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Property profile & analytics
OFF-MARKET
Estimated value
$50,000,000
Hotels
3910 Atlantic Ave Virginia Beach, VA 23451
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3963339
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1995
Total area
2,112 SF
Lot
0.12 ac (5,088 SF)
Zoning code
OR
APN
24189582260000
UPID
US87-3963339
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$50.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.00M
Owner & transaction history
Harrison Virginia Beach North Spe L · 2 yrs held
Harrison Virginia Beach North Spe L
since 2024
Last sale
$50.0M
5 recorded transactions
Zoning & alternative use
OR · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Apply for a permit, submit applications or request inspections. Related Documents Flex suite application Portable storage container application Request for second electrical service Zoning verification letter application Zoning Maps Select individual grids in the zoning grid reference map to see the zoning map for that location. Zoning grid reference map Di…
Zone name
Oceanfront Resort
General category
COMMERCIAL
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
$50,000,000
ML approach
$50,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$50.00M
Range $45.00M – $55.00M · ±10% · vs last sale $50.00M (Jun 24 2024)
Last sale anchor
$50.00M
Jun 24 2024
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
$23,674 / 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
$7,093
Tax year 2024
Assessed value
$716,500
Assessed 2024
Previous assessed
$716,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$708,800
Assessed improvement
$7,700
Land market value
$708,800
Improvement market value
$7,700
Total market value
$716,500
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
1995
Heating
NONE
Total area
2,112 SF
Lot
0.12 ac (5,088 SF)
Zoning code
OR
APN
24189582260000
UPID
US87-3963339
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
OR · Virginia Beach, VAZoning 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
Zoning description
Apply for a permit, submit applications or request inspections. Related Documents Flex suite application Portable storage container application Request for second electrical service Zoning verification letter application Zoning Maps Select individual grids in the zoning grid reference map to see the zoning map for that location. Zoning grid reference map Divisions & Offices Director's Office Comprehensive Planning Development Services Center Permits & Inspections Planning Administration Zoning Administration Information Notices Contact City of Virginia Beach 2401 Courthouse Drive (757) 385-3111 [email protected] VirginiaBeach.gov Accessibility ADA Information Notice Under the ADA Employee Portal Website Policy Department Directory ©2026 City of Virginia Beach. All Rights Reserved.
Zone name
Oceanfront Resort
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Harrison Virginia Beach North Spe L
Individual
Mailing address
1801 PHILADELPHIA AVE, OCEAN CITY, MD 21842-3545
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
$50,000,000
Harrison Virginia Beach North Spe L
Aqua Investment Associates LP
Special Warranty Deed
$37,000,000 · Kimberly Hargrove
Dec 30, 2014
—
Aqua Investment Associates LP
—
Grant Deed
related
$20,000,000 · Monarch Bk
Dec 30, 2009
—
Aqua Investment Associates LP
—
Grant Deed
related
$15,000,000 · Towne Bank
Apr 3, 2007
$420,000
Aqua Investment Associates
Michaels,stephen & Nicholas
Grant Deed
—
—
—
Aqua Investment Associates LP
—
Loan Modification
related
$20,000,000 · 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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