Ground-Floor Retail
For Sale
$795,000
Pending
2300 N.Pershing Dr, Arlington, VA 22201
Commercial Sale, Arlington, VA
Property Size1,778 SF
Days on Market39
Property Features for 2300 N.Pershing Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Patio and Porch features
Patio
Subdivision
Lyon Park
View
City
Standard status
Pending
APN
18-058-025
Size
1,778 SF
Utilities
Heating system
Forced Air, Electric (Heating), Zoned
Water source
Public
Building Details
Year built
2004
Flooring type
Linoleum
Building materials
Brick
Roof type
Flat
Listing Agency:
Dudley Resources
(804) 709-1954
Listed By:
Tim Dudley · License #0225224467
(757) 651-1729
Added: Aug 18
Changed: Sep 15
Last Checked: Sep 25 at 8:06AM
MLS# 11939914
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Ground-floor Retail Space 2, Unit B, contains 1,778 SF within The Bromptons at Lyon Park, a three-story Class A building completed in 2004. The condominium is divided into two separately metered suites, each with a street-facing entrance on N. Pershing Drive and rear access for staff and deliveries. Interior features include recessed lighting, A/C, linoleum flooring, two bathrooms, and a patio.
The property is located at 2300 N. Pershing Drive in Arlington, near N. Wayne Street, within a commercial setting that includes office, service, retail, and dining tenants. The building provides 60 rear parking spaces. C-1 zoning supports retail, service, and office uses. I-395, I-66, Rosslyn, Clarendon, Crystal City, Amazon HQ2, Reagan National Airport, and Washington, DC are each roughly five minutes away.
The property is located at 2300 N. Pershing Drive in Arlington, near N. Wayne Street, within a commercial setting that includes office, service, retail, and dining tenants. The building provides 60 rear parking spaces. C-1 zoning supports retail, service, and office uses. I-395, I-66, Rosslyn, Clarendon, Crystal City, Amazon HQ2, Reagan National Airport, and Washington, DC are each roughly five minutes away.
Key Highlights
- 1,778 SF ground‑floor retail condominium in The Bromptons at Lyon Park
- Two separately metered suites with individual N. Pershing Drive entrances
- 60 rear parking spaces; parking ratio is 28.12 per 1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,477
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,189,540
$1.2M
Cap Rate 7%
$849,671
$849.7K
Cap Rate 9%
$660,856
$660.9K
Market Conditions
NOI Build-Up for 1,778 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$89.0K $50.04/SF
− Vacancy
−$4.0K −$2.25/SF
EGI
$85.0K $47.79/SF
− OpEx
−$25.5K −$14.34/SF
NOI
$59.5K $33.45/SF
Area
Arlington, VA
Vacancy
4.50%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,189,540
Cap Rate 7%
$849,671
Cap Rate 9%
$660,856
Alternative Uses
Best Use
Retail
$849.7K
$743.5K – $991.3K
NOI $59,477 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$987.6K
$864.1K – $1.15M
NOI $69,129 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 14%
Hotels & Casinos 10%
Beauty & Spa 5%
Shell
Shops & Services
19,714 visits/mo
0.4 miles
BonChon Chicken
Dining
3,892 visits/mo
0.1 miles
Days Inn Arlington/Washington DC
Hotels & Casinos
2,717 visits/mo
0.1 miles
Origins
Beauty & Spa
1,452 visits/mo
0.4 miles
Demographics for 22201, VA
39,331
Population
21,787
Households
1.8
Avg Household Size
32
Median Age
86%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
17,100
Density / Sq Mi
$141,736
Median Household Income
$89,508
Median Earnings
$2,468
Median Rent
$760,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two separately metered suites provide flexible occupancy and leasing options within a three-story commercial building.
Where is this retail space located?
The property is located at 2300 N.Pershing Dr Arlington, VA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1,778 SF ground‑floor retail condominium in The Bromptons at Lyon Park; Two separately metered suites with individual N. Pershing Drive entrances; 60 rear parking spaces; parking ratio is 28.12 per 1,000 SF
