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    1300 13TH ST NW #108 Washington, DC 20005

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    For Sale
    $699,990

    Two-bedroom condo in Logan Circle with private patio.

    Type:Condominium
    Property size:
    1,117 SF
    Price / SF:
    $626/SF
    Added:
    Aug 29, 2025
    Days on Market:
    240
    Last Refresh:
    Sep 18 at 3:28 am

    Property Features for 1300 13TH ST NW #108

    General Information

    Standard status
    Active
    Size
    1,117 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Sheena Saydam

    Listing agent Sheena Saydam License #638126

    Listing office Keller Williams Capitol Properties

    Listing date Aug 29, 2025

    Source Kw

    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 Keller Williams Capitol Properties

    Overview

    Logan Circle Ground-Floor Condo

    This ground-floor unit in Solo Piazza, situated in Logan Circle, features two bedrooms and two bathrooms. The residence offers over 1,100 sq ft of living space with luxury vinyl plank flooring and floor-to-ceiling windows. The kitchen includes white cabinetry, granite worktops, stainless steel appliances, and a breakfast bar. The family room features a stone-surround gas fireplace and a slider door that opens to a private patio with planters. A dedicated dining area is available. Both bedrooms have custom Elfa wardrobe fittings and en-suite bathrooms. Additional features include a new water heater (2024), HVAC (2021), and a newer in-unit washer and dryer (2020–2021). Storage is available, and street parking is accessible, with rental spaces nearby. Solo Piazza provides concierge service with secure parcel handling, a bamboo courtyard, and a rooftop terrace with patio seating. The property is located blocks from the Mt Vernon/Convention Center Metro and near Logan Circle, 14th Street, Whole Foods, cafés, shops, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.03
    Latitude
    38.9075

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    FAQs

    What type of property is this?
    Apartment building - Two-bedroom condo in Logan Circle with private patio.
    Where is this apartment building located?
    The property is located at 1300 13TH ST NW #108 Washington, DC.
    What is the asking price?
    The asking price for this property is $699,990.
    What are key features of this property?
    This property features: Prime Logan Circle location, steps from Metro, shops, restaurants, and Whole Foods.; Ground‑floor unit with a private patio and over 1,100 sq ft of living space.; Two bedroom suites, each with custom Elfa wardrobe fittings and en‑suite bathrooms.
    (202) 243-7700
    We can help!
    Listing Contact
    Sheena Saydam
    Real Estate License ID: 638126
    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.

    More about this property
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