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    Modern Glass Office Building Title is generated by Realmo AI

    1015 18th Street NW, Washington, DC 20036

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    New
    For Lease
    $49 SF/Yr $136,331/Mo (calc)

    A 12-story office building with efficient floor plates, a renovated lobby, and rooftop amenities designed for tenant-ready operations.

    Type:Office
    Property size:
    33,050 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:36 am

    Property Features for 1015 18th Street NW

    General Information

    Standard status
    Active
    Size
    33,050 SF
    Property subtype
    Office

    Spaces For Lease

    at 1015 18th Street NW Contact us

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    Listing Contact
    Merrill Turnbull
    Merrill Turnbull

    Listing agent Merrill Turnbull

    Listing office Lincoln Property Company | Washington DC

    Listing date Jun 2, 2026

    Source Lpc

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lincoln Property Company | Washington DC

    HighLights

    • 12‑story, 109,650 SF office building with efficient 10,000 SF floor plates
    • Renovated two‑story lobby with expansive two‑story entry and updated elevator cab finishes
    • Floor‑to‑ceiling glass facade and windows
    • Rooftop terrace with a 1,065 SF terrace plus city views, including a 1,065 SF terrace conference room and tenant lounge
    • Tenant amenities include a flexible conference suite with full‑service catering kitchen, plus a fitness center with private showers and lockers
    • Above‑market parking ratio of 1 per 1,000 SF

    Overview

    This 12-story, 109,650 SF office building offers efficient 10,000 SF floor plates and a modern, floor-to-ceiling glass façade. A renovated two-story lobby sets an elevated tone for daily arrivals, and updated elevator cab finishes include satin stainless-steel back-painted glass and tile flooring. On-site amenities include a flexible conference suite, a tenant lounge with a full-service catering kitchen, and a fitness center with private showers and lockers.

    The building also features a rooftop terrace with city views, along with a 1,065 SF terrace conference room that can support meetings, events, or client presentations, complemented by additional lounge space on the roof. Parking is available at an above-market ratio of 1 per 1,000 SF.

    With its large, convertible conference capability and tenant-focused common areas, this property is well-suited for office tenants looking for turnkey usability and modern workday amenities. The efficient floor-plate configuration supports straightforward space planning for teams that value control over their layout while still benefiting from strong shared finishes and upgraded building experience.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -76.9778615
    Latitude
    38.9029839

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    FAQs

    What type of property is this?
    Office building - A 12-story office building with efficient floor plates, a renovated lobby, and rooftop amenities designed for tenant-ready operations.
    Where is this office building located?
    The property is located at 1015 18th Street NW Washington, DC.
    What is the lease rate?
    The lease rate is $49 SF/Yr.
    What are key features of this property?
    This property features: 12‑story, 109,650 SF office building with efficient 10,000 SF floor plates; Renovated two‑story lobby with expansive two‑story entry and updated elevator cab finishes; Floor‑to‑ceiling glass facade and windows
    (202) 513-6700
    We can help!
    Listing Contact
    Merrill Turnbull
    Merrill Turnbull
    Learn More
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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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