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    7175 12TH ST NW #314 Washington, DC 20011

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    For Sale
    $549,900

    Luxury 2BR/2BA residence with high-end features and convenient access.

    Type:Condominium
    Property size:
    976 SF
    Added:
    Sep 7, 2025
    Days on Market:
    207
    Last Refresh:
    Sep 18 at 3:23 am

    Property Features for 7175 12TH ST NW #314

    General Information

    Standard status
    Active
    Size
    976 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Leslie Fitzpatrick

    Listing agent Leslie Fitzpatrick

    Listing office Keller Williams Capital Properties - Bethesda/ Chevy Chase

    Listing date Sep 7, 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 Capital Properties - Bethesda/ Chevy Chase

    Overview

    Move-In Ready Residence at Kite House

    Located in The Park @ Walter Reed on the corner of 12th & Elder, Kite House offers move-in ready residences with multiple floorplans available. This concrete construction residence features 2 bedrooms and 2 bathrooms, designed for luxury and comfort, and welcomes dogs. High 9-foot ceilings create an airy atmosphere, complemented by a moveable kitchen island, Bosch stainless steel appliances, and contemporary finishes in a warm palette. Residents enjoy quick access to Kite House amenities and the convenience of garage parking available for purchase. Situated in The Parks Marketplace, Kite House provides a green environment with direct access to shopping, dining, and entertainment options, including Whole Foods Market, Starbucks, Jinya, The Charmery, Nail Saloon, Chase, and District Dogs. The property is located six blocks from Takoma Park Metro, with multiple bus lines nearby and a short distance to Rock Creek Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AMERICAN UNIVERSITY College nailsaloon (The Parks at Walter ... Nail Salon The Charmery Walter Reed Grocery & Convenience Store Kite House at The Parks Condominium Complex

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0275
    Latitude
    38.9788

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    FAQs

    What type of property is this?
    Apartment building - Luxury 2BR/2BA residence with high-end features and convenient access.
    Where is this apartment building located?
    The property is located at 7175 12TH ST NW #314 Washington, DC.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Prime location in The Parks @ Walter Reed with direct access to The Parks Marketplace, including Whole Foods, Starbucks, and other retail.; Modern 2 BR / 2 BA concrete construction residence with high‑end finishes, Bosch stainless steel appliances, and a moveable kitchen island.; Pet‑friendly (dogs welcome) with convenient access to District Dogs.
    (202) 296-1203
    We can help!
    Listing Contact
    Leslie Fitzpatrick
    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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