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Property profile & analytics
OFF-MARKET
Hotels
315 21st St 415 Virginia Beach, VA 23451-3322
Individually Owned
9-yr Hold
Free & Clear
Property ID
US87-3643281
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1985
Construction
TYPE NOT SPECIFIED
Zoning code
OR
APN
24270865817910
UPID
US87-3643281
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 Atrium Resort Hotel & Motel Resort
-
Tesla Destination Charger Electric Vehicle Charging Station
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kenneth H Hedgecock JR · 9 yrs held
Kenneth H Hedgecock JR
since 2017
7 recorded transactions
Zoning & alternative use
OR · Virginia Beach, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,062
Tax year 2024
Assessed value
$107,300
Assessed 2024
Previous assessed
$107,300
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$67,400
Assessed improvement
$39,900
Land market value
$67,400
Improvement market value
$39,900
Total market value
$107,300
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-RESORT
Status
Off-Market
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Zoning code
OR
APN
24270865817910
UPID
US87-3643281
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
OR · Virginia Beach, VA
Zoning OR · permitted uses
OR · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Virginia Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Current owner
From public records · entity-resolved
Kenneth H Hedgecock JR
Individual
Free & Clear · 9 yrs held
Mailing address
PO BOX 9295, VIRGINIA BEACH, VA 23450-9295
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2017
—
Kenneth H Hedgecock JR
Hedgecock,jerry L & Barbara F
Quit Claim Deed
related
—
Apr 3, 2017
—
Diane Richardson
Nicholas,kathy S
Quit Claim Deed
related
—
Mar 14, 2017
$665
Robert L Helms
Helms,erika B
Quit Claim Deed
related
—
May 5, 2016
—
Curtis W Quarles
Quarles,curtis W & Lorraine T
Quit Claim Deed
related
—
Mar 7, 2013
—
Jackie Bynum
Lloyd,stevan
Quit Claim Deed
related
—
Feb 19, 2008
$500
Ernest C Mills JR.
Vi Network INC
Warranty Deed
related
—
Nov 13, 2007
$500
Jayson Pena
Stephens,kim D
Warranty Deed
related
—
Nov 9, 2007
$500
Norman Spector
Zawisa,stephen A SR & Karen A
Warranty Deed
related
—
Nov 6, 2007
$500
Lori Parisi
Melchor,gail B
Warranty Deed
related
—
Sep 21, 2007
$500
G Bertrand Harper
Johnson,lavita D
Warranty Deed
related
—
Sep 21, 2007
—
Timeshare Holdings Co LLC
Booth,john D
Warranty Deed
related
—
Aug 13, 2007
$500
Rick Rhodes
Fryer,daisey M
Warranty Deed
related
—
Aug 2, 2007
$500
Linda Engel
Lane,deborah A
Warranty Deed
related
—
May 29, 2007
$500
Brett Williams
Cooney,victoria
Warranty Deed
related
—
May 25, 2007
$100
Vi Network INC
Johnson,melissa M
Warranty Deed
related
—
May 4, 2007
$500
Michael Tenley
Midyette,lucille P
Warranty Deed
related
—
Apr 24, 2007
—
Peach Pie LLC
Vanhook,david V & Elizabeth S
Warranty Deed
related
—
Mar 26, 2007
—
Michael Steffen
Ward,roger A JR
Warranty Deed
related
—
Feb 7, 2007
$500
Ashtone E Fatula
West,foster W
Warranty Deed
related
—
Nov 3, 2006
—
Vi Network INC
Abrahamson,stuart M & Catherine R
Warranty Deed
related
—
Jul 12, 2005
$1,772
Vacation Sales Associates LLC
Mayes Joseph R
Trustees Deed
related
—
Jun 14, 2005
$6,000
Vacation Sales Associates LLC
Bomze,jay B & Kimberly A
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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