Renovated Studio Cooperative
For Sale
$165,000
1011 ARLINGTON BOULEVARD Unit 501, Arlington, VA 22209
Fifth-floor cooperative studio with updated kitchen and bath, abundant natural light, and landscaped community grounds.
Property Size463 SF
Days on Market14
Property Features for 1011 ARLINGTON BOULEVARD Unit 501
General Information
Standard status
Active
Size
463 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,488
Building Details
Building Size
463 SF
Year Built
1955
Listing Agency:
Pearson Smith Realty, LLC
(703) 624-1728
Listed By:
Patrick H Giannelli · License #0225099552
(703) 624-1728
Source:
Kwcapitalproperties
Added: Aug 13
Changed: Aug 22
Last Checked: Aug 25 at 12:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pearson Smith Realty, LLC
Investment Insights
Based on property information with market context.
This fifth-floor studio at River Place South provides 463 square feet of renovated living space in a cooperative community. The kitchen has Emerald White Vita shaker cabinets, Italian Smeg appliances, Brazilian Silver Gray granite counters, and a white ceramic subway tile backsplash. The bathroom includes a matching tub and shower surround, contemporary lighting, updated fixtures, and a modern mirror. Light-toned laminate flooring and substantial natural light contribute to the bright interior.
River Place occupies 13 landscaped acres and offers views toward the Washington, D.C. skyline, the Lincoln Memorial, Washington Monument, United States Capitol, Jefferson Memorial, and Potomac River. Cooperative fees include water, electricity, gas, central heating and air conditioning, plus building-wide Wi-Fi. The property was built in 1955.
River Place occupies 13 landscaped acres and offers views toward the Washington, D.C. skyline, the Lincoln Memorial, Washington Monument, United States Capitol, Jefferson Memorial, and Potomac River. Cooperative fees include water, electricity, gas, central heating and air conditioning, plus building-wide Wi-Fi. The property was built in 1955.
Key Highlights
- Renovated 463‑square‑foot studio on the 5th floor
- Kitchen with Italian Smeg appliances and Brazilian Silver Gray granite counters
- Updated bathroom with subway tile tub/shower surround
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
$6,967
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
4.22%
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%
$139,340
$139.3K
Cap Rate 7%
$99,529
$99.5K
Cap Rate 9%
$77,411
$77.4K
Market Conditions
NOI Build-Up for 463 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
$13.3K $28.80/SF
− Vacancy
−$667 −$1.44/SF
EGI
$12.7K $27.36/SF
− OpEx
−$5.7K −$12.31/SF
NOI
$7.0K $15.05/SF
Area
Arlington, VA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$139,340
Cap Rate 7%
$99,529
Cap Rate 9%
$77,411
Alternative Uses
Best Use
Apartment 5plus
$99.5K
$87.1K – $116.1K
NOI $6,967 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$257.2K
$225.0K – $300.0K
NOI $18,001 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 22209, VA
14,859
Population
9,261
Households
1.6
Avg Household Size
33
Median Age
86%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
21,227
Density / Sq Mi
$110,824
Median Household Income
$83,221
Median Earnings
$2,171
Median Rent
$799,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fifth-floor cooperative studio with updated kitchen and bath, abundant natural light, and landscaped community grounds.
Where is this residential income property located?
The property is located at 1011 ARLINGTON BOULEVARD Unit 501 Arlington, VA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Renovated 463‑square‑foot studio on the 5th floor; Kitchen with Italian Smeg appliances and Brazilian Silver Gray granite counters; Updated bathroom with subway tile tub/shower surround
