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Property profile & analytics
OFF-MARKET
Estimated value
$6,755,000
Hotels
5733 Cleveland St Virginia Beach, VA 23462-1751
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1334677
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
101,274 SF
Lot
2.44 ac (106,272 SF)
Zoning code
H1
APN
14672613390000
UPID
US87-1334677
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
-
Homewood Suites by Hilton Virginia Beach/Norfolk Airport Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.76M
Owner & transaction history
Va Beach Hotel Partners LLC · 19 yrs held
Va Beach Hotel Partners LLC
since 2006
6 recorded transactions
Zoning & alternative use
H1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$67 / 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
$161,664
Tax year 2024
Assessed value
$16,329,700
Assessed 2024
Previous assessed
$16,329,700
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,361,800
Assessed improvement
$14,967,900
Land market value
$1,361,800
Improvement market value
$14,967,900
Total market value
$16,329,700
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
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
6
Total area
101,274 SF
Lot
2.44 ac (106,272 SF)
Zoning code
H1
APN
14672613390000
UPID
US87-1334677
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
H1 · Virginia Beach, VA
Zoning H1 · permitted uses
H1 · 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
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
6
Lot
2.44 ac
Current owner
From public records · entity-resolved
Va Beach Hotel Partners LLC
Entity
Mailing address
1635 43RD ST S STE #305, FARGO, ND 58103-3579
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Feb 4, 2022
—
Lof2 Virginia Beach LLC
—
Deed
related
$15,000,000 · Western Alliance Bank
Sep 30, 2016
—
Va Beach Hotel Partners LLC
—
Deed
related
$11,000,000 · S&t Bk
Aug 21, 2014
—
Va Beach Hotel Partners LLC
—
Deed Of Trust
related
$11,000,000 · S&t Bk
Apr 10, 2007
—
Virginia Beach Hotel Ptrs LLC
—
Deed Of Trust
related
$12,500,000 · Branch Banking & Trust Co
Nov 29, 2006
—
Va Beach Hotel Partners LLC
Ventureast Two Corp
Grant Deed
related
—
—
—
Va Beach Hotel Partners LLC
—
Loan Modification
related
$11,000,000 · S&t 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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