775 23rd S St Arlington, VA 22202-2419
- Office Properties & Spaces
- 5,260 SF
- 0.14 lot acres
Current Use by Public Records
- Crystal Parking / Parking Garage
- Esperanza Fe Y / Social Services Organization
- The Society for International Space Cooperation / Association Or Organization
- Alvarez Landscaping / Landscaper
Property Details for 775 23rd S St
- Year built
- 1968
- Lot size
- 0.14 lot acres
- Property size
- 5,260 SF
- Zone code
- C-1
- Property type
- Office Properties & Spaces
- APN
- 36-030-001
- APU
- 36030001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,270,000
- 6.5%
- $1,485,000
- 7%
- $1,290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,525,000
- Geo Method
- $1,330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,670,000
- Retail
- $1,575,000
- Mixed-Use
- $1,495,000
- Hospitality
- $1,705,000
- Educational
- $1,730,000
- Residential Income
- $1,465,000
- Energy
- $1,530,000
- Income-Based Land
- $1,355,000
- Food Service
- $1,250,000
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Arlington
- State
- Virginia
- Longitude
- -77.0593
- Latitude
- 38.8535
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
