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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Garden apartment buildings
3380 Rasmont Rd, Roanoke, VA 24018-6358
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0963978
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Total area
10,566 SF
Lot
4.22 ac (183,823 SF)
Zoning code
R4
APN
077.17-06-01
UPID
US87-0963978
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
-
H&M Flooring Solutions General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$809k
Blend (final)
Blend
$895k
Owner & transaction history
Elizabeth Heights LLC · 18 yrs held
Elizabeth Heights LLC
since 2007
6 recorded transactions
Zoning & alternative use
R4 · Roanoke, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+72.2%
Commercial (general)
$1.3M
+53.1%
Restaurant
$1.2M
+35.8%
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 Roanoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roanoke 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
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$860,000
Current use
MEDICAL BUILDING
$1,480,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,315,000
Change: +53% · Conversion: Moderate
RESTAURANT
$1,165,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$85 / 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
$49,187
Tax year 2024
Assessed value
$4,729,500
Assessed 2024
Previous assessed
$4,331,700
+9.2% YoY
Effective rate
1.04%
On assessed value
Assessed land
$319,700
Assessed improvement
$4,409,800
Land market value
$319,700
Improvement market value
$4,409,800
Total market value
$4,729,500
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
1985
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
3
Bathrooms
48
Total area
10,566 SF
Lot
4.22 ac (183,823 SF)
Zoning code
R4
APN
077.17-06-01
UPID
US87-0963978
Jurisdiction
ROANOKE
Zoning & alternative use
R4 · Roanoke, VA
Zoning R4 · permitted uses
R4 · Roanoke, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roanoke. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$860,000
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
6
Bathrooms
48
Lot
4.22 ac
Current owner
From public records · entity-resolved
Elizabeth Heights LLC
Entity
Free & Clear · 18 yrs held
Mailing address
6005 CAVALIER DR, ROANOKE, VA 24018-3881
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
Elizabeth Hts LLC
—
Deed
related
$3,150,000 · Freedom First FCU
May 21, 2020
—
B Meltel LLC
—
Deed
related
$50,000 · Deutsche Bk Tr Co Americas
Nov 1, 2007
$4,490,000
Elizabeth Heights LLC
—
Grant Deed
related
—
—
—
B Meltel LLC
—
Deed Of Trust
related
$50,000 · Deutsche Bk Tr Co Americas
—
—
T14 Unison Site Management LLC
—
Deed Of Trust
related
$650,000,000 · * Other Institutional Lenders
—
—
Elizabeth Hts LLC
—
Deed Of Trust
related
$3,150,000 · Freedom First FCU
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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