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    Ken Noroozi, Washington, DC

    License ID: 618429

    Service Locations

    Contact details

    Phone:
    (202) 347-3760
    Office Address:
    1010 Vermont Ave., NW, Suite 716, Washington, DC, 20005

    Performance

    Listings
    11

    Listings

    For Sale (3)

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    • Contact for pricing
      4,500 SF

      H Street Corridor Investment Opportunity

      Mixed-use property with residential and retail in vibrant H Street.
      1447 Maryland Ave NE, Washington, DC 20002
      View Details
    • $1,000,000

      Commercial Land Investment Opportunity

      0.17-acre commercial property with redevelopment potential in a growing area.
      2203 Channing St Ne, Washington, DC 20018
      View Details
    • $1,000,000

      Prime Land Opportunity

      Land investment in a rapidly developing area.
      2203 Channing St Ne, Washington, DC 20018
      View Details

    For Lease (8)

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    • $35 SF/Yr
      6,000 SF

      Retail Space in Temple Hills

      Retail and restaurant spaces available in Temple Hills, Maryland.
      4305-4331 Saint Barnabas Rd, Temple Hills, MD 20748
      View Details
    • Contact for pricing
      1,450 SF

      Prime Retail Space, High-Traffic Location

      Adaptable retail space in a revitalizing, high-visibility location.
      1500-1502 N Capitol St NW, Washington, DC 20003
      View Details
    • $50 SF/Yr
      1,280 SF

      Retail Space in Capitol Hill

      Retail space with high foot traffic in Capitol Hill.
      607 Pennsylvania Ave SE, Washington, DC 20003
      View Details
    • $35 SF/Yr
      1,862 SF

      Retail Space on H Street

      Retail space with high foot traffic near residential and commercial.
      705 H St NE, Washington, DC 20002
      View Details
    • $4,200 /Mo

      Convenience Store Sublease Available

      Sublease opportunity: Built-out convenience store with 8 years remaining.
      3617 12Th St Ne, Washington, DC 20017
      View Details
    • $15,746 /Mo

      Historic Brick Building, Modern Renovation

      Renovated historic brick building available for lease in 2025.
      1500 N Capitol St Nw, Washington, DC 20002
      View Details
    • $6,000 /Mo

      Commercial Land Lease Opportunity

      Commercial land available for lease with flexible terms.
      2203 Channing St Ne, Washington, DC 20018
      View Details
    • $5,000 /Mo

      Commercial Space Near Popular Nightclub

      Commercial space for lease, renovated with bar and restrooms.
      647 Florida Ave Nw, Washington, DC 20001
      View Details

    Leases and Sales on Map

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    Ken Noroozi, Washington, DC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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