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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Garden apartment buildings
1701 Edgewood St Arlington, VA 22204-5243
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-1330727
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1951
Total area
6,549 SF
Lot
0.34 ac (14,682 SF)
Zoning code
RA14-26
APN
32-001-012
UPID
US87-1330727
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
$2.40M
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
1701 Edgewood LLC · 2 yrs held
1701 Edgewood LLC
since 2024
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
RA14-26 · 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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
$1,640,000
6.5%
$1,515,000
7%
$1,410,000
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Jan 3 2024)
Last sale anchor
$2.40M
Jan 3 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
$366 / 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
$19,428
Tax year 2024
Assessed value
$1,880,700
Assessed 2024
Previous assessed
$1,828,800
+2.8% YoY
Effective rate
1.03%
On assessed value
Assessed land
$590,100
Assessed improvement
$1,290,600
Land market value
$590,100
Improvement market value
$1,290,600
Total market value
$1,880,700
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
1951
Heating
NONE
Stories
3
Units
9
Total area
6,549 SF
Lot
0.34 ac (14,682 SF)
Zoning code
RA14-26
APN
32-001-012
UPID
US87-1330727
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA14-26 · Arlington, VAZoning RA14-26 · permitted uses
RA14-26 · 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
1951
Heating
NONE
Stories
3
Units
9
Lot
0.34 ac
Current owner
From public records · entity-resolved
1701 Edgewood LLC
Entity
Mailing address
1700 ARMY NAVY DR, ARLINGTON, VA 22202-1640
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
Jan 3, 2024
$2,400,000
1701 Edgewood LLC
Fairview Apartments LLC
Deed
—
Apr 20, 2020
—
Fairview Apartments LLC
—
Deed
related
$1,160,000 · Jp Morgan Chase Bk
Aug 17, 2017
$1,550,000
Fairview Apartments LLC
Cornejo Ana L Living Trust
Grant Deed
$1,181,250 · Fulton Bk NA
—
—
Cornejo,ana L Living Trust
—
Deed Of Trust
related
$1,120,000 · Jp Morgan Chase Bank NA
—
—
Fairview Apartments LLC
—
Deed Of Trust
related
$1,160,000 · Jp Morgan Chase Bk
—
—
Cornejo Ana L Living Trust
—
Deed Of Trust
related
$600,000 · J P Morgan Chase Bank
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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