Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2230 Fairfax Dr Arlington, VA 22201-6616

    • High-rise multifamily apartments
    • 7,740 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0736872
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Full Circle Montessori School (FRED Campus) / High School / Daycare Center
    • Affordable Homes & Communities (AHC) / Charitable Organization / Social Service Agency
    • Frederick At Courthouse / Apartment Complex
    • Arlington Housing Corporation / Apartments
    • Eco Crystal Cleaning Services / Hardware & Home Improvement / Waste Management Facility

    Property Details for 2230 Fairfax Dr

    Year built
    2006
    Lot size
    0.70 lot acres
    Property size
    7,740 SF
    Zone code
    RA6-15
    Property type
    High-rise multifamily apartments
    APN
    18-084-013
    APU
    18084013

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $859,000
      Market price range: $110k - $859k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Arlington
    State
    Virginia
    Longitude
    -77.0854
    Latitude
    38.8864
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $286,184
    $6,983,100
    $20,279,900
    $27,263,000
    -
    $6,983,100
    $20,279,900
    $27,263,000

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      1200 Herndon St

      HIGH-RISE APARTMENTS • 0.13 Acres
      1200 Herndon St, Arlington, VA 22201-7020
      View Details
    • Value Estimation by Request
      0.05 Acres

      Herndon St

      HIGH-RISE APARTMENTS • 0.05 Acres
      Herndon St, Arlington, VA 22201
      View Details
    • Value Estimation by Request
      0.19 Acres

      Herndon St

      HIGH-RISE APARTMENTS • 0.19 Acres
      Herndon St, Arlington, VA 22201
      View Details
    • Value Estimation
      $9,995,000
      987,000 SF

      2500 Clarendon Blvd

      HIGH-RISE APARTMENTS • 987,000 SF
      2500 Clarendon Blvd, Arlington, VA 22201-3850
      View Details
    • Value Estimation by Request
      591,243 SF

      1320 Veitch St

      HIGH-RISE APARTMENTS • 591,243 SF
      1320 Veitch St, Arlington, VA 22201-6221
      View Details
    • Value Estimation
      $12,555,000
      989,001 SF

      4650 Washington Blvd

      HIGH-RISE APARTMENTS • 989,001 SF
      4650 Washington Blvd, Arlington, VA 22201-5737
      View Details

    Similar Nearby for Sale

    • $350,000

      Top Floor Unit Near Metro

      Updated apartment near Virginia Square Metro station with included utilities.
      3515 Washington Blvd, Arlington, VA 22201
      View Details
    • $599,900

      Penthouse Condo with Arlington Views

      Spacious penthouse condo in Courthouse with stunning views and amenities.
      1301 N Courthouse Rd Rd N, Arlington, VA 22201
      View Details
    • $275,000

      Renovated Unit Near Georgetown

      Stylish, renovated unit with modern amenities and convenient location.
      2100 Langston Blvd Blvd, Arlington, VA 22201
      View Details
    • $699,000
      998 SF

      Clarendon Condo with Private Balcony

      Well-maintained 2BR/2BA condo in Clarendon with luxury amenities.
      1205 Garfield St, Arlington, VA 22201
      View Details
    • $1,498,000
      2,964 SF

      Updated Multifamily Near Ballston Metro

      Well-maintained triplex near Ballston Metro with strong rental income.
      1138 N Stafford St, Arlington, VA 22201
      View Details
    • Contact for pricing
      7,331 SF

      Arlington Auto Shop Investment Opportunity

      Prime Washington Blvd location, 7,331 sq ft.
      3435 Washington Blvd, Arlington, VA 22201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,894 SF

      Arlington Retail Space For Rent

      Retail space available in Arlington near Virginia Square Metro.
      3601-3611 Wilson Blvd, Arlington, VA 22201
      View Details
    • $12,900 /Mo

      Arlington Office Building with Parking

      Two-story office building with dedicated parking in Arlington, Virginia.
      4701 Old Dominion Dr, Arlington, VA 22201
      View Details
    • Contact for pricing

      Mixed-Use Project Above Courthouse Metro

      Mixed-use property with residential, retail, and proposed hotel components.
      2200 Clarendon Blvd, Arlington, VA 22201
      View Details
    • Contact for pricing
      1,500 SF

      Prime Retail Space in Clarendon

      1,200 SF retail space near Clarendon Metro Station.
      2727-2729 Wilson Blvd, Arlington, VA 22201
      View Details
    • Contact for pricing
      6,825 SF

      Arlington Retail Space For Lease

      Prime Arlington Gym Space - 6,825 SF
      2825 Wilson Blvd, Arlington, VA 22201
      View Details
    • Contact for pricing
      1 SF

      Courthouse West Retail Space

      Arlington, VA: Prime Retail Opportunity
      2636 Wilson Blvd, Arlington, VA 22201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2230 Fairfax Dr
    Arlington, VA 22201-6616
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.