Technical
Financial
Distress signals
Property profile

775 23rd S St Arlington, VA 22202

OFF-MARKET
Office Spaces
Property ID
US87-0887374
5,260 SF 0.14 ac lot Built 1968
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 3,944 square foot free-standing building, built in 1968, is available for lease in Arlington County's National Landing submarket, specifically the Crystal City cluster. Located just blocks from Arlington's historic restaurant row, this Class C property offers a prime location for a variety of uses. Its single-tenant occupancy makes it ideal for businesses seeking a dedicated space. The building's zoning is C-1, allowing for flexibility in tenant operations. Potential uses include offices, showrooms, daycare centers, coffee shops, preschools, medical spas, or similar businesses. Its proximity to Ronald Reagan Washington National Airport (DCA) provides excellent accessibility. This presents a unique opportunity to secure a well-situated property in a thriving area with diverse possibilities. The building's traditional office and executive office subtypes offer a versatile space adaptable to various business needs. The property's location within the National Landing submarket offers strong potential for growth and visibility. This is a rare chance to lease a free-standing building in a highly desirable location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1968
Total area 5,260 SF
Lot 0.14 ac (6,000 SF)
Zoning code C-1
APN 36-030-001
UPID US87-0887374

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
  • Parking Lot & Garage
  • Social Service Agency Charitable Organization
  • Association Or Organization
  • Landscaping General Contractor

Location

775 23rd S St Arlington, VA 22202-2419
Arlington metro Census 103601 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.31M
CAP Approach CAP
$1.59M
Comparable Approach Comparable
$1.64M
Blend (final) Blend
$1.33M

Owner & transaction history

since 2023
Last sale
$1.4M
7 recorded transactions
2023
Price N/A
2023
$1.4M
2016
Price N/A
2016
Price N/A
2006
$10
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Arlington, VA

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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