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Property profile & analytics
FOR LEASE
Office buildings
1400 Crystal Dr Arlington, VA 22202
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0631967
For Lease
1 / 32
Contact for pricing
1400 Crystal Dr, Arlington, VA 22202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1970
Total area
305,500 SF
Lot
1.34 ac (58,232 SF)
Zoning code
C-O
APN
34-024-340
UPID
US87-0631967
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
-
Aluminum Association Business Service Center Corporate Office
-
DeVry University College Adult Education School
-
Millennium Corporation Corporate Office
-
The Ferra Group Freight Service Logistics Company
-
District Offices Coworking & Office Space - National Landing Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1400 Crystal Property Owner LP · 4 yrs held
1400 Crystal Property Owner LP
since 2022
Last sale
$188.5M
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$1,501,921
Tax year 2024
Assessed value
$125,055,900
Assessed 2024
Previous assessed
$163,536,400
-23.5% YoY
Effective rate
1.20%
On assessed value
Assessed land
$18,666,100
Assessed improvement
$106,389,800
Land market value
$18,666,100
Improvement market value
$106,389,800
Total market value
$125,055,900
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1970
Heating
NONE
Total area
305,500 SF
Lot
1.34 ac (58,232 SF)
Zoning code
C-O
APN
34-024-340
UPID
US87-0631967
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-O · Arlington, VAZoning 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
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Lot
1.34 ac
Current owner
From public records · entity-resolved
1400 Crystal Property Owner LP
Entity
Mailing address
1255 23RD ST NW STE #250, WASHINGTON, DC 20037-1168
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
$188,500,000
1400 Crystal Property Owner LP
Ml 1400 Crystal LLC
Special Warranty Deed
$141,000,000 · United Overseas Bank Limited
Aug 22, 2019
—
Ml 1400 Crystal LLC
—
Deed
related
$112,000,000 · Deutsche Pfandbriefbank Ag
Apr 2, 2013
—
Ml 1400 Crystal LLC
Ml Jefferson LLC
Deed Of Trust
related
$130,000,000 · Wells Fargo Bank
Jan 31, 2008
$150,000,000
Ml Jefferson LLC
Jefferson Plaza I & II LLC
Grant Deed
related
$98,000,000 · Anglo Irish Bank Corp Plc
—
—
Ml 1400 Crystal LLC
—
Loan Modification
related
$112,000,000 · Deutsche Pfandbriefbank Ag
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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