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    Premier Renovated Office Building Title is generated by Realmo AI

    1666 Connecticut Ave NW, Washington, DC 20009

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    Renovated, boutique office with new spec suites, conference facility, and ample below-grade parking for efficient city operations.

    Type:Office
    Property size:
    20,499 SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:46 am

    Property Features for 1666 Connecticut Ave NW

    General Information

    Standard status
    Active
    Size
    20,499 SF
    Property subtype
    Office

    Spaces For Lease

    at 1666 Connecticut Ave 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

    • Boutique office with newly renovated space and new spec suites delivering August 2026
    • Spec suites range from 1,700–3,700 RSF, offering flexible office sizes
    • New conference facility plus tenant lounge coming soon
    • On‑site Sette Osteria and additional new retail coming soon
    • Three levels of below‑grade parking with a 1/1,500 SF parking ratio

    Overview

    This premier office building at 1666 Connecticut Ave, NW is delivering newly renovated spec suites scheduled for August 2026. The boutique floor plate is designed with strong setbacks and a window line that reaches in all directions, supporting bright, functional work environments. In addition to the refreshed office improvements, a new on-site conference facility and tenant lounge are coming soon, adding flexible space for collaboration and meetings. The building also offers three levels of below-grade parking, with a stated parking ratio of 1 per 1,500 RSF.

    The property is positioned with an iconic presence on the Connecticut Avenue corridor, just two blocks from the Dupont Metro Station. On-site dining includes Sette Osteria, and additional new retail is planned to come soon, which can be a convenient amenity for employees and visitors in the area.

    With its renovated finishes, boutique layout, and planned amenity upgrades, the building is well suited to tenants seeking a higher-quality, centrally located office environment near transit. Organizations that value a conference-focused setup and on-site food and retail options may find this configuration particularly compelling as spec suites come online in 2026.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0454424
    Latitude
    38.9123196

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    FAQs

    What type of property is this?
    Office building - Renovated, boutique office with new spec suites, conference facility, and ample below-grade parking for efficient city operations.
    Where is this office building located?
    The property is located at 1666 Connecticut Ave NW Washington, DC.
    What are key features of this property?
    This property features: Boutique office with newly renovated space and new spec suites delivering August 2026; Spec suites range from 1,700–3,700 RSF, offering flexible office sizes; New conference facility plus tenant lounge coming soon
    (301) 509-7722
    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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