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Property profile & analytics
OFF-MARKET
Estimated value
$35,315,000
High-rise multifamily apartments
2 Fenwick Rd Fort Monroe, VA 23651-1000
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3276431
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1928
Construction
TYPE NOT SPECIFIED
Total area
204,803 SF
Zoning code
43 FM-2 FORTMONROE HISTOR
APN
12X003 00 00000LH
UPID
US87-3276431
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
-
The Chamberlin Geriatric Care Provider Nursing Home
-
Old Point National Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.32M
Owner & transaction history
Commonwealth Of Virginia · 4 yrs held
Commonwealth Of Virginia
since 2021
1 recorded transaction
Zoning & alternative use
43 FM-2 FORTMONROE HISTOR · Fort Monroe, 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 Fort Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Monroe 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,385,000
6.5%
$33,585,000
7%
$31,185,000
Blend value · Realmo final
$35.32M
Range $31.78M – $38.85M · ±10%
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
$172 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$262,066
Tax year 2023
Assessed value
$22,591,900
Assessed 2024
Previous assessed
$22,591,900
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,325,000
Assessed improvement
$19,266,900
Land market value
$3,325,000
Improvement market value
$19,266,900
Total market value
$22,591,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1928
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
9
Total area
204,803 SF
Zoning code
43 FM-2 FORTMONROE HISTOR
APN
12X003 00 00000LH
UPID
US87-3276431
Jurisdiction
HAMPTON CITY
Zoning & alternative use
43 FM-2 FORTMONROE HISTOR · Fort Monroe, VA
Zoning 43 FM-2 FORTMONROE HISTOR · permitted uses
43 FM-2 FORTMONROE HISTOR · Fort Monroe, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
9
Current owner
From public records · entity-resolved
Commonwealth Of Virginia
Individual
Free & Clear · 4 yrs held
Mailing address
4423 PHEASANT RDG RD STE #301, ROANOKE, VA 24014-5300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
—
Commonwealth Of Virginia
United State Of America
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.
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