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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Motels
6910 Midlothian Tpke Richmond, VA 23225-5635
Entity Owned
17-yr Hold
Free & Clear
Property ID
US87-3975876
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Construction
WOOD
Total area
74,620 SF
Lot
2.63 ac (114,563 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
C-005-1088-008
UPID
US87-3975876
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
-
Days Inn by Wyndham Richmond/South Hotel & Motel
-
Jacuzi Suite Hotel & Motel
-
mklhotels Hotel & Motel
-
Blessed Driving School Training Center Vocational School
-
Tech Artz Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$675k
Owner & transaction history
Diplomat Dev Co LLC · 17 yrs held
Diplomat Dev Co LLC
since 2009
5 recorded transactions
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, 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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$9 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$3,642,000
Assessed 2024
Previous assessed
$3,303,000
+10.3% YoY
Effective rate
0.00%
On assessed value
Assessed land
$779,000
Assessed improvement
$2,863,000
Land market value
$779,000
Improvement market value
$2,863,000
Total market value
$3,642,000
Applied tax rate
9.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
YES
Cooling
YES
Stories
3
Rooms
134
Total area
74,620 SF
Lot
2.63 ac (114,563 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
C-005-1088-008
UPID
US87-3975876
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Zoning B-3 GENERAL BUSINESS · permitted uses
B-3 GENERAL BUSINESS · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Rooms
134
Lot
2.63 ac
Current owner
From public records · entity-resolved
Diplomat Dev Co LLC
Entity
Free & Clear · 17 yrs held
Mailing address
6910 MIDLOTHIAN TPKE, RICHMOND, VA 23225-5635
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2018
—
Dharamjeevan Forever LLC A Virginia
—
Deed
related
$2,839,400 · First Bank
May 7, 2009
$200,000
Diplomat Dev Co LLC
Dharamjeevan Forever LLC
Grant Deed
—
—
—
Dharamjeevan Forever LLC
—
Loan Modification
related
$1,105,067 · Evb
—
—
Dharamueevan Forever LLC
—
Deed Of Trust
related
$775,000 · Mukund & Kimit Patel
—
—
Dharamjeevan Forever LLC
—
Deed Of Trust
related
$1,680,000 · General Elec Cap
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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