Hotel Properties in Norfolk | Reonomy

Hotel Properties in Norfolk

Unlock property data on 44 hotel properties in Norfolk. Search through Norfolk property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Norfolk commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in hotel properties.

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Norfolk hotel property sold prices and values

Values and sold prices (last 24 months) United States Virginia Norfolk
Average price/sqft $703 $30,952 $5,733
Average sold price $6,114,361 $10,051,560 $790,000
Median sold price $1,102,122 $4,600,000 $790,000
Number of sales 7,137 129 --
Number of sales over $250k 5,415 121 --
Number of sales over $1m 3,709 94 --
Number of sales over $10m 699 27 --
Average total tax amount $79,081 $86,213 $392,368
Average assessed value $3,428,917 $7,919,358 $29,338,600
Average market value $4,526,348 $7,919,358 $29,338,600

Norfolk hotel property property averages

Property averages United States Virginia Norfolk
Average lot size 600,240 sf 152,946 sf 111,679 sf
Median lot size 47,960 sf 83,533 sf 56,466 sf
Average building area 6,622 sf 280 sf 84 sf
Median building area 75 sf 74 sf 62 sf
Median year built 1978 1985 1984
Average number of units 51 115 147
Median number of units 16 55 123

Norfolk hotel property total supply

Supply United States Virginia Norfolk
Number of parcels 94,049 2,286 45
Aggregate lot acerage 1,330,425 3,497 94
Aggregate building area 276,013,022 sf 192,196 sf 2,373 sf
Aggregate units 1,436,763 39,759 4,730

Norfolk hotel property industrial mortgages

Debt United States Virginia Norfolk
Number of mortgages 224,833 3,411 133
Average value of mortgages $46,393,004 $53,151,752 $31,496,608

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