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Property profile & analytics
OFF-MARKET
Estimated value
$68,800,000
Garden apartment buildings
7136 Groveton Gdns Rd Alexandria, VA 22306-7146
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3497245
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Construction
CONCRETE BLOCKS
Total area
379,629 SF
Lot
17.29 ac (753,301 SF)
Zoning code
R-20(RESIDENTIAL 20 DU/AC
APN
092-4-01-0013
UPID
US87-3497245
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
$68.80M
CAP Approach
CAP
$89.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$68.80M
Owner & transaction history
Lafayette Apartments LLC · 1 yrs held
Lafayette Apartments LLC
since 2024
Last sale
$68.8M
6 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
Method
Estimation
Statistic approach
$68,800,000
ML approach
$68,800,000
CAP Approach
CAP Return
Estimation
6%
$96,990,000
6.5%
$89,530,000
7%
$83,135,000
Blend value · Realmo final
$68.80M
Range $61.92M – $75.68M · ±10% · vs last sale $68.80M (Sep 4 2024)
Last sale anchor
$68.80M
Sep 4 2024
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
$181 / 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
$732,183
Tax year 2024
Assessed value
$63,200,910
Assessed 2024
Previous assessed
$49,793,210
+26.9% YoY
Effective rate
1.16%
On assessed value
Assessed land
$10,540,000
Assessed improvement
$52,660,910
Land market value
$10,540,000
Improvement market value
$52,660,910
Total market value
$63,200,910
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
1966
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
3
Rooms
1464
Total area
379,629 SF
Lot
17.29 ac (753,301 SF)
Zoning code
R-20(RESIDENTIAL 20 DU/AC
APN
092-4-01-0013
UPID
US87-3497245
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
1966
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
3
Rooms
1464
Lot
17.29 ac
Current owner
From public records · entity-resolved
Lafayette Apartments LLC
Entity
Mailing address
1055 NW DUNSMUIR ST 3108TH VANCOUVER XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 4, 2024
$68,800,000
Lafayette Apartments LLC
Ffah Lafayette Apartments LLC
Special Warranty Deed
$62,900,000 · Virginia Housing Development Author
Sep 28, 2023
$68,800,000
Ffah Lafayette Apartments LLC
Groveton 340 Associates LP
Special Warranty Deed
$36,175,000 · Capital One Bank NA
Mar 7, 2018
—
Groveton 340 Associates LP
—
Deed
related
$46,663,000 · Capital One Multifamily Fin
May 25, 2006
$395,000
William F Reinhold III
Us Home Corp
Grant Deed
$316,000 · Universal American Mortgage Co
—
—
William F Reinhold III
—
Deed Of Trust
related
$352,000 · Usaa Fsb
—
—
Groveton 340 Associates LP
—
Deed Of Trust
related
$46,663,000 · Capital One Multifamily Fin
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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