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Property profile & analytics
FOR LEASE
Hotels
351 York St Williamsburg, VA 23185
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-3022596
For Lease
1 / 11
$3,380,000
351 York St, Williamsburg, VA 23185
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1971
Total area
72,536 SF
Lot
3.02 ac (131,377 SF)
Zoning code
B-2 (CORRIDOR BUSINESS)
APN
2621.812.673
UPID
US87-3022596
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
-
Taqueria Maria Bonita Bar & Grill, LLC Restaurant
-
Best Western Williamsburg Historic District Hotel & Motel
-
Siemens Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$3.38M
Owner & transaction history
Swaminaryan LLC · 4 yrs held
Swaminaryan LLC
since 2021
Last sale
$3.5M
1 recorded transaction
Zoning & alternative use
B-2 (CORRIDOR 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
$3,150,000
ML approach
$3,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.38M
Range $3.04M – $3.72M · ±10% · vs last sale $3.50M (Nov 19 2021)
Last sale anchor
$3.50M
Nov 19 2021
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
$47 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$25,328
Tax year 2023
Assessed value
$4,085,200
Assessed 2023
Previous assessed
$3,465,300
+17.9% YoY
Effective rate
0.62%
On assessed value
Assessed land
$1,148,400
Assessed improvement
$2,936,800
Land market value
$1,148,400
Improvement market value
$2,936,800
Total market value
$4,085,200
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
For Lease
Year built
1971
Heating
FORCED AIR
Buildings
2
Stories
4
Total area
72,536 SF
Lot
3.02 ac (131,377 SF)
Zoning code
B-2 (CORRIDOR BUSINESS)
APN
2621.812.673
UPID
US87-3022596
Jurisdiction
WILLIAMSBURG CITY
Zoning & alternative use
B-2 (CORRIDOR BUSINESS) · Williamsburg, VA
Zoning B-2 (CORRIDOR BUSINESS) · permitted uses
B-2 (CORRIDOR BUSINESS) · Williamsburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Heating
FORCED AIR
Stories
4
Buildings
2
Lot
3.02 ac
Current owner
From public records · entity-resolved
Swaminaryan LLC
Entity
Free & Clear · 4 yrs held
Mailing address
123 LAURENS LN, COLONIAL HEIGHTS, VA 23834-2214
Ownership since
2021
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
Nov 19, 2021
$3,500,000
Swaminaryan LLC
351 York Street LLC
Special Warranty Deed
—
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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