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Property profile & analytics
OFF-MARKET
Estimated value
$145,845,000
Office buildings
675 Randolph St Arlington, VA 22203-2114
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0412414
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2010
Total area
355,530 SF
Lot
1.95 ac (84,884 SF)
Zoning code
C-O-2.5
APN
14-060-077
UPID
US87-0412414
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
-
Advanced RSRCTCHNL Medical Clinic
-
Defense Advanced Research Projects Agency Research Institute
-
Strategic Capabilities Office Research Foundation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$145.85M
Owner & transaction history
Arlington Va I Fgf LLC · 4 yrs held
Arlington Va I Fgf LLC
since 2021
Last sale
$196.5M
5 recorded transactions
Zoning & alternative use
C-O-2.5 · Arlington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$208.9M
+13.0%
Commercial (general)
$191.7M
+3.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$184,945,000
Current use
RETAIL STORES
$208,930,000
Change: +13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$191,680,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$145.85M
Range $131.26M – $160.43M · ±10% · vs last sale $196.53M (Sep 17 2021)
Last sale anchor
$196.53M
Sep 17 2021
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
$410 / 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
$2,228,586
Tax year 2024
Assessed value
$185,252,400
Assessed 2024
Previous assessed
$198,152,500
-6.5% YoY
Effective rate
1.20%
On assessed value
Assessed land
$23,109,500
Assessed improvement
$162,142,900
Land market value
$23,109,500
Improvement market value
$162,142,900
Total market value
$185,252,400
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2010
Heating
NONE
Stories
2
Total area
355,530 SF
Lot
1.95 ac (84,884 SF)
Zoning code
C-O-2.5
APN
14-060-077
UPID
US87-0412414
Jurisdiction
ARLINGTON
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-O-2.5 · Arlington, VAZoning C-O-2.5 · permitted uses
C-O-2.5 · 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
OFFICE BUILDING Current
Est. value
$184.9M
RETAIL STORES
Est. value
$208.9M
COMMERCIAL (GENERAL)
Est. value
$191.7M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2010
Heating
NONE
Stories
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
Arlington Va I Fgf LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 N WACKER DR, CHICAGO, IL 60606-2807
Ownership since
2021
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
Sep 17, 2021
$196,534,947
Arlington Va I Fgf LLC
Ashton Park Associates I LLC
Special Warranty Deed
—
Jun 26, 2014
—
Ashton Park Associates I LLC
—
Loan Modification
related
$100,000,000 · Prudential Insurance Co Americ
Feb 13, 2012
—
Ashton Park Associates I LLC
—
Deed Of Trust
related
$100,000,000 · Prudential Insurance Co
Nov 13, 2009
$12,764,167
Ashton Park Associates I LLC
Washington Metropolitan Area T
Grant Deed
—
Nov 13, 2009
—
Ashton Park Assocs I LLC
Owner Name Unavailable
Grant Deed
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.
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