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Property profile & analytics
OFF-MARKET
Apartment buildings
16405 Heritage Pnes Cir Bowling Green, VA 22427-2185
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2199765
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
11,056 SF
Lot
0.33 ac (14,375 SF)
Zoning code
PRD
APN
43H-1-23R
UPID
US87-2199765
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
by Request
Owner & transaction history
Project Faith Caroline Dev LLC · 11 yrs held
Project Faith Caroline Dev LLC
since 2014
2 recorded transactions
Zoning & alternative use
PRD · Bowling Green, 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 Bowling Green submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bowling Green 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
—
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
$7,126
Tax year 2024
Assessed value
$925,500
Assessed 2024
Previous assessed
$925,500
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$97,000
Assessed improvement
$828,500
Land market value
$97,000
Improvement market value
$828,500
Total market value
$925,500
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2015
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
10
Rooms
52
Bathrooms
20
Total area
11,056 SF
Lot
0.33 ac (14,375 SF)
Zoning code
PRD
APN
43H-1-23R
UPID
US87-2199765
Jurisdiction
CAROLINE
Zoning & alternative use
PRD · Bowling Green, VA
Zoning PRD · permitted uses
PRD · Bowling Green, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bowling Green. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
10
Rooms
52
Bathrooms
20
Lot
0.33 ac
Current owner
From public records · entity-resolved
Project Faith Caroline Dev LLC
Entity
Mailing address
601 S BELVIDERE ST, RICHMOND, VA 23220-6504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2014
—
Project Faith Caroline Dev LLC
—
Grant Deed
related
$2,600,000 · Union First Market Bk
—
—
Housing Opportunities Made Eco
—
Deed Of Trust
related
$150,000 · Union Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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