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Property profile & analytics
FOR LEASE
High-rise multifamily apartments
4420 Fairfax Dr Arlington, VA 22203
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-3963583
For Lease
1 / 2
Contact for pricing
4420 Fairfax Dr, Arlington, VA 22203
View Listing →
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1963
Total area
9,200 SF
Lot
0.49 ac (21,348 SF)
Zoning code
C-O-A
APN
14-051-019
UPID
US87-3963583
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
-
Fonteva (Bike/Boat/Book/etc) Store Corporate Office
-
Arlington Community High School High School
-
HUNGRY Catering, Live and Virtual Events Catering Service Take-out & Catering
-
4420 Fairfax Dr Parking Parking Lot & Garage
-
EagleBank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.68M
Owner & transaction history
Aria Ballston LLC · 3 yrs held
Aria Ballston LLC
since 2023
Last sale
$11.2M
7 recorded transactions
Zoning & alternative use
C-O-A · 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
$11,465,000
ML approach
$8,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.68M
Range $9.61M – $11.75M · ±10% · vs last sale $11.15M (May 23 2023)
Last sale anchor
$11.15M
May 23 2023
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
$1,161 / 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
$226,923
Tax year 2024
Assessed value
$20,981,000
Assessed 2024
Previous assessed
$20,981,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$20,980,000
Assessed improvement
$1,000
Land market value
$20,980,000
Improvement market value
$1,000
Total market value
$20,981,000
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
For Lease
Year built
1963
Heating
NONE
Stories
5
Units
237
Total area
9,200 SF
Lot
0.49 ac (21,348 SF)
Zoning code
C-O-A
APN
14-051-019
UPID
US87-3963583
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-O-A · Arlington, VAZoning C-O-A · permitted uses
C-O-A · 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
1963
Heating
NONE
Stories
5
Units
237
Lot
0.49 ac
Current owner
From public records · entity-resolved
Aria Ballston LLC
Entity
Mailing address
51 E 12TH ST FL, NEW YORK, NY 10003-4682
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$11,150,000
Aria Ballston LLC
4420 North Fairfax LLC
Special Warranty Deed
—
Jul 1, 2015
$21,775,000
4420 North Fairfax LLC
Jbg Of Fairfax Drive LLC
Grant Deed
$15,678,000 · Branch Bk&tr
Jul 28, 2010
—
Jbg Of Rosslyn Commons LLC
—
Deed Of Trust
related
$23,000,000 · Wells Fargo Bank
Oct 27, 2005
$10
Jbg Of Fairfax Drive LLC
Arlington Gateway Investors LLC
Quit Claim Deed
related
—
Aug 12, 2005
—
Jbg Of Fairfax Drive LLC
—
Deed Of Trust
related
$6,750,000 · Wells Fargo Bank
Apr 28, 2005
$10,250,000
Jbg Of Fairfax Drive LLC
Mat-afc LLC
Grant Deed
—
Aug 4, 2004
$5,948,614
Mat-afc LLC
Butera Properties III LLC
Grant Deed
—
—
—
Jbg Of Fairfax Drive LLC
—
Loan Modification
related
$11,000,000 · Wells Fargo Bank
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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