New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Garden apartment buildings
6354 Township Dr, Roanoke, VA 24019-1401
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2733622
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2020
Total area
22,950 SF
Lot
9.5 ac (413,820 SF)
APN
027.17-04-13.03-0000
UPID
US87-2733622
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
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.32M
Blend (final)
Blend
$1.73M
Owner & transaction history
R Fralin Construction INC · 1 yrs held
R Fralin Construction INC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+58.9%
Medical building
$2.6M
+51.3%
Commercial (general)
$2.2M
+29.7%
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
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,685,000
Current use
RESTAURANT
$2,680,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$2,550,000
Change: +51% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,185,000
Change: +30% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,465,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±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
$75 / 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
$125,977
Tax year 2024
Assessed value
$12,113,200
Assessed 2024
Previous assessed
$10,889,800
+11.2% YoY
Effective rate
1.04%
On assessed value
Assessed land
$391,400
Assessed improvement
$11,721,800
Land market value
$391,400
Improvement market value
$11,721,800
Total market value
$12,113,200
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
2020
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
6
Stories
3
Total area
22,950 SF
Lot
9.5 ac (413,820 SF)
APN
027.17-04-13.03-0000
UPID
US87-2733622
Jurisdiction
ROANOKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2020
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
6
Lot
9.5 ac
Current owner
From public records · entity-resolved
R Fralin Construction INC
Entity
Free & Clear · 1 yrs held
Mailing address
5211 S CONCOURSE DR, ROANOKE, VA 24019-1421
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
R Fralin Construction INC
Land Development Rvi LLC
Deed
—
Jan 29, 2025
—
R Fralin Construction INC
Land Development Rvi LLC
Deed
—
Jan 29, 2025
$252,950
Christopher Graveline
R Fralin Construction INC
Deed
$202,360 · Integrity Home Mortgage Corp
Nov 12, 2024
$50,000
Value Housing Partners LLC
R Fralin Construction INC
Deed
$195,000 · Hometrust Bank
Jan 22, 2024
$40,000
R Fralin Construction INC
Land Development Rvi LLC
Deed
$232,000 · Hometrust Bank
Jan 12, 2024
—
Appalachian Power Company
Village Green Apartments LLC
Agreement Of Sale
—
Nov 9, 2023
$41,868
Value Housing Partners LLC
R Fralin Concstruction INC
Deed
—
Oct 30, 2023
$83,736
Value Housing Partners LLC
R Fralin Construction INC
Deed
$1,480,000 · Atlantic Union Bank
Aug 31, 2023
$285,000
Antoinette Y Waller
R Fralin Construction INC
Deed
$285,000 · Bank Of The James
Sep 16, 2022
—
Aspen Apartment Homes LLC
—
Deed
related
$2,450,000 · Berkadia Commercial Mortgage LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6354 Township Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
