Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1229 New York Ave Nw Washington, DC

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-story office building in downtown Washington, D.C. for rent.

    Type:OFFICE
    Property size:
    895 SF
    Lot size:
    0.56 Acres
    Added:
    Jun 13, 2024
    Days on Market:
    658
    Last Refresh:
    Mar 29 at 9:52 pm

    Property Features for 1229 New York Ave Nw

    General Information

    Standard status
    Active
    Size
    895 SF
    Lot size
    0.56 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1229 New York Ave Nw Contact us

    We can help!

    Listing Contact
    Dallon L. Cheney

    Listing agent Dallon L. Cheney

    Listing office KLNB - Tysons

    Listing date Jun 13, 2024

    Source Moodyscre

    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 KLNB - Tysons

    Overview

    Downtown DC Office Space Available

    This two-story building, currently occupied by the Downtown DC BID, is available for rent. The property is zoned D-6, Downtown (Mixed-Use). It is located three blocks from The White House. The property has a size of 895 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0292
    Latitude
    38.9006

    Nearby Similar for Lease

    • Contact for pricing

      U Street Corridor Office Space

      Finished office space in prime U Street Corridor location.
      635 FLORIDA Avenue NW unit: 2, WASHINGTON, DC 20001
      View Details
    • Contact for pricing

      U Street Corridor Office Space

      Finished office space in prime U Street Corridor location.
      635 FLORIDA Avenue NW unit: 2, WASHINGTON, DC 20001
      View Details
    • Contact for pricing

      Commercial Unit in Capitol Hill

      Upstairs commercial unit with existing plumbing in Capitol Hill.
      521 H Street NE unit: B, WASHINGTON, DC 20002
      View Details
    • Contact for pricing

      H Street Retail & Storage

      Retail space with storage in Capitol Hill/Near Northeast corridor.
      521 H Street NE unit: A, WASHINGTON, DC 20002
      View Details
    • Contact for pricing

      Retail Space on 14th Street

      Street-level retail space with high visibility in established corridor.
      4614 14TH Street NW, WASHINGTON, DC 20011
      View Details
    • Contact for pricing

      Creative Space in Washington, DC

      Office or artist space with utilities included and 24-hour access.
      52 O Street NW unit: L11, WASHINGTON, DC 20001
      View Details
    • Contact for pricing

      Prime Retail Space Near Metro

      Two-level retail space near national retailers and metro.
      405 RHODE ISLAND Avenue NE, WASHINGTON, DC 20002
      View Details
    • Contact for pricing

      Retail Space in Bustling Neighborhood

      Second floor retail space in a high-demographic Washington, DC area.
      1102 H Street NE, WASHINGTON, DC 20002
      View Details
    • Contact for pricing

      Office Suite in Washington, DC

      Well-appointed office suite with ample space and convenient location.
      2811 PENNSYLVANIA Avenue SE unit: 203, WASHINGTON, DC 20020
      View Details
    • Contact for pricing

      Storefront in Historic Anacostia

      Highly visible retail space with outdoor area in Washington, DC.
      1111 MARION BARRY Avenue SE unit: Lower Level, WASHINGTON, DC 20020
      View Details
    • Contact for pricing

      Retail/Office Space in Washington, DC

      Street-level retail/office space with exposed brick and multiple entrances.
      1425 H Street NE, WASHINGTON, DC 20002
      View Details
    • $32/mo

      Columbia Heights Office Space Available

      Mission-aligned office space in vibrant Columbia Heights, Washington, DC.
      1419 COLUMBIA Road NW, WASHINGTON, DC 20009
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building in downtown Washington, D.C. for rent.
    Where is this office building located?
    The property is located at 1229 New York Ave Nw Washington, DC.
    What are key features of this property?
    This property features: Prime Downtown Location: Just three blocks from The White House.; Zoning: D‑6; Downtown (Mixed‑Use) offering versatile development potential.; Two‑Story Building: Provides ample space and potential for various uses.
    (703) 268-2727
    We can help!
    Listing Contact
    Dallon L. Cheney
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!