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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Hotels
801 Parham Rd Richmond, VA 23227-1107
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US87-3894571
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1967
Total area
48,613 SF
Lot
3.4 ac (148,235 SF)
Zoning code
B-3
APN
785-756-5926
UPID
US87-3894571
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
-
Quality Inn North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$464k
Blend (final)
Blend
$575k
Owner & transaction history
Rani Investments · 19 yrs held
Rani Investments
since 2007
7 recorded transactions
Zoning & alternative use
B-3 · 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
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$12 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,286
Tax year 2023
Assessed value
$2,033,600
Assessed 2024
Previous assessed
$2,033,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,534,300
Assessed improvement
$499,300
Land market value
$1,534,300
Improvement market value
$499,300
Total market value
$2,033,600
Applied tax rate
4.0000
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/MOTEL
Status
Off-Market
Year built
1967
Heating
HEAT PUMP
Stories
2
Total area
48,613 SF
Lot
3.4 ac (148,235 SF)
Zoning code
B-3
APN
785-756-5926
UPID
US87-3894571
Jurisdiction
HENRICO
Zoning & alternative use
B-3 · Richmond, VA
Zoning B-3 · permitted uses
B-3 · 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
1967
Heating
HEAT PUMP
Stories
2
Lot
3.4 ac
Current owner
From public records · entity-resolved
Rani Investments
Entity
Mailing address
801 E PARHAM RD, RICHMOND, VA 23227-1107
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Rani Investments INC
—
Deed
related
$1,388,900 · U S Small Business Administration
Jan 27, 2020
—
Rani Investments INC
—
Deed
related
$3,055,000 · Sabal Capital II LLC
Nov 18, 2016
—
Rani Investments INC
—
Deed
related
$150,000 · Hana Small Busn Lndg
Jun 5, 2007
$2,500,000
Rani Investments
Ball Rlty Corp
Grant Deed
$3,585,500 · United Central Bank
Jan 11, 2006
—
Ball Realty Corp
—
Deed Of Trust
related
$1,970,000 · Patriot Bank NA
—
—
Rani Investment INC
—
Deed Of Trust
related
$2,372,500 · Hana Small Busn Lndg
—
—
Rani Investments INC
—
Deed Of Trust
related
$150,000 · Hana Small Busn Lndg
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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