Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$48,500,000
High-rise multifamily apartments
400 15th S St Arlington, VA 22202-2800
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-1015364
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1986
Total area
189,365 SF
Lot
0.94 ac (40,786 SF)
Zoning code
RA-H-3.2
APN
35-009-008
UPID
US87-1015364
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
-
Home Apartment Building
-
Gateway Place Apartment Building
-
Marlowe Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$48.50M
CAP Approach
CAP
$43.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$48.50M
Owner & transaction history
400 15th Street LLC · 2 yrs held
400 15th Street LLC
since 2024
Last sale
$48.5M
5 recorded transactions
Zoning & alternative use
RA-H-3.2 · 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
$48,500,000
ML approach
$48,500,000
CAP Approach
CAP Return
Estimation
6%
$47,495,000
6.5%
$43,840,000
7%
$40,710,000
Blend value · Realmo final
$48.50M
Range $43.65M – $53.35M · ±10% · vs last sale $48.50M (May 7 2024)
Last sale anchor
$48.50M
May 7 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
$256 / 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
$527,004
Tax year 2024
Assessed value
$48,978,100
Assessed 2024
Previous assessed
$56,801,600
-13.8% YoY
Effective rate
1.08%
On assessed value
Assessed land
$13,932,000
Assessed improvement
$35,046,100
Land market value
$13,932,000
Improvement market value
$35,046,100
Total market value
$48,978,100
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
1986
Heating
NONE
Stories
7
Units
162
Total area
189,365 SF
Lot
0.94 ac (40,786 SF)
Zoning code
RA-H-3.2
APN
35-009-008
UPID
US87-1015364
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA-H-3.2 · Arlington, VAZoning RA-H-3.2 · permitted uses
RA-H-3.2 · 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
1986
Heating
NONE
Stories
7
Units
162
Lot
0.94 ac
Current owner
From public records · entity-resolved
400 15th Street LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1300 19TH ST NW STE #725, WASHINGTON, DC 20036-1654
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2024
$48,500,000
400 15th Street LLC
Archstone Gateway Place LLC
Deed
—
Oct 19, 2007
—
Tishman Speyer Archstone-smith
Smith Prop Holdings Three
Quit Claim Deed
related
$41,920,000 · Lehman Brothers Bank Fsb
Aug 27, 1986
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Archstone Gateway Place LLC
—
Deed Of Trust
related
—
—
—
Archstone Gateway Place LLC
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 400 15th S St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
