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    Property profile & analytics

    2700 Quincy St Arlington, VA 22206

    • Commercial real estate
    • 987,000 SF
    • 0.06 lot acres
    For Lease
    View listing
    $38 SF/Yr
    Value Estimations
    $1,210,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0991962
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • RMM / Architect
    • Truist / Bank
    • Bonaventure / Real Estate Agency
    • Pharmanalysis Group Inc / Pharmaceutical Company
    • Federal Realty / Real Estate Agency

    Property Details for 2700 Quincy St

    Year built
    1987
    Lot size
    0.06 lot acres
    Property size
    987,000 SF
    Zone code
    C-O-1.5
    Property type
    Commercial real estate
    APN
    29-020-011
    APU
    29020011

    Description

    This five-story, Class B office building, totaling 67,336 square feet, offers multiple tenancy options ranging from 2,211 to 6,400 square feet. Located at 2700 S Quincy St in Arlington, Virginia (zip code 22206), this property boasts a prime location in the Shirlington submarket, just steps from the Shirlington Transit Center, the W&OD trail, and Capital Bikeshare. Enjoy the vibrant local scene with nearby restaurants and retailers including Busboys & Poets, Peet's Coffee, and numerous other dining and entertainment options. The building, constructed in 1986 and renovated in 2024, features modern, flexible office spaces including new Town Hall Spec Suites. Amenities include free parking and private terraces. The property sits on 0.31 acres and is zoned C-O-1.5. Its convenient location just off I-395 and 7 miles from Washington, D.C., provides easy access to major transportation routes and the nation's capital. The Arlington County property (APN 29-020-011) presents a unique opportunity for businesses seeking a productive and well-located office environment. Twelve spaces are currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Arlington
    State
    Virginia
    Longitude
    -77.0873
    Latitude
    38.8412
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,403
    $166,500
    $1,509,100
    $1,675,600
    -
    $166,500
    $1,509,100
    $1,675,600

    Comparable in this City

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      4200 Campbell Ave

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    • Value Estimation
      $640,000
      0.92 Acres

      2640 Shirlington Rd

      COMMERCIAL (GENERAL) • 0.92 Acres
      2640 Shirlington Rd, Arlington, VA 22206-2530
      View Details
    • Value Estimation
      $55,000
      0.50 Acres

      4008 4th Mile Run Dr

      COMMERCIAL (GENERAL) • 0.50 Acres
      4008 4th Mile Run Dr, Arlington, VA 22206
      View Details
    • Value Estimation
      $1,255,000
      986,000 SF

      4031 Campbell Ave

      COMMERCIAL (GENERAL) • 986,000 SF
      4031 Campbell Ave, Arlington, VA 22206
      View Details
    • Value Estimation
      $1,155,000
      44,316 SF

      4700 Chesterfield Rd

      COMMERCIAL (GENERAL) • 44,316 SF
      4700 Chesterfield Rd, Arlington, VA 22206-1016
      View Details
    • Value Estimation
      $1,425,000
      226,919 SF

      4901 Chesterfield Rd

      COMMERCIAL (GENERAL) • 226,919 SF
      4901 Chesterfield Rd, Arlington, VA 22206-1018
      View Details

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    Similar Nearby for Lease

    • $38 SF/Yr
      67,336 SF

      Shirlington Office Space for Lease

      Arlington Office Building, Modern Suites Available
      2700 Quincy St, Arlington, VA 22206
      View Details
    • $3,000 /Mo
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      Upper-level condo with balcony available in Fairlington Villages.
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      Arlington Office Space For Rent

      Office space available for lease in Arlington, Virginia.
      2900 S Quincy St, Arlington, VA 22206
      View Details
    • Contact for pricing
      30,617 SF

      New Construction Office Space Available

      New construction office space for lease with build-out options.
      2640 Shirlington Rd, Arlington, VA 22206
      View Details
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    Arlington, VA 22206
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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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