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Property profile & analytics
OFF-MARKET
Estimated value
$4,980,000
Hotels
5819 Northampton Blvd 110 Virginia Beach, VA 23455-4622
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0029048
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1971
Construction
TYPE NOT SPECIFIED
Total area
41,201 SF
Lot
1.55 ac (67,728 SF)
Zoning code
H1
APN
14589886360000
UPID
US87-0029048
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
-
Econo Lodge Inn & Suites I-64 & Us 13 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.61M
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.98M
Owner & transaction history
Sri Shiv LLC · 4 yrs held
Sri Shiv LLC
since 2021
Last sale
$4.6M
7 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
Method
Estimation
Statistic approach
$5,390,000
ML approach
$5,605,000
CAP Approach
CAP Return
Estimation
6%
$5,165,000
6.5%
$4,770,000
7%
$4,430,000
Blend value · Realmo final
$4.98M
Range $4.48M – $5.48M · ±10% · vs last sale $4.57M (Dec 15 2021)
Last sale anchor
$4.57M
Dec 15 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
$121 / 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
$41,037
Tax year 2024
Assessed value
$4,145,200
Assessed 2024
Previous assessed
$4,145,200
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$806,700
Assessed improvement
$3,338,500
Land market value
$806,700
Improvement market value
$3,338,500
Total market value
$4,145,200
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
1971
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Units
105
Total area
41,201 SF
Lot
1.55 ac (67,728 SF)
Zoning code
H1
APN
14589886360000
UPID
US87-0029048
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
1971
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Units
105
Lot
1.55 ac
Current owner
From public records · entity-resolved
Sri Shiv LLC
Entity
Mailing address
1204 WISHART LK DR, VIRGINIA BEACH, VA 23455-5563
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$4,570,000
Sri Shiv LLC
Sun Mgmt LLC
Deed
$3,300,000 · Peapack Gladstone Bank
Nov 7, 2017
—
Sun Mgmt LLC
—
Deed
related
$150,000 · Langley FCU
May 2, 2017
—
Sun Mgmt LLC
—
Deed
related
$3,300,000 · Langley FCU
Apr 15, 2014
$3,200,000
Sun Mgmt LLC
Sita Hospitality LLC
Grant Deed
$2,400,000 · Certusbank NA
Jun 11, 2008
—
Sita Hospitality LLC
—
Grant Deed
related
$1,200,000 · Bank Of Commonwealth
Nov 13, 2007
—
Sita Hospitality LLC
—
Deed Of Trust
related
$1,850,000 · Towne Bank
Aug 25, 2005
$1,791,000
Sita Hospitality LLC
Nhb LLC
Grant Deed
—
—
—
Sita Hospitality LLC
—
Deed Of Trust
related
$150,000 · Eagle Bank
—
—
Sita Hospitality LLC
—
Deed Of Trust
related
$145,000 · Purnima Patel
—
—
Sun Mgmt LLC
—
Deed Of Trust
related
$150,000 · Monarch Bk
—
—
Sun Mgmt LLC
—
Loan Modification
related
$250,000 · Monarch Bk
—
—
Sun Mgmt LLC
—
Deed Of Trust
related
$3,300,000 · Langley FCU
—
—
Sun Mgmt LLC
—
Deed Of Trust
related
$150,000 · Langley FCU
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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