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    1408 Fillmore St Arlington, VA 22201
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    1408 Fillmore St, Arlington, VA 22201

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    • Retail properties & Spaces
    • 15,144 SF
    For Lease
    $33 SF/Yr
    View Listing →
    Arlington Office Suites for Lease For Lease
    $33 SF/Yr

    Arlington Office Suites for Lease

    Prime Clarendon location, multiple suites available.

    1408 Fillmore St, Arlington, VA 22201
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KRS Holdings / Property Management Company
    • Horn & Company / Landscaping / General Contractor
    • Beth Singer Design / Marketing & Advertising / Advertising Agency
    • Frasier Tree Service Arlington / Landscaping / General Contractor

    Property Details for 1408 Fillmore St

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional commercial property at 1408 N Fillmore St in Arlington, Virginia, offers a unique opportunity to lease multiple office suites. Located in the vibrant Clarendon neighborhood, this retail and office building boasts a total of 15,144 square feet, with a minimum divisible space of 694 square feet and a maximum contiguous space of 766 square feet. Currently, 1,460 square feet are available for lease. The building's convenient location directly above Ambar restaurant ensures high visibility and ample foot traffic, making it an ideal location for businesses seeking a prominent presence in a bustling area. The property sits on a 0.35-acre lot and is classified as both Traditional and Executive Office space, catering to a variety of business needs. The multiple tenancy structure allows for flexibility in lease terms and space requirements. This Arlington County property offers a prime opportunity for businesses seeking a thriving location with excellent accessibility and visibility. The zip code is 22201. Contact us today to learn more about leasing options and explore the possibilities of establishing your business in this dynamic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Arlington
    State
    Virginia
    Longitude
    -77.0935
    Latitude
    38.8888

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    Similar Nearby for Sale

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      Arlington Office Suites - Clarendon

      Prime Clarendon office space, high foot traffic.
      1408 Fillmore St Unit, Arlington, VA 22201
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      Arlington Office Suites - Clarendon

      Prime Clarendon office space, high foot traffic.
      1408 Fillmore St Unit, Arlington, VA 22201
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      4,016 SF

      Restaurant Space Near Clarendon Metro

      Second generation restaurant space with patio near Clarendon Metro.
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      Arlington Courthouse Office Suite

      Prime location, full-service lease.
      2007 15Th St, Arlington, VA 22201
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      0.26 Acres

      Arlington Class A Office Space

      Prime Arlington location, flexible suites, metro access.
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    Similar Nearby for Lease

    • $33 SF/Yr
      15,144 SF

      Arlington Office Suites for Lease

      Prime Clarendon location, multiple suites available.
      1408 Fillmore St, Arlington, VA 22201
      View Details
    • Contact for pricing

      Restaurant Space with Covered Patio

      Restaurant space featuring a private covered patio area.
      2025 Clarendon Blvd, Arlington, VA 22201
      View Details
    • Contact for pricing

      Spacious Office Suite in Clarendon

      Large split-level office suite in central Clarendon location for rent.
      3240 Wilson Blvd, Arlington, VA 22201
      View Details
    • $2,600 /Mo

      Retail/Office Space in Clarendon

      Retail or office space with street-facing signage in Arlington.
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      4,045 SF

      Retail Space Near Ballston Metro

      Retail space available near Ballston Metro in Arlington, VA.
      4501 N Fairfax Dr, Arlington, VA 22201
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    • $8,200 /Mo

      Iconic Loflin Building Retail Space

      Premier retail space in Arlington's desirable corridor, near Courthouse.
      2420 Wilson Blvd, Arlington, VA 22201
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    View Listing
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    Arlington, VA 22201
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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