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Property profile & analytics
OFF-MARKET
Estimated value
$220,700,000
High-rise multifamily apartments
2472 Mandeville Ln Alexandria, VA 22314-4663
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-3054604
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1968
Total area
608,495 SF
Lot
1.5 ac (65,340 SF)
Zoning code
CDD#2 - COORDINATED DEVEL
APN
60030760
UPID
US87-3054604
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
$143.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$220.70M
Owner & transaction history
Foundry Associates Owner LLC · 4 yrs held
Foundry Associates Owner LLC
since 2021
Last sale
$262.0M
1 recorded transaction
Zoning & alternative use
CDD#2 - COORDINATED DEVEL · Alexandria, 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 Alexandria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alexandria 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%
$155,460,000
6.5%
$143,505,000
7%
$133,255,000
Blend value · Realmo final
$220.70M
Range $198.63M – $242.77M · ±10% · vs last sale $262.00M (Dec 6 2021)
Last sale anchor
$262.00M
Dec 6 2021
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
$363 / 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
$2,094,392
Tax year 2023
Assessed value
$188,684,000
Assessed 2023
Previous assessed
$175,448,000
+7.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$26,000,000
Assessed improvement
$162,684,000
Land market value
$26,000,000
Improvement market value
$162,684,000
Total market value
$188,684,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1968
Heating
HEAT PUMP
Cooling
AC.CHILLED WATER
Stories
14
Total area
608,495 SF
Lot
1.5 ac (65,340 SF)
Zoning code
CDD#2 - COORDINATED DEVEL
APN
60030760
UPID
US87-3054604
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CDD#2 - COORDINATED DEVEL · Alexandria, VAZoning CDD#2 - COORDINATED DEVEL · permitted uses
CDD#2 - COORDINATED DEVEL · Alexandria, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1968
Heating
HEAT PUMP
Cooling
Yes
Stories
14
Lot
1.5 ac
Current owner
From public records · entity-resolved
Foundry Associates Owner LLC
Entity
Mailing address
2 SCHOOL ST, RYE, NY 10580-2925
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 6, 2021
$262,000,000
Foundry Associates Owner LLC
Stoval Owner LLC
Deed
$140,730,958 · Pacific Western Bank
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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