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Property profile & analytics
OFF-MARKET
Estimated value
$3,325,000
Garden apartment buildings
1501 Pierce St Arlington, VA 22209-2807
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0654787
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1954
Total area
9,504 SF
Lot
0.33 ac (14,589 SF)
Zoning code
RA4.8
APN
17-003-001
UPID
US87-0654787
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
-
Williamsburg Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.45M
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.33M
Owner & transaction history
1501 Arlington Blvd LLC · 4 yrs held
1501 Arlington Blvd LLC
since 2022
Last sale
$3.3M
2 recorded transactions
Zoning & alternative use
RA4.8 · 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
$3,345,000
ML approach
$3,450,000
CAP Approach
CAP Return
Estimation
6%
$2,385,000
6.5%
$2,200,000
7%
$2,045,000
Blend value · Realmo final
$3.33M
Range $2.99M – $3.66M · ±10% · vs last sale $3.25M (Mar 28 2022)
Last sale anchor
$3.25M
Mar 28 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
$350 / 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
$26,032
Tax year 2024
Assessed value
$2,520,000
Assessed 2024
Previous assessed
$2,520,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,976,100
Assessed improvement
$543,900
Land market value
$1,976,100
Improvement market value
$543,900
Total market value
$2,520,000
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
1954
Heating
NONE
Stories
3
Units
14
Total area
9,504 SF
Lot
0.33 ac (14,589 SF)
Zoning code
RA4.8
APN
17-003-001
UPID
US87-0654787
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA4.8 · Arlington, VAZoning RA4.8 · permitted uses
RA4.8 · 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
1954
Heating
NONE
Stories
3
Units
14
Lot
0.33 ac
Current owner
From public records · entity-resolved
1501 Arlington Blvd LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11180 SUNRISE VLY DR, RESTON, VA 20191-5464
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$3,250,000
1501 Arlington Blvd LLC
1501 N Pierce LLC
Special Warranty Deed
—
Dec 22, 2020
$2,520,000
1501 N Pierce LLC
Williamsburg Land Corp
Grant Deed
—
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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