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Property profile & analytics
FOR LEASE
Office buildings

2451 Crystal Dr Arlington, VA 22202

395,900 SF 4.38 ac lot Built 1989
Entity Owned Absentee Owner Free & Clear
Property ID
US87-1226167
Property summary
AI-generated overview

This exceptional 50,000 square foot retail strip center, located in Arlington County's vibrant Crystal City, presents a unique investment opportunity. Three spaces are currently available, ranging from 1,030 to 7,027 square feet, offering flexibility for various retail or restaurant concepts. The property boasts a highly desirable streetfront location on Crystal Drive, with the added benefit of outdoor seating for select spaces. Crystal City's thriving community provides a strong customer base, encompassing over 11 million square feet of office space, 50,000 square feet of existing retail, and more than 10,000 residential units in condos, apartments, and hotels. This strategic location positions the property to capitalize on the significant influx of employees and residents associated with Amazon HQ2 and the surrounding area. Its proximity to Reagan National Airport and downtown Washington, D.C., further enhances its appeal. Convenient access to the Yellow/Blue Line Metro station is a significant advantage for both employees and customers. Ample on-site parking is also available, ensuring ease of access for patrons. This property offers a rare chance to establish a successful business within a dynamic and rapidly growing community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1989
Total area 395,900 SF
Lot 4.38 ac (190,586 SF)
Zoning code C-O-1.5
APN 34-020-243
UPID US87-1226167
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
  • American Public Power Association Association / Organization Electric Utility Company
  • American Diabetes Association Charitable Organization Social Service Agency
  • American Alliance of Museums Association / Organization
  • SBG Home Exteriors Roofing Company General Contractor
  • KBR Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$30.32M
Owner & transaction history
FIFTH CRYSTAL PARK ASSOC
FIFTH CRYSTAL PARK ASSOC
Zoning & alternative use
C-O-1.5 · Arlington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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