Property profile & analytics
7940 Shr Dr Norfolk, VA 23518-2441
- Motels
- 27,477 SF
- 1.81 lot acres
Location Intelligence
Property ID
US87-3365544
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Economy 7 Inn Norfolk - Best Hotel in Norfolk, VA / Hotel
Property Details for 7940 Shr Dr
- Year built
- 1988
- Lot size
- 1.81 lot acres
- Property size
- 27,477 SF
- Zone code
- C-2
- Property type
- Motels
- APN
- 5835100
- APU
- 5835100
Value Estimation
by Realmo proprietary methodology
Last update: July 3, 2025
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,010,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,935,000
- 6.5%
- $3,010,000
- 7%
- $2,955,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,275,000
- Geo Method
- $2,725,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,615,000
- Retail
- $3,400,000
- Mixed-Use
- $3,680,000
- Hospitality
- $3,175,000
- Educational
- $3,685,000
- Residential Income
- $3,110,000
- Energy
- $2,795,000
- Income-Based Land
- $3,585,000
- Food Service
- $3,275,000
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk City
- State
- Virginia
- Longitude
- -76.1919
- Latitude
- 36.9195
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$32,758
$1,177,800
$1,442,800
$2,620,600
-
$1,177,800
$1,442,800
$2,620,600
