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Property profile & analytics
OFF-MARKET
Estimated value
$47,165,000
Hotels
2800 Shr Dr Virginia Beach, VA 23451-1327
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2866010
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Construction
CONCRETE
Total area
295,998 SF
Lot
3.22 ac (140,220 SF)
APN
15903180160000
UPID
US87-2866010
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
-
Delta Hotels Virginia Beach Waterfront Hotel & Motel
-
LibertyX Bitcoin ATM Atm
-
Virginia Beach Resort Hotel and Conference Center Hotel & Motel
-
Tides Coastal Kitchen Restaurant
-
Beach City Con Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.27M
Comparable Approach
Comparable
$30.00M
Blend (final)
Blend
$47.17M
Owner & transaction history
Dvb Hotel Operating Company LLC · 4 yrs held
Dvb Hotel Operating Company LLC
since 2022
Last sale
$58.9M
4 recorded transactions
Zoning & alternative use
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 Virginia Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Virginia Beach 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
$53,725,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,120,000
6.5%
$34,265,000
7%
$31,815,000
Blend value · Realmo final
$47.17M
Range $42.45M – $51.88M · ±10% · vs last sale $58.92M (Jun 22 2022)
Last sale anchor
$58.92M
Jun 22 2022
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
$159 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$613,863
Tax year 2024
Assessed value
$62,006,400
Assessed 2024
Previous assessed
$52,976,700
+17.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$4,487,000
Assessed improvement
$57,519,400
Land market value
$4,487,000
Improvement market value
$57,519,400
Total market value
$62,006,400
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
1986
Construction
CONCRETE
Heating
NONE
Stories
9
Total area
295,998 SF
Lot
3.22 ac (140,220 SF)
APN
15903180160000
UPID
US87-2866010
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
NONE
Stories
9
Lot
3.22 ac
Current owner
From public records · entity-resolved
Dvb Hotel Operating Company LLC
Entity
Mailing address
3625 N HALL ST, DALLAS, TX 75219-5106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2025
—
Dvb Hotel Operating Company LLC
—
Deed
related
$61,000,000 · Access Point Financial LLC
Jun 22, 2022
$58,921,841
Dvb Hotel Operating Company LLC
Lcp Virginia Beach Hotel Owner LLC
Special Warranty Deed
$62,500 · Fortress Credit Corp
Jun 22, 2022
—
Dvb Hotel Operting Company LLC
Lcp Virginia Beach Hotel Owner LLC
Assignment Of Lease (leasehold Sale)
—
Mar 9, 2021
—
Csvab LLC
Lcp Virginia Beach Hotel Owner LLC
Special Warranty Deed
$1,000 · Commonwealth Lodging Management LLC
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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