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    2425-2511 Harrison St Arlington, VA 22207
    Property profile & analytics

    2425-2511 Harrison St, Arlington, VA 22207

    View on Map
    • Lifestyle centers
    • 119,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lee Harrison Shopping Center / Business Service Center / Corporate Office

    Property Details for 2425-2511 Harrison St

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Lee Harrison Shopping Center, located at 2425-2511 North Harrison Street and 5335 Lee Highway, Arlington, VA 22207, offers exceptional retail opportunities. This three-building, 119,000 square foot shopping center boasts a diverse tenant mix including Harris Teeter, Virginia ABC, H&R Block, Elevation Burger, and Duck Donuts. The property features multiple available spaces ranging from 429 to 2,400 contiguous square feet, with a total of 5,429 square feet currently vacant. Its prime location at a signalized intersection ensures high visibility and easy access, complemented by ample on-site parking. The center benefits from its position in a densely populated area, with over 185,000 residents within a three-mile radius and projected annual population growth of approximately 1% over the next five years. This translates to a strong consumer base and robust labor pool. Arlington's proximity to Washington, D.C., and its vibrant community atmosphere further enhance the property's appeal. The high daily traffic count exceeding 24,000 vehicles provides excellent exposure for businesses seeking a prominent location in this thriving Arlington County market. This is a unique opportunity to establish a presence in a well-established and successful shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Arlington
    State
    Virginia
    Longitude
    -77.1375
    Latitude
    38.897

    Comparable in this City

    • Value Estimation
      $1,295,000
      19,000 SF

      5400 Langston Blvd

      SHOPPING CENTER, STRIP CENTER
      5400 Langston Blvd, Arlington, VA 22207-1614
      View Details
    • Value Estimation
      $1,195,000
      27,949 SF

      2500 Harrison St

      SHOPPING CENTER, STRIP CENTER
      2500 Harrison St, Arlington, VA 22207-1600
      View Details
    • Value Estimation
      $1,180,000
      19,752 SF

      6400 Williamsburg Blvd

      SHOPPING CENTER, STRIP CENTER
      6400 Williamsburg Blvd, Arlington, VA 22207-1153
      View Details
    • Value Estimation
      $630,000
      18,400 SF

      5701 Langston Blvd

      SHOPPING CENTER, STRIP CENTER
      5701 Langston Blvd, Arlington, VA 22207-1424
      View Details
    • Value Estimation
      $3,785,000
      128,106 SF

      2425 Harrison St

      SHOPPING CENTER, STRIP CENTER
      2425 Harrison St, Arlington, VA 22207-1611
      View Details
    • Value Estimation
      $1,040,000
      17,150 SF

      2900 Sycamore St

      SHOPPING CENTER, STRIP CENTER
      2900 Sycamore St, Arlington, VA 22207-1135
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,354 SF

      Retail Space in Cherrydale

      Retail space in a mixed-use building in Arlington, Virginia.
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      Retail Space in Lee Harrison

      Retail space available in high-traffic Arlington shopping center.
      2425-2511 North Harrison St, Arlington, VA 22207
      View Details
    • Contact for pricing

      Retail Spaces in Cherrydale

      Retail spaces available in Arlington's affluent Cherrydale neighborhood.
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    Arlington, VA 22207
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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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