New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,110,000
Garden apartment buildings
1220 Queen St, Arlington, VA 22209-3357
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0727770
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1945
Total area
11,776 SF
Lot
0.62 ac (27,188 SF)
Zoning code
RA6-15
APN
17-038-006
UPID
US87-0727770
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Portal Mauritania Travel Agency
-
M & M Painting & Decorating Co Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.11M
Owner & transaction history
Arna Marbella LP · 3 yrs held
Arna Marbella LP
since 2022
Last sale
$11.8M
4 recorded transactions
Zoning & alternative use
RA6-15 · Arlington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$12,150,000
ML approach
$8,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.11M
Range $10.00M – $12.22M · ±10% · vs last sale $11.80M (Dec 29 2022)
Last sale anchor
$11.80M
Dec 29 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$943 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$41,630
Tax year 2024
Assessed value
$4,030,000
Assessed 2024
Previous assessed
$3,951,900
+2.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$2,483,600
Assessed improvement
$1,546,400
Land market value
$2,483,600
Improvement market value
$1,546,400
Total market value
$4,030,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1945
Heating
NONE
Units
26
Total area
11,776 SF
Lot
0.62 ac (27,188 SF)
Zoning code
RA6-15
APN
17-038-006
UPID
US87-0727770
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA6-15 · Arlington, VA
Zoning RA6-15 · permitted uses
RA6-15 · Arlington, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Units
26
Lot
0.62 ac
Current owner
From public records · entity-resolved
Arna Marbella LP
Entity
Mailing address
4318 N CARLIN SPGS RD, ARLINGTON, VA 22203-2006
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
—
Arna Marbella LP
—
Deed
related
$32,380,000 · County Board Arlington County
Jan 3, 2023
—
Arna Marbella LP
—
Deed
related
$2,853,788 · County Board Arlington County
Dec 29, 2022
$11,800,000
Arna Marbella LP
Marbella Development LLC
Special Warranty Deed
$16,100,000 · Virginia Housing Dev Authority
Jun 17, 2011
$13,000,000
Marbella Dev LLC
Briarcliff Manor Associates LP
Grant Deed
$10,080,000 · Housing Dev Authority Virginia
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1220 Queen St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
