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Property profile & analytics
OFF-MARKET
Estimated value
$16,415,000
Garden apartment buildings
12242 Laurel Glade Ct, Reston, VA 20191-1736
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0907894
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
199,178 SF
Lot
9.91 ac (431,880 SF)
Zoning code
PRC(COMMERCIAL/INDUSTRIAL
APN
026-1-10-0010
UPID
US87-0907894
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.42M
Owner & transaction history
Pdalp LLC · 8 yrs held
Pdalp LLC
since 2018
7 recorded transactions
Zoning & alternative use
PRC(COMMERCIAL/INDUSTRIAL · Reston, 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 Reston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$82 / 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
$450,524
Tax year 2024
Assessed value
$37,372,340
Assessed 2024
Previous assessed
$38,343,650
-2.5% YoY
Effective rate
1.21%
On assessed value
Assessed land
$9,600,000
Assessed improvement
$27,772,340
Land market value
$9,600,000
Improvement market value
$27,772,340
Total market value
$37,372,340
Applied tax rate
10,500.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
3
Rooms
1034
Bathrooms
1
Total area
199,178 SF
Lot
9.91 ac (431,880 SF)
Zoning code
PRC(COMMERCIAL/INDUSTRIAL
APN
026-1-10-0010
UPID
US87-0907894
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PRC(COMMERCIAL/INDUSTRIAL · Reston, VA
Zoning PRC(COMMERCIAL/INDUSTRIAL · permitted uses
PRC(COMMERCIAL/INDUSTRIAL · Reston, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
3
Rooms
1034
Bathrooms
1
Lot
9.91 ac
Current owner
From public records · entity-resolved
Pdalp LLC
Entity
Mailing address
7315 WISCONSIN AVE STE 1000W, BETHESDA, MD 20814-3218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2018
$40,600,000
Pdalp LLC
Reston Glen Investors LLC
Grant Deed
$26,759,000 · Cbre Cap Markets
Feb 2, 2017
$32,000,000
Reston Glen Investors LLC
Gpif Reston Glen LLC
Grant Deed
related
$29,300 · Redevelopment Agcy
Feb 2, 2017
—
Reston Glen Investors LLC
—
Deed
related
$24,720,000 · Berkadia Com'l Mtg
Sep 8, 2016
$29,820,000
Gpif Reston Glen LLC
Kre Cc Reston Glen Owner LLC
Grant Deed
$29,300 · Redevelopment Agcy
Dec 28, 2010
$28,505,000
Workforce Reston Glen LLC
Red Stone Ptrs IV Reston LLC
Grant Deed
$19,455,000 · Cbre Capital Markets INC
Dec 7, 2009
$22,501,000
Red Stone Ptrs IV Reston LLC
Beale Sam
Trustees Deed
—
Jun 22, 2007
—
Fairfield Laurel Glade LLC
—
Deed Of Trust
related
$9,500,000 · Fairfax Co Redev & Housing Aut
Jan 16, 2007
$30,375,000
Fairfield Laurel Glade LLC
Laurel Glade
Grant Deed
related
$24,500,000 · Greystone Servicing Corp
—
—
Fairfield Laurel Glade LLC
—
Deed Of Trust
related
$2,375,000 · Fairfax Co Redev & Housing Aut
—
—
Reston Glen Investors LLC
—
Loan Modification
related
$24,720,000 · Berkadia Com'l Mtg
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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