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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Hotels
331 Byp Rd Williamsburg, VA 23185-2922
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US87-0442256
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Total area
51,180 SF
Lot
3.54 ac (154,202 SF)
Zoning code
GENERAL BUSINESS
APN
D15D-3084-2479
UPID
US87-0442256
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
-
Comfort Inn Williamsburg Gateway Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Bypass Road Hospitality LLC · 14 yrs held
Bypass Road Hospitality LLC
since 2012
7 recorded transactions
Zoning & alternative use
GENERAL BUSINESS · Williamsburg, 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 Williamsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsburg 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,245,000
Change: -16% · Conversion: Difficult
RESTAURANT
$4,065,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±10%
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
$52 / 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
$63,743
Tax year 2024
Assessed value
$8,613,900
Assessed 2024
Previous assessed
$5,209,900
+65.3% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,169,300
Assessed improvement
$7,444,600
Land market value
$1,169,300
Improvement market value
$7,444,600
Total market value
$8,613,900
Applied tax rate
5,104,150.0000
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
1989
Heating
GAS
Cooling
CENTRAL
Stories
3
Rooms
12
Total area
51,180 SF
Lot
3.54 ac (154,202 SF)
Zoning code
GENERAL BUSINESS
APN
D15D-3084-2479
UPID
US87-0442256
Jurisdiction
YORK
Zoning & alternative use
GENERAL BUSINESS · Williamsburg, VAZoning GENERAL BUSINESS · permitted uses
GENERAL BUSINESS · Williamsburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$4.2M
RESTAURANT
Est. value
$4.1M
RETAIL STORES
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
1989
Heating
GAS
Cooling
Yes
Stories
3
Rooms
12
Lot
3.54 ac
Current owner
From public records · entity-resolved
Bypass Road Hospitality LLC
Entity
Mailing address
PO BOX 3535, WILLIAMSBURG, VA 23187-3535
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2018
—
Bypass Road Hospitality LLC
—
Deed
related
$2,000,000 · Blue Ridge Bank NA
Jun 29, 2012
$1,125,000
Bypass Road Hospitality LLC
Southeastern Virginia Inv Prop
Deed Of Trust
related
$1,960,000 · Towne Bank
May 4, 2012
—
Virginia Inv P Ro Southeastern
Mimar Investment Co
Trustees Deed
related
—
Nov 23, 2010
$3,331,887
Southeastern Inv Props LLC
Mimar Investments Co
Deed In Lieu Of Foreclosure
related
—
Mar 14, 2008
—
Mimar Investment Co
—
Grant Deed
related
$3,500,000 · Towne Bank
—
—
Bypass Road Hospitality LLC
—
Deed Of Trust
related
$4,500,000 · Bank Of Virginia
—
—
Bypass Road Hospitality LLC
—
Loan Modification
related
$3,445,000 · Towne Bank
—
—
Mimer Investment Co
—
Loan Modification
related
$64,454 · Towne Bank
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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