Dual-Suite Corner Retail
For Sale
$795,000
2300 N.Pershing Dr, Arlington, VA 22201
COMMERCIAL - Arlington, VA
Property Size1,778 SF
Price / SF$447.13
Days on Market9
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
Active
APN
18-058-025
Size
1,778 SF
Utilities
Heating system
Forced Air, Electric (Heating), Zoned
Water source
Public
Amenities
recessed lighting
A/C
free parking
dual street-front and rear access
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
(804) 709-1954
Added: Aug 18
Last Checked: Aug 26 at 3:06AM
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.
Retail Space 2, Unit B is a 1,778 SF ground-floor condominium within The Bromptons at Lyon Park. The interior is divided into two separately metered suites, each with a street-facing entrance on N. Pershing Drive and rear access from the parking area. Recessed lighting, A/C, linoleum flooring, two bathrooms, and a patio are included. The property is being offered as-is, where-is.
The unit is part of a three-story, 34,974 SF Class A brick building constructed in 2004. The building provides 60 parking spaces and includes office, service, retail, and dining occupants. C-1 zoning is in place. The address is near N. Pershing Drive and N. Wayne Street, with access to I-395, I-66, Rosslyn, Clarendon, Crystal City, Amazon HQ2, Reagan National Airport, and Washington, DC described as roughly five minutes away.
The unit is part of a three-story, 34,974 SF Class A brick building constructed in 2004. The building provides 60 parking spaces and includes office, service, retail, and dining occupants. C-1 zoning is in place. The address is near N. Pershing Drive and N. Wayne Street, with access to I-395, I-66, Rosslyn, Clarendon, Crystal City, Amazon HQ2, Reagan National Airport, and Washington, DC described as roughly five minutes away.
Key Highlights
- 1,778 SF ground‑floor retail condominium at 2300 N. Pershing Dr
- Two separately metered suites with independent street‑front entrances
- Rear parking‑lot access supports staff and deliveries for both suites
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
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Ground-level space offers separate metering and street-front access for flexible occupancy.
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 at 2300 N. Pershing Dr; Two separately metered suites with independent street‑front entrances; Rear parking‑lot access supports staff and deliveries for both suites
