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Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Hotels
508 Water St Yorktown, VA 23690
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-1229016
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1965
Total area
26,084 SF
Lot
1.52 ac (66,342 SF)
Zoning code
YORKTOWN VILLAGE ACTIVITY
APN
P12D-2931-0924
UPID
US87-1229016
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
$3.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.11M
Owner & transaction history
508 Water Street LLC · 5 yrs held
508 Water Street LLC
since 2021
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
YORKTOWN VILLAGE ACTIVITY · Yorktown, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+145.2%
Industrial (general)
$2.6M
+50.7%
Restaurant
$2.6M
+48.6%
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 Yorktown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yorktown 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
$3,165,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,235,000
Change: +145% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,605,000
Change: +51% · Conversion: Difficult
RESTAURANT
$2,570,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,115,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$2,070,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±10% · vs last sale $3.00M (Jul 7 2021)
Last sale anchor
$3.00M
Jul 7 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
$119 / 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
$19,741
Tax year 2024
Assessed value
$2,667,700
Assessed 2024
Previous assessed
$2,621,700
+1.8% YoY
Effective rate
0.74%
On assessed value
Assessed land
$832,100
Assessed improvement
$1,835,600
Land market value
$832,100
Improvement market value
$1,835,600
Total market value
$2,667,700
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
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
1965
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Rooms
57
Total area
26,084 SF
Lot
1.52 ac (66,342 SF)
Zoning code
YORKTOWN VILLAGE ACTIVITY
APN
P12D-2931-0924
UPID
US87-1229016
Jurisdiction
YORK
Zoning & alternative use
YORKTOWN VILLAGE ACTIVITY · Yorktown, VA
Zoning YORKTOWN VILLAGE ACTIVITY · permitted uses
YORKTOWN VILLAGE ACTIVITY · Yorktown, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yorktown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1965
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Rooms
57
Lot
1.52 ac
Current owner
From public records · entity-resolved
508 Water Street LLC
Entity
Mailing address
PO BOX 100, YORKTOWN, VA 23690-0100
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
$3,000,000
508 Water Street LLC
Crockett Enterprises LLC
Warranty Deed
$2,350,000 · Crockett Enterprises LLC
May 27, 2008
—
Crockett Enterprises LLC
Crockett,paul W JR
Quit Claim Deed
related
—
Jun 4, 2007
$875,400
Paul,w Crocket JR Trust
Crockett,karen Foelsche
Deed Of Trust
related
$1,500,000 · Wachovia Bank NA
—
—
Crockett Ents LLC
—
Deed Of Trust
related
$800,000 · 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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