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    Property profile & analytics

    Virginia Beach, VA 23451

    • Hotels
    • 2,380 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 24, 2024
    $50,000,000
    Location Intelligence
    Property ID
    US87-1954691
    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

    • Hotels

    Property Details

    Year built
    1995
    Lot size
    0.13 lot acres
    Property size
    2,380 SF
    Zone code
    OR
    Property type
    Hotels
    Property subtype
    Motels
    APN
    24189572440000
    APU
    24189572440000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -75.981
    Latitude
    36.8677
    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
    $5,555
    $553,400
    $7,700
    $561,100
    -
    $553,400
    $7,700
    $561,100

    Comparable in this City

    • Value Estimation by Request
      6 SF

      215 Atlantic Ave, Unit 236

      HOTEL/MOTEL • 6 SF
      215 Atlantic Ave, Virginia Beach, VA 23451-3606
      View Details
    • Value Estimation by Request
      89,960 SF

      703 Pacific Ave

      HOTEL/MOTEL • 89,960 SF
      703 Pacific Ave, Virginia Beach, VA 23451
      View Details
    • Value Estimation by Request
      7 SF

      2800 Pacific Ave, Unit 710

      HOTEL/MOTEL • 7 SF
      2800 Pacific Ave, Virginia Beach, VA 23451-3024
      View Details
    • Value Estimation by Request
      12 SF

      1900 Pavilion Dr

      HOTEL/MOTEL • 12 SF
      1900 Pavilion Dr, Virginia Beach, VA 23451-5551
      View Details
    • Value Estimation by Request
      12,496 SF

      516 19th Stb4

      HOTEL/MOTEL • 12,496 SF
      516 19th Stb4, Virginia Beach, VA 23451-4102
      View Details
    • Value Estimation by Request
      1,440 SF

      205 21st St

      HOTEL/MOTEL • 1,440 SF
      205 21st St, Virginia Beach, VA 23451
      View Details

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      3,000 SF

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    Similar Nearby for Lease

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      Prime Virginia Beach Commercial Land

      0.647 Acres, B-2 Zoning, For Lease
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      Retail Space with Ocean Views

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      5,000 SF

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      Stand alone 5,000 SF warehouse building for rent.
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    • $7,500 /Mo
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      Former Bank Branch For Rent

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      1,297 SF

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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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