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Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Hotels
501 Wildwood Rd, Salem, VA 24153-1580
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0963700
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Lot
2.61 ac (113,822 SF)
Zoning code
HBD
APN
94-1-4
UPID
US87-0963700
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
-
avid hotel Salem, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.00M
Owner & transaction history
Unique Hospitality LLC · 1 yrs held
Unique Hospitality LLC
since 2024
Last sale
$6.0M
6 recorded transactions
Zoning & alternative use
HBD · Salem, 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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Jul 22 2024)
Last sale anchor
$6.00M
Jul 22 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
—
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
$66,137
Tax year 2023
Assessed value
$5,511,400
Assessed 2023
Previous assessed
$5,263,400
+4.7% YoY
Effective rate
1.20%
On assessed value
Assessed land
$502,400
Assessed improvement
$5,009,000
Land market value
$502,400
Improvement market value
$5,009,000
Total market value
$5,511,400
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
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
87
Lot
2.61 ac (113,822 SF)
Zoning code
HBD
APN
94-1-4
UPID
US87-0963700
Jurisdiction
SALEM CITY
Zoning & alternative use
HBD · Salem, VA
Zoning HBD · permitted uses
HBD · Salem, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
87
Lot
2.61 ac
Current owner
From public records · entity-resolved
Unique Hospitality LLC
Entity
Mailing address
501 WILDWOOD RD, SALEM, VA 24153-1580
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
$6,000,000
Unique Hospitality LLC
Narayan Hotel LLC
Deed
$8,000,000 · Ridge View Lpo
Mar 3, 2023
$9,500,000
Narayan Hotel LLC
Dev Om LLC
Re-recorded Document
related
—
Jan 20, 2023
—
Narayan Hotel LLC
Dev Om LLC
Re-recorded Document
related
—
Dec 21, 2022
$9,500,000
Narayan Hotel LLC
Dev Om LLC
Deed
$6,500,000 · Ridge View Lpo
Mar 17, 2016
$80,000
Kirtesh D Patel
Padalia,yashvantrai
Grant Deed
—
Nov 25, 2009
$300,000
Patel,kirtesh Etal
Owner Name Unavailable
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.
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