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    1408 Fillmore St Unit Arlington, VA 22201

    • Office Properties & Spaces
    For Sale
    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 Unit

    Year built
    1950
    Property type
    Office Properties & Spaces

    Description

    This exceptional leasing opportunity presents multiple office suites in a vibrant Arlington, VA location. Situated directly above the popular Ambar restaurant in the heart of Clarendon, these suites benefit from significant foot traffic and high visibility. The property offers convenient access to a variety of amenities and is ideally positioned within a bustling commercial district. The specific square footage of each available suite will be provided upon request, allowing for flexible options to suit various business needs. Leasing rates are competitive, ranging from $30 to $33 per square foot, reflecting the prime location and desirability of this property. Interested parties are encouraged to inquire promptly to secure their preferred suite(s) in this sought-after Arlington location. The building's prominent position ensures excellent exposure for businesses seeking a high-traffic environment. This is an unparalleled chance to establish a presence in a thriving commercial hub, surrounded by a diverse range of businesses and a strong customer base. Detailed floor plans and lease terms are available upon request. Don't miss this opportunity to secure your ideal office space in the dynamic Clarendon neighborhood of Arlington, Virginia.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Arlington
    State
    Virginia
    Longitude
    -77.0935
    Latitude
    38.8889

    Comparable in this City

    • Value Estimation
      $1,920,000
      9,654 SF

      2007 15th N St

      OFFICE (GENERAL) • 9,654 SF
      2007 15th N St, Arlington, VA 22201-2684
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    • Value Estimation by Request

      2726 Washington Blvd

      Office Properties & Spaces
      2726 Washington Blvd, Arlington, VA 22201
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    • Value Estimation
      $825,000
      2,904 SF

      2800 10th N St

      OFFICE (GENERAL) • 2,904 SF
      2800 10th N St, Arlington, VA 22201-2174
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    • Value Estimation
      $8,185,000
      26,482 SF

      Fairfax Dr

      OFFICE (GENERAL) • 26,482 SF
      Fairfax Dr, Arlington, VA 22201
      View Details
    • Value Estimation by Request
      15,144 SF

      1408 Fillmore St

      Office Properties & Spaces • 15,144 SF
      1408 Fillmore St, Arlington, VA 22201
      View Details
    • Value Estimation
      $6,030,000
      30,836 SF

      3138 10th N St

      OFFICE (GENERAL) • 30,836 SF
      3138 10th N St, Arlington, VA 22201-2160
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Arlington Office Suites - Clarendon

      Prime Clarendon office space, high foot traffic.
      1408 Fillmore St Unit, Arlington, VA 22201
      View Details
    • Contact for pricing

      Arlington Office Suites - Clarendon

      Prime Clarendon office space, high foot traffic.
      1408 Fillmore St Unit, Arlington, VA 22201
      View Details
    • Contact for pricing
      0.26 Acres

      Arlington Class A Office Space

      Prime Arlington location, flexible suites, metro access.
      2200 Wilson Blvd, Arlington, VA 22201
      View Details
    • Contact for pricing

      Arlington Courthouse Office Suite

      Seven-room office, prime location, full-service lease.
      2007 15Th St, Arlington, VA 22201
      View Details
    • Contact for pricing

      Arlington Courthouse Office Suite

      Prime location, full-service lease.
      2007 15Th St, Arlington, VA 22201
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    • Contact for pricing
      0.13 Acres

      Clarendon Office Suite - Arlington, VA

      Prime Clarendon location, two offices, shared amenities.
      3240 Wilson Blvd, Arlington, VA 22201
      View Details

    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
    • $39 SF/Yr
      3,468 SF

      Arlington Courthouse Office Suites

      Prime Arlington location, 3 suites available
      2007 15Th St, Arlington, VA 22201
      View Details
    • $12,900 /Mo

      Arlington Office Building with Parking

      Two-story office building with dedicated parking in Arlington, Virginia.
      4701 Old Dominion Dr, Arlington, VA 22201
      View Details
    • Contact for pricing

      Mixed-Use Project Above Courthouse Metro

      Mixed-use property with residential, retail, and proposed hotel components.
      2200 Clarendon Blvd, Arlington, VA 22201
      View Details
    • $4,813 /Mo

      Courthouse Area Office Suite

      Seven-room office suite in Courthouse neighborhood, near Metro.
      2007 15Th St N, Arlington, VA 22201
      View Details
    • $34 SF/Yr
      22,727 SF

      Renovated Office Space Available Now

      Move-in ready office space with modern amenities and convenient location.
      2111 Wilson Blvd, Arlington, VA 22201
      View Details
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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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