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Property profile & analytics
OFF-MARKET
Estimated value
$4,215,810,000
Garden apartment buildings
4500 Colony Ct Alexandria, VA 22309-2416
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0802381
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
CONCRETE BLOCKS
Total area
191,931 SF
Lot
8.96 ac (390,154 SF)
Zoning code
R-20(RESIDENTIAL 20 DU/AC
APN
101-3-01-0005
UPID
US87-0802381
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
$4.22B
Owner & transaction history
Madge Lane LLC · 5 yrs held
Madge Lane LLC
since 2020
5 recorded transactions
Zoning & alternative use
R-20(RESIDENTIAL 20 DU/AC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$21,965 / 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
$496,321
Tax year 2024
Assessed value
$42,841,650
Assessed 2024
Previous assessed
$41,795,690
+2.5% YoY
Effective rate
1.16%
On assessed value
Assessed land
$5,580,000
Assessed improvement
$37,261,650
Land market value
$5,580,000
Improvement market value
$37,261,650
Total market value
$42,841,650
Applied tax rate
40,000.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
3
Rooms
813
Total area
191,931 SF
Lot
8.96 ac (390,154 SF)
Zoning code
R-20(RESIDENTIAL 20 DU/AC
APN
101-3-01-0005
UPID
US87-0802381
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
R-20(RESIDENTIAL 20 DU/AC · Alexandria, VA
Zoning R-20(RESIDENTIAL 20 DU/AC · permitted uses
R-20(RESIDENTIAL 20 DU/AC · Alexandria, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alexandria. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
3
Rooms
813
Lot
8.96 ac
Current owner
From public records · entity-resolved
Madge Lane LLC
Entity
Mailing address
4511 COLONY CT APT 1203B, ALEXANDRIA, VA 22309-2443
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
—
Madge Lane LLC
—
Deed
related
$24,060,000 · Key Bank NA
Dec 28, 2020
—
Madge Lane LLC
Mallard Courts LLC
Grant Deed
—
Apr 18, 2012
$22,700,000
Mallard Courts LLC
Jbg Of Mallard Courts LLC
Grant Deed
related
$18,952,000 · Beech Street Capital LLC
Mar 19, 2004
$336,309
John C Allison
Wyngate LLC
Grant Deed
$252,231 · First Of America Mortgage Co
—
—
Jbg Of Mallard Courts LLC
—
Deed Of Trust
related
$2,000,000 · Deutsche Bank Berkshire Mtg
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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