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    Property profile & analytics

    3244 Western Br Blvd Chesapeake, VA 23321-5220

    • Motels
    • 15,998 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimation
    $645,000
    Last Sale
    Jul 23, 2021
    $600,000
    Location Intelligence
    Property ID
    US87-0921505
    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.

    Current Use by Public Records

    • Budget Lodge - Churchland, Chesapeake, VA / Motel
    • Rodeway Inn Churchland / Motel / Lodge

    Property Details for 3244 Western Br Blvd

    Year built
    1989
    Lot size
    0.85 lot acres
    Property size
    15,998 SF
    Zone code
    B1: NEIGHBORHOOD BUSINESS
    Property type
    Motels
    APN
    50000000927
    APU
    50000000927

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $640,000

    • CAP approach

      CAP return
      Estimation
      6%
      $660,000
      6.5%
      $615,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $715,000
      Geo Method
      $755,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $590,000
      Retail
      $520,000
      Mixed-Use
      $675,000
      Hospitality
      $530,000
      Educational
      $645,000
      Residential Income
      $500,000
      Energy
      $595,000
      Income-Based Land
      $615,000
      Food Service
      $560,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Chesapeake City
    State
    Virginia
    Longitude
    -76.4078
    Latitude
    36.8652
    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
    2019
    $14,473
    $423,000
    $2,270,300
    $2,693,300
    -
    $423,000
    $2,270,300
    $2,693,300

    Comparable in this City

    • Value Estimation by Request
      33,944 SF

      4433 Military Hwy

      MOTEL • 33,944 SF
      4433 Military Hwy, Chesapeake, VA 23321-1713
      View Details
    • Value Estimation by Request
      19,468 SF

      4725 Military Hwy

      MOTEL • 19,468 SF
      4725 Military Hwy, Chesapeake, VA 23321-1728
      View Details
    • Value Estimation by Request
      52,016 SF

      2424 Gum Rd

      MOTEL • 52,016 SF
      2424 Gum Rd, Chesapeake, VA 23321-1510
      View Details
    • Value Estimation
      $2,775,000
      40,808 SF

      3235 Western Br Blvd

      MOTEL • 40,808 SF
      3235 Western Br Blvd, Chesapeake, VA 23321-5219
      View Details
    • Value Estimation by Request
      39,183 SF

      3214 Churchland Blvd

      MOTEL • 39,183 SF
      3214 Churchland Blvd, Chesapeake, VA 23321-5206
      View Details
    • Value Estimation by Request
      53,200 SF

      4809 Market Pl

      MOTEL • 53,200 SF
      4809 Market Pl, Chesapeake, VA 23321-2235
      View Details

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      Adaptable office property in prime Chesapeake location with excellent accessibility.
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    Similar Nearby for Lease

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      2,400 SF

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      Two retail suites, prime location. Ideal for startups.
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      Versatile office suite in Chesapeake, ideal for small businesses.
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      Land Parcel For Lease

      Land parcel available for lease near Food Lion.
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      660 SF

      Retail Space in Chesapeake, VA

      Retail space available for lease in Chesapeake, Virginia.
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      185,322 SF

      Prime Chesapeake Executive Office Space

      Spacious suites, ample parking, high visibility.
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    • Contact for pricing
      8,500 SF

      Secured Chesapeake Storage and Shop

      Flexible storage and shop space in Chesapeake, Virginia.
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      View Details
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    Chesapeake, VA 23321-5220
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    Realmo Value Estimation

    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.

    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.

    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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