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Property profile & analytics
OFF-MARKET
Estimated value
$4,705,000
Hotels
5240 Airport Sq Ln Sandston, VA 23150-1230
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0929330
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Total area
25,484 SF
Lot
1.82 ac (79,366 SF)
Zoning code
B-3
APN
818-714-7468
UPID
US87-0929330
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
-
Quality Inn Richmond Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.81M
CAP Approach
CAP
$3.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.71M
Owner & transaction history
Kr Hospitality LLC · 3 yrs held
Kr Hospitality LLC
since 2023
Last sale
$4.8M
3 recorded transactions
Zoning & alternative use
B-3 · Sandston, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+1,079.5%
Retail stores
$3.2M
+747.5%
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 Sandston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandston 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
$4,420,000
ML approach
$4,810,000
CAP Approach
CAP Return
Estimation
6%
$4,045,000
6.5%
$3,730,000
7%
$3,465,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,390,000
Change: +1,080% · Conversion: Difficult
RETAIL STORES
$3,155,000
Change: +747% · Conversion: Difficult
Blend value · Realmo final
$4.71M
Range $4.23M – $5.18M · ±10% · vs last sale $4.80M (May 30 2023)
Last sale anchor
$4.80M
May 30 2023
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
$185 / 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
$24,716
Tax year 2023
Assessed value
$2,897,500
Assessed 2024
Previous assessed
$2,897,500
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$428,600
Assessed improvement
$2,468,900
Land market value
$428,600
Improvement market value
$2,468,900
Total market value
$2,897,500
Applied tax rate
5.0000
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/MOTEL
Status
Off-Market
Year built
1997
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Total area
25,484 SF
Lot
1.82 ac (79,366 SF)
Zoning code
B-3
APN
818-714-7468
UPID
US87-0929330
Jurisdiction
HENRICO
Zoning & alternative use
B-3 · Sandston, VA
Zoning B-3 · permitted uses
B-3 · Sandston, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sandston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$3.2M
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
1.82 ac
Current owner
From public records · entity-resolved
Kr Hospitality LLC
Entity
Mailing address
5240 AIRPORT SQ LN, SANDSTON, VA 23150-1230
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
$4,800,000
Kr Hospitality LLC
Aarvi Hospitality LLC
Special Warranty Deed
$3,840,000 · Woori America Bank
Nov 20, 2018
$3,750,000
Aarvi Hospitality LLC
Ssn Richmond Hospitality LLC
Special Warranty Deed
$3,100,000 · The Mint National Bank
Oct 7, 2014
—
Ssn Richmond Hospitality LLC
—
Grant Deed
related
$1,402,500 · First Cmnty Bk
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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