Residential Income Property with
New
For Sale
$599,900
3600 S GLEBE ROAD Unit 417W, Arlington, VA 22202
Corner residence with updated finishes, private outdoor space, garage parking, and access to extensive community amenities.
Property Size1,164 SF
Price / SF$515.38
Days on Market4
Property Features for 3600 S GLEBE ROAD Unit 417W
General Information
Standard status
Active
Size
1,164 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,237
Amenities
Fitness Center
Pool
24 hr concierge
community/party room
roof-deck
Building Details
Building Size
1,164 SF
Year Built
2006
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Brad C Kintz · License #0225063045
(703) 629-0103
Source:
Kerishull
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 10:00AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 2BR/2BA corner residence at 3600 S Glebe Road Unit 417W offers 1,164 square feet within a 2006-built property. The interior includes an open kitchen with breakfast bar, granite countertops, stainless-steel appliances, substantial cabinetry, and connected living and dining areas. Recent improvements include LVP flooring, bedroom carpeting, fresh paint, a 2022 HVAC system, and a 2023 HWH. A covered wraparound terrace extends the living area, while garage parking and a separate storage unit add practical utility.
Community amenities include a fitness center, pool, 24-hour concierge, party room, and roof deck with views toward the Potomac River and DC. The property is blocks from the Metro and VA Tech Innovation Campus, with the airport and Amazon HQ2 a short drive away.
Community amenities include a fitness center, pool, 24-hour concierge, party room, and roof deck with views toward the Potomac River and DC. The property is blocks from the Metro and VA Tech Innovation Campus, with the airport and Amazon HQ2 a short drive away.
Key Highlights
- 2BR/2BA corner residence with 1,164 square feet
- Oversized wraparound covered terrace
- Updated with LVP flooring, new bedroom carpet, and fresh paint
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
$17,516
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
2.92%
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%
$350,320
$350.3K
Cap Rate 7%
$250,229
$250.2K
Cap Rate 9%
$194,622
$194.6K
Market Conditions
NOI Build-Up for 1,164 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
$33.5K $28.80/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$31.8K $27.36/SF
− OpEx
−$14.3K −$12.31/SF
NOI
$17.5K $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%
$350,320
Cap Rate 7%
$250,229
Cap Rate 9%
$194,622
Alternative Uses
Best Use
Apartment 5plus
$250.2K
$219.0K – $291.9K
NOI $17,516 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$646.5K
$565.7K – $754.3K
NOI $45,256 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
831
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with updated finishes, private outdoor space, garage parking, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 3600 S GLEBE ROAD Unit 417W Arlington, VA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2BR/2BA corner residence with 1,164 square feet; Oversized wraparound covered terrace; Updated with LVP flooring, new bedroom carpet, and fresh paint
