Residential Income Property with
For Sale
$400,000
1200 CRYSTAL DRIVE #1311, Arlington, VA 22202
Contemporary apartment with in-unit laundry, concierge service, assigned garage parking, and access to transit and recreation.
Property Size935 SF
Price / SF$427.81
Days on Market102
Property Features for 1200 CRYSTAL DRIVE #1311
General Information
Standard status
Active
Size
935 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Highway Access
Yes
Amenities
concierge service
exercise room
24-hour security
elevator
extra storage
Security System
Forced Air
Central A/C
Ceiling Fan(s)
Built-In Microwave
Dishwasher
Disposal
Dryer
Cooktop
Oven - Wall
Refrigerator
Icemaker
Washer
Building Details
Year Built
1986
Listing Agency:
(703) 587-0945
Listed By:
Norm Odeneal · License #Virginia
(703) 587-0945
Source:
Kw
Added: May 23
Changed: Aug 31
Last Checked: Aug 2 at 3:43AM
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 Norm Odeneal
Investment Insights
Based on property information with market context.
This 935-square-foot residential income property includes 1 bedroom and 1 bathroom in a contemporary apartment layout. The kitchen is equipped with a built-in microwave, dishwasher, disposal, wall oven, cooktop, refrigerator, and icemaker. In-unit laundry includes a washer and dryer. Interior systems include forced-air heating, central A/C, ceiling fans, and a security system. The building was constructed in 1986 and provides elevator access, extra storage, concierge service, an exercise room, and 24-hour security.
The property is located at 1200 Crystal Drive #1311 in Arlington, with access to Route 1 and I-395. Crystal City Metro station and a bus stop are less than 1/2 mile away. Long Bridge Park and an aquatic and fitness center are within a short walk, while shopping and restaurants are minutes away. The property also includes an underground parking garage and one assigned parking spot.
The property is located at 1200 Crystal Drive #1311 in Arlington, with access to Route 1 and I-395. Crystal City Metro station and a bus stop are less than 1/2 mile away. Long Bridge Park and an aquatic and fitness center are within a short walk, while shopping and restaurants are minutes away. The property also includes an underground parking garage and one assigned parking spot.
Key Highlights
- 935 square feet with 1 bedroom and 1 bathroom
- Built‑in microwave, dishwasher, disposal, wall oven, cooktop, refrigerator, and icemaker
- In‑unit washer and dryer
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
$14,070
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
3.52%
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%
$281,400
$281.4K
Cap Rate 7%
$201,000
$201.0K
Cap Rate 9%
$156,333
$156.3K
Market Conditions
NOI Build-Up for 935 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
$26.9K $28.80/SF
− Vacancy
−$1.3K −$1.44/SF
EGI
$25.6K $27.36/SF
− OpEx
−$11.5K −$12.31/SF
NOI
$14.1K $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%
$281,400
Cap Rate 7%
$201,000
Cap Rate 9%
$156,333
Alternative Uses
Best Use
Apartment 5plus
$201.0K
$175.9K – $234.5K
NOI $14,070 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$519.3K
$454.4K – $605.9K
NOI $36,353 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,934
Businesses Nearby
Explore this area
Business Placement
Demographics for 22202, VA
28,472
Population
18,110
Households
1.6
Avg Household Size
35
Median Age
84%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
7,301
Density / Sq Mi
$141,933
Median Household Income
$92,818
Median Earnings
$2,448
Median Rent
$838,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary apartment with in-unit laundry, concierge service, assigned garage parking, and access to transit and recreation.
Where is this residential income property located?
The property is located at 1200 CRYSTAL DRIVE #1311 Arlington, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 935 square feet with 1 bedroom and 1 bathroom; Built‑in microwave, dishwasher, disposal, wall oven, cooktop, refrigerator, and icemaker; In‑unit washer and dryer
