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Property profile & analytics
OFF-MARKET
Garden apartment buildings
319 Wayne St Arlington, VA 22204-2185
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0333792
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1940
Total area
3,584 SF
Lot
0.13 ac (5,500 SF)
Zoning code
RA8-18
APN
24-030-021
UPID
US87-0333792
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
by Request
Owner & transaction history
Rpi Wayne Street LLC · 7 yrs held
Rpi Wayne Street LLC
since 2019
7 recorded transactions
Zoning & alternative use
RA8-18 · 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
—
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
$14,676
Tax year 2024
Assessed value
$1,420,700
Assessed 2024
Previous assessed
$1,772,300
-19.8% YoY
Effective rate
1.03%
On assessed value
Assessed improvement
$1,420,700
Improvement market value
$1,420,700
Total market value
$1,420,700
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
1940
Heating
NONE
Stories
2
Units
8
Total area
3,584 SF
Lot
0.13 ac (5,500 SF)
Zoning code
RA8-18
APN
24-030-021
UPID
US87-0333792
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA8-18 · Arlington, VAZoning RA8-18 · permitted uses
RA8-18 · 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
1940
Heating
NONE
Stories
2
Units
8
Lot
0.13 ac
Current owner
From public records · entity-resolved
Rpi Wayne Street LLC
Entity
Mailing address
9900 MAIN ST STE #500, FAIRFAX, VA 22031-3907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2019
$6,700,000
Rpi Wayne Street LLC
Wayne & Second Street Apt Owne
Grant Deed
related
—
Nov 20, 2018
$6,700,000
Rpi Wayne Street LLC
Wayne & Second Street Apt Owne
Grant Deed
related
—
May 31, 2013
—
Wayne Apartmen
—
Deed Of Trust
related
$3,580,000 · Burke & Herbert Bank & Trust
May 30, 2013
$4,100,000
Wayne Apartmen
Soar Properties LLC
Grant Deed
related
$3,580,000 · Burke & Herbert Bank & Trust
Apr 28, 2011
$575,000
Soar Properties LLC
Clark Joseph A
Grant Deed
related
—
Feb 23, 2010
$575,000
Soar Properties LLC
Clark Joseph A
Grant Deed
related
$2,150,000 · Cardinal Bank
May 13, 2004
$1,575,000
Joseph A Clark
Wayne Properties LLC
Grant Deed
related
$1,400,000 · Union Bank & Trust
—
—
Joseph A Clark
—
Deed Of Trust
related
$1,100,000 · Washington Mutual Fsb
—
—
Wayne & Second Street Apartmen
—
Deed Of Trust
related
$350,000 · Burke & Herbert Bk&tr
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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