Building Details

Building Size 1 SF

Year Built 2009

Listing Agency: DL Homes, LLC Show Phone

Listed By: Christopher J Deausen Show Phone

Source: Kempandassociatesre

Added: Oct 19 Changed: Oct 28 Last Checked: Oct 28 at 12:28PM

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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 DL Homes, LLC

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Investment Insights

Based on property information with market context.

The 4,400-square-foot restaurant property was built in 2009 and includes an outdoor patio. The sale includes the real estate and business assets, and the site has three parking spaces. Zoning is C-O-ROSS, within the Mixed Use Rosslyn District.

A hotel, residential and civic or retail space is opening next to the business. Additional modern residential and commercial development is planned in the surrounding area.

Key Highlights

• 4,400‑square‑foot restaurant property built in 2009
• Outdoor patio for dining
• Sale includes real estate and business assets

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$171,072

Cap Rate

4.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,421,440 $3.4M

Cap Rate 7%

$2,443,886 $2.4M

Cap Rate 9%

$1,900,800 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,400 SF

Gross rent

$237.6K $54.00/SF

− Vacancy

−$9.5K −$2.16/SF

EGI

$228.1K $51.84/SF

− OpEx

−$57.0K −$12.96/SF

NOI

$171.1K $38.88/SF

Area

Arlington, VA

Vacancy

4.00%

Lease Rate

$54.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,421,440

Cap Rate 7%

$2,443,886

Cap Rate 9%

$1,900,800

Alternative Uses

Best Use

Specialty Retail

$2.44M

$2.14M – $2.85M (±1% cap)

NOI $171,072 @ 7.0% cap · market cap 4.07%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Turnberry Tower Condominium Complex Gulliver's Charters LLC Boat Rental Service DEAZLY, Inc Interior Design Gazmur LLC General Contractor Makassed Foundation of America Association / Organization

Suggested Use

Top Pick Garden Center Electrical Service Auto Repair Shop (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

3,827

Businesses Nearby

64k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 43% Groceries 28% Dining 20% Hotels & Casinos 9%

Safeway Groceries

17,774 visits/mo 0.2 miles

Exxon Shops & Services

16,827 visits/mo 0.4 miles

7-Eleven Shops & Services

10,712 visits/mo 0.3 miles

Chopt Dining

7,293 visits/mo 0.2 miles

Starbucks Dining

5,851 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - A 2009 restaurant property includes outdoor dining space and associated business assets.

Where is this conventional restaurant located?

The property is located at 1881 N Nash Street N # Commu Arlington, VA.

What is the asking price?

The asking price for this property is $4,199,000.

What are key features of this property?

This property features: 4,400‑square‑foot restaurant property built in 2009; Outdoor patio for dining; Sale includes real estate and business assets