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Property profile & analytics
OFF-MARKET
Estimated value
$9,995,000
High-rise multifamily apartments
2500 Clarendon Blvd Arlington, VA 22201-3850
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0601293
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1987
Total area
987,000 SF
Lot
1.97 ac (85,641 SF)
Zoning code
RA4.8
APN
18-007-031
UPID
US87-0601293
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
-
Wichita State University University
-
Dittmar Co Property Management Company
-
Romelle Apartment Complex
-
Courtland Park Apartment Complex Apartment Building
-
Urban Capital Development Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.00M
Owner & transaction history
Courtland Park Associates Lc · 8 yrs held
Courtland Park Associates Lc
since 2017
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$10 / 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
$1,040,704
Tax year 2024
Assessed value
$100,745,800
Assessed 2024
Previous assessed
$92,460,800
+9.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$22,951,000
Assessed improvement
$77,794,800
Land market value
$22,951,000
Improvement market value
$77,794,800
Total market value
$100,745,800
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
1987
Heating
NONE
Units
266
Total area
987,000 SF
Lot
1.97 ac (85,641 SF)
Zoning code
RA4.8
APN
18-007-031
UPID
US87-0601293
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA4.8 · Arlington, VA
Zoning 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
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Units
266
Lot
1.97 ac
Current owner
From public records · entity-resolved
Courtland Park Associates Lc
Entity
Mailing address
8321 OLD COURTHOUSE RD, VIENNA, VA 22182-3817
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2017
—
Courtland Park Associates Lc
—
Deed
related
$21,833,030 · Miscellaneous Ins Co
—
—
Courtland Park Associates Lc
—
Loan Modification
related
$11,428,693 · Massachusetts Mutual Life Ins
—
—
Courtland Park Associates Lc
—
Deed Of Trust
related
$15,000,000 · Massachusetts Mutual Life Ins
—
—
Courtland Park Associates Lc
—
Loan Modification
related
$21,833,030 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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