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Property profile & analytics
OFF-MARKET
Estimated value
$35,970,000
Hotels
1345 Courthouse Rd Arlington, VA 22201-2507
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-1302864
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2002
Lot
0.01 ac (220 SF)
Zoning code
C-O
APN
17-016-010
UPID
US87-1302864
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
-
Ragtime Restaurant Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$35.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.97M
Owner & transaction history
Hosparlva Chp LLC · 1 yrs held
Hosparlva Chp LLC
since 2024
Last sale
$36.0M
6 recorded transactions
Zoning & alternative use
C-O · 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
$35,970,000
ML approach
$35,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$35.97M
Range $32.37M – $39.57M · ±10% · vs last sale $35.97M (Jul 23 2024)
Last sale anchor
$35.97M
Jul 23 2024
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
—
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
$5,390
Tax year 2024
Assessed value
$465,500
Assessed 2024
Previous assessed
$414,200
+12.4% YoY
Effective rate
1.16%
On assessed value
Assessed land
$76,600
Assessed improvement
$388,900
Land market value
$76,600
Improvement market value
$388,900
Total market value
$465,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2002
Heating
NONE
Units
3
Lot
0.01 ac (220 SF)
Zoning code
C-O
APN
17-016-010
UPID
US87-1302864
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-O · Arlington, VA
Zoning C-O · permitted uses
C-O · 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
2002
Heating
NONE
Units
3
Lot
0.01 ac
Current owner
From public records · entity-resolved
Hosparlva Chp LLC
Entity
Mailing address
1717 MCKINNEY AVE S STE #1900, DALLAS, TX 75202-1253
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$35,972,000
Hosparlva Chp LLC
Cp/ipers Arlington Hotel LLC
Special Warranty Deed
$34,105,000 · Western Alliance Bank
May 16, 2016
—
Cp & Ipers Arlington Hotel LLC
—
Deed
related
$17,700,000 · Miscellaneous Ins Co
Mar 28, 2011
$60,345,448
Cp Of Ipers Arlington Hotel LLC
Courthouse Hotel Props LLC
Grant Deed
$21,034,024 · Wells Fargo Bk NA #2005-3 (ce)
Sep 22, 2006
$42,920,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Dec 16, 1988
$1,000,000
Arlington & Courthouse L P
Owner Name Unavailable
Grant Deed
related
$2,000,000 · American Sec Bk
—
—
Cp & Ipers Arlington Hotel LLC
—
Deed Of Trust
related
$17,700,000 · Miscellaneous Ins Co
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.
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