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Property profile & analytics
OFF-MARKET
Estimated value
$40,695,000
High-rise multifamily apartments
7000 Auburn Ave Norfolk, VA 23513-1106
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-3367432
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1979
Total area
170,152 SF
Lot
6.07 ac (264,540 SF)
Zoning code
PDMU-1
APN
4885610
UPID
US87-3367432
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 Qualityroofers Norfolk, VA Roofing Company General Contractor
-
Braywood Manor Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40.70M
Owner & transaction history
Standard Braywood Manor Venture LP · 4 yrs held
Standard Braywood Manor Venture LP
since 2022
Last sale
$40.0M
2 recorded transactions
Zoning & alternative use
PDMU-1 · Norfolk, 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 Norfolk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norfolk 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
$51,980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,360,000
6.5%
$30,790,000
7%
$28,590,000
Alternative Use
Use
Estimation
RESTAURANT
$24,510,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$40.70M
Range $36.63M – $44.76M · ±10% · vs last sale $40.00M (Jan 11 2022)
Last sale anchor
$40.00M
Jan 11 2022
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
$239 / 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
$438,923
Tax year 2024
Assessed value
$35,113,800
Assessed 2024
Previous assessed
$35,113,800
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,633,500
Assessed improvement
$33,480,300
Land market value
$1,633,500
Improvement market value
$33,480,300
Total market value
$35,113,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1979
Heating
FORCED AIR
Cooling
YES
Stories
8
Units
238
Total area
170,152 SF
Lot
6.07 ac (264,540 SF)
Zoning code
PDMU-1
APN
4885610
UPID
US87-3367432
Jurisdiction
NORFOLK CITY
Zoning & alternative use
PDMU-1 · Norfolk, VA
Zoning PDMU-1 · permitted uses
PDMU-1 · Norfolk, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norfolk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$24.5M
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
8
Units
238
Lot
6.07 ac
Current owner
From public records · entity-resolved
Standard Braywood Manor Venture LP
Entity
Mailing address
1901 AVE OF THE STARS STE #395, LOS ANGELES, CA 90067-6058
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
—
Standard Braywood Manor Venture LP
—
Deed
related
$41,950,000 · Keybank NA
Jan 11, 2022
$40,000,000
Standard Braywood Manor Venture LP
Braywood Manor Associates Lllp
Special Warranty Deed
$40,000,000 · Keybank National Association
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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