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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Hotels
6638 Frst Hl Ave Gloucester, VA 23061-6106
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-1514455
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Total area
49,849 SF
Lot
4.24 ac (184,825 SF)
Zoning code
B-1
APN
28293
UPID
US87-1514455
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Ramlaxmi Investments LLC
Ramlaxmi Investments LLC
since 2026
3 recorded transactions
Zoning & alternative use
B-1 · Gloucester, 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 Gloucester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gloucester 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
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$29 / 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
$37,121
Tax year 2024
Assessed value
$6,367,230
Assessed 2024
Previous assessed
$6,367,230
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$1,267,530
Assessed improvement
$5,099,700
Land market value
$1,267,530
Improvement market value
$5,099,700
Total market value
$6,367,230
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
Status
Off-Market
Year built
2008
Heating
HEAT PUMP
Cooling
YES
Stories
3
Units
84
Rooms
84
Bathrooms
92
Total area
49,849 SF
Lot
4.24 ac (184,825 SF)
Zoning code
B-1
APN
28293
UPID
US87-1514455
Jurisdiction
GLOUCESTER
Zoning & alternative use
B-1 · Gloucester, VA
Zoning B-1 · permitted uses
B-1 · Gloucester, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gloucester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
84
Rooms
84
Bathrooms
92
Lot
4.24 ac
Current owner
From public records · entity-resolved
Ramlaxmi Investments LLC
Entity
Mailing address
2614 BASTIAN LN, HERNDON, VA 20171-2459
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 20, 2026
$7,250,000
Ramlaxmi Investments LLC
Ebbitt Corporation
Deed
$5,000,000 · Chesapeake Bank
Aug 14, 2019
—
Ebbitt Corp
—
Deed
related
$1,542,665 · 3rd Party Individual
Nov 18, 2016
$6,000,000
Ebbitt Corporation A District Of Co
Gh 2 LLC A Virginia Limited Liabili
Special Warranty Deed
$2,200,000 · Party III
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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