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Property profile & analytics
FOR SALE
Investment properties
4800 31St St S Arlington, VA 22206
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-0812781
For Sale
1 / 53
$2,400,000
4800 31St St S, Arlington, VA 22206
View Listing →
Property summary
AI-generated overview
This exceptional South Arlington office building presents a unique investment opportunity. Situated on a sizable 0.9-acre lot at 4800 31st Street S, this 5,016 square foot, two-story brick structure offers significant potential. The property boasts 22 dedicated parking spaces, a significant advantage in this area. Currently configured as a religious facility, the adaptable interior features a flexible open floor plan ideal for a variety of uses. The main level is well-suited for a reception area and private offices, while the lower level provides ample space for additional offices, storage, and conference rooms. A modern kitchenette and updated restrooms are included. The building offers convenient dual access points: a main entrance and a separate rear entrance on the lower level with its own parking area, providing excellent functionality and accessibility. The property's location is highly desirable, adjacent to Shirlington and with convenient access to I-395 and King Street. The surrounding area is a mix of residential and commercial properties, offering a diverse and vibrant environment. The building is being offered "As Is" and may require some refurbishment to meet specific needs. This presents a chance to acquire a substantial property in a thriving location at an attractive price of $2,800,000.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1943
Total area
5,016 SF
Lot
0.9 ac (39,408 SF)
Zoning code
C-1
APN
29-015-018
UPID
US87-0812781
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
-
Long & Foster Alexandria / Arlington, VA Real Estate Agency
-
Debere Menkirat kidus Amanuel We Rufeal Ethiopian Orthodox Tewahdo Church(ደብረ መንክራት አማኑኤል ወሩፋኤል የኢትዮጵያ ኦርቶዶክስ ተዋህዶ ቤተክርስቲያን) Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.26M
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Debre Menkirat Kidus Amanuel · 5 yrs held
Debre Menkirat Kidus Amanuel
since 2020
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
C-1 · Arlington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+9.0%
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
$1,785,000
ML approach
$2,255,000
CAP Approach
CAP Return
Estimation
6%
$1,640,000
6.5%
$1,515,000
7%
$1,405,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,705,000
Current use
RETAIL STORES
$2,950,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$2,610,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10% · vs last sale $1.78M (Nov 13 2020)
Last sale anchor
$1.78M
Nov 13 2020
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
$363 / 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
$2,009
Tax year 2024
Assessed value
$1,607,500
Assessed 2024
Previous assessed
$1,607,500
+0.0% YoY
Effective rate
0.12%
On assessed value
Assessed land
$1,606,500
Assessed improvement
$1,000
Land market value
$1,606,500
Improvement market value
$1,000
Total market value
$1,607,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1943
Heating
NONE
Total area
5,016 SF
Lot
0.9 ac (39,408 SF)
Zoning code
C-1
APN
29-015-018
UPID
US87-0812781
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Arlington, VAZoning C-1 · permitted uses
C-1 · Arlington, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
RETAIL STORES
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1943
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
Debre Menkirat Kidus Amanuel
Individual
Mailing address
5622 COLUMBIA PIKE STE #202, FALLS CHURCH, VA 22041-2718
Ownership since
2020
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
Nov 13, 2020
$1,775,000
Debre Menkirat Kidus Amanuel
Z&m LLC
Special Warranty Deed
$1,330,000 · Mainstreet Bank
Sep 7, 2016
—
Z & M LLC
—
Deed
related
$1,090,778 · Mainstreet Bk
Jul 25, 2012
$1,250,000
Z & M LLC
Foster P Wesley JR
Grant Deed
$875,000 · Mainstreet Bk
—
—
Z & M LLC
—
Loan Modification
related
$1,090,778 · Mainstreet Bk
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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