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Property profile & analytics
FOR LEASE
Apartment buildings
1661 Roseneath Rd Richmond, VA 23230
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-3761874
For Lease
1 / 5
$6,865,000
1661 Roseneath Rd, Richmond, VA 23230
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2022
Construction
WOOD
Total area
482,958 SF
Lot
2.38 ac (103,542 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1790-001
UPID
US87-3761874
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
-
Otis Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.48M
Blend (final)
Blend
$6.87M
Owner & transaction history
Gs Roseneath Owner LLC · 5 yrs held
Gs Roseneath Owner LLC
since 2020
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · 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
$5,375,000
ML approach
$6,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.87M
Range $6.18M – $7.55M · ±10% · vs last sale $8.60M (Dec 16 2020)
Last sale anchor
$8.60M
Dec 16 2020
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
$14 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$85,725,000
Assessed 2024
Previous assessed
$66,305,000
+29.3% YoY
Effective rate
0.00%
On assessed value
Assessed land
$10,500,000
Assessed improvement
$75,225,000
Land market value
$10,500,000
Improvement market value
$75,225,000
Total market value
$85,725,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
For Lease
Year built
2022
Construction
WOOD
Heating
YES
Stories
6
Bathrooms
3
Total area
482,958 SF
Lot
2.38 ac (103,542 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-1790-001
UPID
US87-3761874
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Zoning M-1 LIGHT INDUSTRIAL · permitted uses
M-1 LIGHT INDUSTRIAL · 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
2022
Construction
WOOD
Heating
YES
Stories
6
Bathrooms
3
Lot
2.38 ac
Current owner
From public records · entity-resolved
Gs Roseneath Owner LLC
Entity
Mailing address
465 MEETING ST STE #500, CHARLESTON, SC 29403-7123
Ownership since
2020
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
Oct 10, 2023
—
Gs Roseneath Owner LLC
—
Deed
related
$56,587,826 · New York Life Insurance Company
Dec 16, 2020
$8,600,000
Gs Roseneath Owner LLC
1601 Roseneath LLC
Grant Deed
—
Aug 2, 2017
—
1601 Roseneath LLC A Virginia Limit
—
Deed
related
$4,300,000 · Xenith Bank
May 23, 2017
—
1601 Roseneath LLC A Virginia Limit
—
Deed
related
$1,300,000 · Union Bank & Trust
Oct 26, 2010
$2,200,000
Mayberry R & E Holdings LLC
Phillips Keith L
Trustees Deed
related
—
Dec 29, 2008
—
Markel 1601 Roseneath Road LLC
Roseneath Dev LLC
Quit Claim Deed
related
—
Feb 20, 2007
—
1601 Roseneath LLC
1601 Roseneath Partners
Quit Claim Deed
related
—
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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