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Property profile & analytics
OFF-MARKET
Estimated value
$9,945,000
Hotels
720 Lightfoot Rd Williamsburg, VA 23188-9013
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0548094
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
68,328 SF
Lot
2.94 ac (128,066 SF)
Zoning code
ECONOMIC OPPORTUNITY
APN
B19B-3735-4358
UPID
US87-0548094
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
-
Holiday Inn Express Williamsburg North, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.95M
Owner & transaction history
Haresh Joshi & Vikas Joshi Partners · 9 yrs held
Haresh Joshi & Vikas Joshi Partners
since 2017
Last sale
$10.6M
5 recorded transactions
Zoning & alternative use
ECONOMIC OPPORTUNITY · Williamsburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.5M
+43.3%
Commercial (general)
$8.8M
+32.6%
Auto repair, garage
$6.9M
+3.5%
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 Williamsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsburg 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
$9,525,000
ML approach
$9,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,655,000
Current use
OFFICE BUILDING
$9,535,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,825,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,890,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$9.95M
Range $8.95M – $10.94M · ±10% · vs last sale $10.58M (Jun 4 2021)
Last sale anchor
$10.58M
Jun 4 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
$146 / 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
$76,417
Tax year 2024
Assessed value
$10,326,600
Assessed 2024
Previous assessed
$8,000,000
+29.1% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,129,300
Assessed improvement
$9,197,300
Land market value
$1,129,300
Improvement market value
$9,197,300
Total market value
$10,326,600
Applied tax rate
5,104,150.0000
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
2000
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
5
Rooms
12
Total area
68,328 SF
Lot
2.94 ac (128,066 SF)
Zoning code
ECONOMIC OPPORTUNITY
APN
B19B-3735-4358
UPID
US87-0548094
Jurisdiction
YORK
Zoning & alternative use
ECONOMIC OPPORTUNITY · Williamsburg, VAZoning ECONOMIC OPPORTUNITY · permitted uses
ECONOMIC OPPORTUNITY · Williamsburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.7M
OFFICE BUILDING
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$6.9M
HOTEL/MOTEL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Rooms
12
Lot
2.94 ac
Current owner
From public records · entity-resolved
Haresh Joshi & Vikas Joshi Partners
Entity
Mailing address
260 CENTRAL AVE APT #136, LAWRENCE, NY 11559-1582
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jan 5, 2017
$9,000
Haresh Joshi & Vikas Joshi Partners
Lightfoot Road Hospitality LLC A Vi
Special Warranty Deed
$7,000,000 · Lafayette Ambassador Bank
Jun 29, 2012
$1,750,000
Lightfoot Road Hospitality LLC
Southeastern Virginia Inv Prop
Grant Deed
related
—
May 4, 2012
—
Virginia Inv P Ro Southeastern
Jamako Investments Lc
Trustees Deed
related
—
Nov 23, 2010
$3,748,846
Southeastern Inv Props LLC
Jamako Investments Lc
Deed In Lieu Of Foreclosure
related
—
—
—
Lightfoot Road Hospitality LLC
—
Loan Modification
related
$4,650,000 · Towne 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.
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