Property profile

4800 31St St S Arlington, VA 22206

FOR SALE
Investment properties
Property ID
US87-0812781
5,016 SF 0.9 ac lot Built 1943
Individually Owned 5-yr Hold ~ Est. High Equity
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4800 31St St S, Arlington, VA 22206 For Sale
$2,400,000 5,016 SF
4800 31St St S, Arlington, VA 22206
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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

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Church

Location

4800 31St St S Arlington, VA 22206
Arlington metro Census 102901 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.26M
CAP Approach CAP
$1.52M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.78M

Owner & transaction history

since 2020
Last sale
$1.8M
4 recorded transactions
2020
$1.8M
2016
Price N/A
2012
$1.3M
1969
Price N/A

Zoning & alternative use

C-1 · Arlington, VA
Top alternative use upside
Retail stores $3.0M +9.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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