Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,725,000
Hotels
5655 Greenwich Rd 113 Virginia Beach, VA 23462-6515
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0239985
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1981
Construction
TYPE NOT SPECIFIED
Total area
132,325 SF
Lot
6.69 ac (291,586 SF)
Zoning code
R40
APN
14671560010000
UPID
US87-0239985
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
-
Ashley's On Greenwich Restaurant
-
The Blu Bar Bar & Pub
-
Holiday Inn Virginia Beach - Norfolk Hotel & Motel
-
Tidewater Real Estate Investors Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.66M
CAP Approach
CAP
$12.77M
Comparable Approach
Comparable
$10.91M
Blend (final)
Blend
$13.73M
Owner & transaction history
Lake Wright Properties LLC · 2 yrs held
Lake Wright Properties LLC
since 2023
Last sale
$16.3M
3 recorded transactions
Zoning & alternative use
R40 · Virginia Beach, 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 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
$16,500,000
ML approach
$9,660,000
CAP Approach
CAP Return
Estimation
6%
$13,830,000
6.5%
$12,765,000
7%
$11,855,000
Blend value · Realmo final
$13.73M
Range $12.35M – $15.10M · ±10% · vs last sale $16.25M (Dec 19 2023)
Last sale anchor
$16.25M
Dec 19 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
$104 / 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
$174,163
Tax year 2024
Assessed value
$17,592,200
Assessed 2024
Previous assessed
$17,592,200
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,245,200
Assessed improvement
$15,347,000
Land market value
$2,245,200
Improvement market value
$15,347,000
Total market value
$17,592,200
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/MOTEL
Status
Off-Market
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
6
Total area
132,325 SF
Lot
6.69 ac (291,586 SF)
Zoning code
R40
APN
14671560010000
UPID
US87-0239985
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
R40 · Virginia Beach, VA
Zoning R40 · permitted uses
R40 · Virginia Beach, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Virginia Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
6
Buildings
2
Lot
6.69 ac
Current owner
From public records · entity-resolved
Lake Wright Properties LLC
Entity
Mailing address
1300 DIAMOND SPGS RD STE #204, VIRGINIA BEACH, VA 23455-3645
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Dec 19, 2023
$16,250,000
Lake Wright Properties LLC
Route 1 LLC
Special Warranty Deed
$15,100,000 · Atlantic Union Bank
Dec 28, 2007
—
Route 1 LLC
Mony Life Insurance
Deed Of Trust
related
$14,700,000 · Manufacturers Traders & Trust
—
—
Route 1 LLC
—
Deed Of Trust
related
$3,500,000 · Manufacturers Traders & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5655 Greenwich Rd, Unit 113?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
