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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Garden apartment buildings
616 Piedmont St Arlington, VA 22203-2237
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0695326
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1962
Total area
10,296 SF
Lot
0.24 ac (10,296 SF)
Zoning code
RA8-18
APN
20-004-003
UPID
US87-0695326
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
-
Jamies Hartmann Consulting Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Hbb Companies LLC · 20 yrs held
Hbb Companies LLC
since 2005
6 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
$102 / 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
$18,640
Tax year 2024
Assessed value
$1,804,500
Assessed 2024
Previous assessed
$1,724,000
+4.7% YoY
Effective rate
1.03%
On assessed value
Assessed land
$821,600
Assessed improvement
$982,900
Land market value
$821,600
Improvement market value
$982,900
Total market value
$1,804,500
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1962
Heating
NONE
Units
11
Total area
10,296 SF
Lot
0.24 ac (10,296 SF)
Zoning code
RA8-18
APN
20-004-003
UPID
US87-0695326
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
1962
Heating
NONE
Units
11
Lot
0.24 ac
Current owner
From public records · entity-resolved
Hbb Companies LLC
Entity
Free & Clear · 20 yrs held
Mailing address
4201 WILSON BLVD, ARLINGTON, VA 22203-4417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2019
—
Hbb Companies LLC
—
Deed
related
$1,462,500 · Jp Morgan Chase Bk
Nov 7, 2005
$10
Hbb Companies LLC
Yavalar,hakan K
Grant Deed
related
—
Mar 30, 2005
$1,800,000
Hakan K Yavalar
616 North Piedmont LP LLP
Grant Deed
—
—
—
Hbb Companies LLC
—
Deed Of Trust
related
$1,462,500 · Jp Morgan Chase Bk
—
—
Hbb Companies LLC
—
Deed Of Trust
related
$1,300,000 · Cardinal Bank
—
—
Hakan K Yavalar
—
Deed Of Trust
related
$1,000,000 · United 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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