applied tax rate
42.0000
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
1990
Heating
HEAT PUMP
Stories
20
Units
1
Total area
23,508 SF
Lot
1.03 ac (44,780 SF)
Zoning code
B3: HIGHWAY SERVICE
APN
270000000083
UPID
US87-0141053
Jurisdiction
CHESAPEAKE CITY
Zoning & alternative use
B3: HIGHWAY SERVICE · Chesapeake, VA
Zoning B3: HIGHWAY SERVICE · permitted uses
B3: HIGHWAY SERVICE · Chesapeake, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesapeake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RESTAURANT
Est. value
$1.9M
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1990
Heating
HEAT PUMP
Stories
20
Units
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Anshi Hospitality Virginia Beach Ll
Individual
Mailing address
2222 S MILITARY HWY, CHESAPEAKE, VA 23320-5947
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
$2,850,000
Anshi Hospitality Virginia Beach Ll
Kapri INC
Special Warranty Deed
$2,650,000 · Kapri INC
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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