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Property profile & analytics
OFF-MARKET
Estimated value
$11,145,000
Hotels
600 Atlantic Ave Virginia Beach, VA 23451-3524
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0278932
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Construction
FRAME
Total area
170,688 SF
Lot
1.72 ac (74,762 SF)
Zoning code
OR
APN
24272373970000
UPID
US87-0278932
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
-
Suffolk Va Church
-
Masons Famous Lobster Rolls Restaurant
-
Turtle Cay Resort Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.38M
Blend (final)
Blend
$11.15M
Owner & transaction history
Ryan L Shane · 1 yrs held
Ryan L Shane
since 2024
7 recorded transactions
Zoning & alternative use
OR · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.15M
Range $10.03M – $12.26M · ±10%
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
$65 / 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
$213,835
Tax year 2024
Assessed value
$21,599,500
Assessed 2024
Previous assessed
$21,599,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$9,732,300
Assessed improvement
$11,867,200
Land market value
$9,732,300
Improvement market value
$11,867,200
Total market value
$21,599,500
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
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
NONE
Buildings
3
Stories
3
Total area
170,688 SF
Lot
1.72 ac (74,762 SF)
Zoning code
OR
APN
24272373970000
UPID
US87-0278932
Jurisdiction
VIRGINIA BEACH CITY
Zoning & alternative use
OR · Virginia Beach, VA
Zoning OR · permitted uses
OR · 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
1998
Construction
FRAME
Heating
NONE
Stories
3
Buildings
3
Lot
1.72 ac
Current owner
From public records · entity-resolved
Ryan L Shane
Individual
Free & Clear · 1 yrs held
Mailing address
730 W OAK ST, ROYERSFORD, PA 19468-2128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
59 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2024
—
Ryan L Shane
Joseph C Smolda JR
Warranty Deed
—
Jun 25, 2024
—
Diamond Resorts Turtle Cay Dev LLC
Steven D Dubose
Special Warranty Deed
—
Aug 10, 2023
—
Meemee Schneider
Tina A Lillis
Deed
related
—
Dec 12, 2022
—
David C Powell
Timothy Ray Higgins
Correction Deed
related
—
Jun 4, 2021
$500
Shaun M Anderson
Kenneth M Anderson SR.
Deed
related
—
Jul 11, 2017
—
Rochester D Wise SR
Grace A Smith
Quit Claim Deed
related
—
May 25, 2017
—
Derrick Thomas
Thomas,yvonne
Quit Claim Deed
related
—
Apr 13, 2017
$21,450
Diamond Resorts Turtle Cay Dev
Lafleur,gerald W & Linda L
Grant Deed
—
Feb 7, 2017
—
Ocean Bch Clb LLC
—
Deed
related
—
Dec 1, 2015
—
Diamond Resorts Gk Dev LLC
Ocean Beach Club LLC
Grant Deed
related
—
Nov 18, 2014
$5,000
Ocean Bch Clb LLC
Williams,verelyn P
Grant Deed
—
Oct 17, 2014
$16,582
Timothy R Wiseman
Ocean Bch Clb LLC
Grant Deed
—
Apr 6, 2010
—
Otis A Hunt SR.
