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Property profile & analytics
OFF-MARKET
Estimated value
$8,480,000
High-rise multifamily apartments
1515 Richmond Hwy, Arlington, VA 22202-3314
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-3636476
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1980
Total area
980,000 SF
Lot
4.52 ac (196,771 SF)
Zoning code
C-O
APN
34-020-253
UPID
US87-3636476
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.48M
Owner & transaction history
Crystal Square Property Owner LLC · 4 yrs held
Crystal Square Property Owner LLC
since 2021
7 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
$9 / 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
$1,617,520
Tax year 2024
Assessed value
$150,327,100
Assessed 2024
Previous assessed
$143,989,100
+4.4% YoY
Effective rate
1.08%
On assessed value
Assessed land
$32,508,000
Assessed improvement
$117,819,100
Land market value
$32,508,000
Improvement market value
$117,819,100
Total market value
$150,327,100
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1980
Heating
NONE
Units
378
Total area
980,000 SF
Lot
4.52 ac (196,771 SF)
Zoning code
C-O
APN
34-020-253
UPID
US87-3636476
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
1980
Heating
NONE
Units
378
Lot
4.52 ac
Current owner
From public records · entity-resolved
Crystal Square Property Owner LLC
Entity
Mailing address
1050 17TH ST NW STE #300, WASHINGTON, DC 20036-5538
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Crystal Square Property Owner LLC
—
Deed
related
$100,764,000 · Newpoint Real Estate Capital LLC
Oct 4, 2021
—
Crystal Square Property Owner LLC
Ramo Property Owner LLC
Deed
—
Jul 24, 2017
$135,000,000
Ramo Property Owner LLC
Crp Of Bainbridge Crystal Sq LLC
Trustees Deed
related
$100,764,000 · Grandbridge R/e Cap
Jan 24, 2012
—
Crp Of Bainbridge Crystal Sq LLC
—
Deed Of Trust
related
$93,050,000 · Jones Lang Lasalle Operations
Dec 28, 2007
$122,657,095
Crp Of Bainbridge Crystal Square
Tishman Speyer Archstone-smith
Grant Deed
$93,000,000 · Prudential Multifamily Mtg INC
Oct 24, 2007
—
Tishman Speyer Archstone-smith
Asn Virginia Holdings LLC
Grant Deed
related
—
Nov 10, 2005
$10
Asn Virginia Holdings LLC
Smith Property Holdings Two
Grant Deed
related
—
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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