Ocean Bch Clb LLC
Grant Deed
$21,577 · Pata Service Corp
Apr 5, 2010
—
Ocean Beach Club LLC
Goodwin,avery S
Grant Deed
related
—
Jun 13, 2008
—
Michael F Taylor
Ocean Beach Club LLC
Grant Deed
related
—
Feb 19, 2008
—
Thomas H Bauman
Ocean Beach Club LLC
Grant Deed
related
—
Feb 4, 2008
—
Roberta A Robertson
Ocean Beach Club LLC
Grant Deed
related
—
Dec 10, 2007
—
Sara H Symons
Ocean Beach Club LLC
Grant Deed
related
—
Dec 7, 2007
—
Donald N Thackery
Ocean Beach Club
Grant Deed
related
—
Nov 30, 2007
$31,000
Krista M Littleton
Ocean Beach Club LLC
Grant Deed
related
—
Nov 30, 2007
$18,500
Michael J Ballos
Ocean Beach Club LLC
Grant Deed
related
—
Nov 30, 2007
$13,500
Wanda F Stokes
Ocean Beach Club LLC
Grant Deed
related
—
Nov 30, 2007
$23,000
Joseph M Schuta
Ocean Beach Club LLC
Grant Deed
related
—
Nov 19, 2007
$13,500
Michael B Lemon
Ocean Beach Club LLC
Grant Deed
related
—
Nov 19, 2007
$25,500
Ethel M Holt
Ocean Beach Club LLC
Grant Deed
related
—
Nov 13, 2007
$13,500
Robert S Norris
Ocean Beach Club LLC
Grant Deed
related
—
Nov 13, 2007
$25,500
James W Crump
Ocean Beach Club LLC
Grant Deed
related
—
Nov 5, 2007
$13,500
Gregory L Derricote
Ocean Beach Club LLC
Grant Deed
related
—
Nov 5, 2007
$19,000
Walter K Lumpkin
Ocean Beach Club LLC
Grant Deed
related
—
Nov 2, 2007
$13,500
Bennat J Drazner
Ocean Beach Club LLC
Grant Deed
related
—
Nov 1, 2007
$610
Bryan Duchesne
Bilobrk,marijo
Warranty Deed
related
—
Oct 29, 2007
$13,500
Darius L Moss
Ocean Beach Club LLC
Grant Deed
related
—
Oct 26, 2007
$13,500
Robert R Hall
Ocean Beach Club LLC
Grant Deed
related
—
Oct 25, 2007
$3,031
Ocean Beach Club LLC
Levinson,michael H
Trustees Deed
related
—
Oct 22, 2007
—
Don E Mcguinn
Ocean Beach Club LLC
Grant Deed
related
—
Oct 19, 2007
$34,500
Glenn W Pacapelli
Ocean Beach Club
Grant Deed
related
—
Oct 19, 2007
$13,500
David L Barbour
Ocean Beach Club
Grant Deed
related
—
Oct 12, 2007
—
Larry G Whitt
Ocean Beach Club LLC
Grant Deed
related
—
Oct 9, 2007
—
Henry J Hoffman JR.
Ocean Beach Club LLC
Grant Deed
related
—
Sep 21, 2007
—
Julio C Araujo
Ocean Beach Club LLC
Grant Deed
related
—
Sep 19, 2007
$500
Christopher Haynes
Daniels,maria E
Warranty Deed
related
—
Sep 10, 2007
—
Chad W Burns
Ocean Beach Club LLC
Grant Deed
related
—
Sep 6, 2007
—
Tina A Kiernan
Ocean Beach Club LLC
Grant Deed
related
—
Sep 5, 2007
—
Louis Simmons JR.
Ocean Beach Club LLC
Grant Deed
related
—
Aug 27, 2007
—
Max R Kirk
Ocean Beach Club LLC
Grant Deed
related
—
Aug 24, 2007
—
Leonard Stewart
Ocean Beach Club LLC
Grant Deed
related
—
Aug 20, 2007
—
Carroll E Rector
Ocean Beach Club LLC
Grant Deed
related
—
Aug 13, 2007
—
Annie R Williams
Ocean Beach Club LLC
Grant Deed
related
—
Aug 7, 2007
—
Thomas C Yancey
Ocean Beach Club LLC
Grant Deed
related
—
Aug 6, 2007
—
Lawrence C Ledoux
Ocean Beach Club LLC
Grant Deed
related
—
Aug 3, 2007
$5,050
Walter L Hamilton
Harris,ronald W & Lisa M
Warranty Deed
related
—
Jul 30, 2007
—
James P Rossie
Ocean Beach Club LLC
Grant Deed
related
—
Jul 27, 2007
—
Guy J Johnson
Ocean Beach Club LLC
Grant Deed
related
—
Jul 23, 2007
—
Richard O Doire JR.
Ocean Beach Club LLC
Grant Deed
related
—
Jul 16, 2007
—
Jesse H Justice
Ocean Beach Club LLC
Grant Deed
related
—
Jul 6, 2007
—
Lana W Robinson
Ocean Beach Club LLC
Grant Deed
related
—
Jun 1, 2007
$500
Eugene W Makowski
Easter,constance R
Warranty Deed
related
—
Apr 3, 2007
$3,442
Michael S Donahoe
Norris,wendell C & Cheryl D
Warranty Deed
related
—
—
—
Ocean Bch Clb LLC
—
Loan Modification
related
—
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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