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    3925 W St Washington, DC 20007

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 3925 W St

    Property type
    Apartment buildings

    Description

    This exceptional four-unit apartment building in Washington, DC's desirable Glover Park neighborhood presents a unique investment opportunity. Located at 3925 W St NW, zip code 20007, this property is offered at $1,695,000, representing a price per unit of $423,750. The existing structure comes complete with full permits and approved plans for a substantial renovation and expansion. The plans detail the creation of four large, luxurious condo units, each boasting significant living space. Lower-level units are designed for approximately 1050-1150 square feet, incorporating a den/office/flex space, while upper-level units will feature the same generous square footage and include private rooftop decks. All units will showcase gourmet kitchens with expansive islands. The total combined square footage of the renovated units will be 4,354 square feet. This project offers a compelling value proposition, with a projected sales price for the finished condos exceeding $3,400,000. The seller is open to exploring joint venture opportunities and creative deal structures to facilitate a smooth and mutually beneficial transaction. This is a truly shovel-ready project, poised for immediate development and significant return on investment. The property's prime location in Glover Park adds to its appeal, offering residents proximity to vibrant amenities and convenient access to the city.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0784
    Latitude
    38.9192

    Comparable in this City

    • Value Estimation
      $565,000
      15,186 SF

      2716 Wisconsin NW Ave

      APARTMENT HOUSE (5+ UNITS) • 15,186 SF
      2716 Wisconsin NW Ave, Washington, DC 20007-4648
      View Details
    • Value Estimation
      $1,010,000
      120,054 SF

      2700 Q NW St

      APARTMENT HOUSE (100+ UNITS) • 120,054 SF
      2700 Q NW St, Washington, DC 20007-5002
      View Details
    • Value Estimation
      $875,000
      21,888 SF

      2356 40th NW St

      APARTMENT HOUSE (5+ UNITS) • 21,888 SF
      2356 40th NW St, Washington, DC 20007-1760
      View Details
    • Value Estimation
      $1,010,000
      35,436 SF

      3822 Davis NW Pl

      APARTMENT HOUSE (5+ UNITS) • 35,436 SF
      3822 Davis NW Pl, Washington, DC 20007-1333
      View Details
    • Value Estimation
      $975,000
      40,832 SF

      4884 Macarthur NW Blvd

      APARTMENT HOUSE (5+ UNITS) • 40,832 SF
      4884 Macarthur NW Blvd, Washington, DC 20007-1537
      View Details
    • Value Estimation
      $510,000
      13,113 SF

      2215 42nd NW St, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 13,113 SF
      2215 42nd NW St, Washington, DC 20007-4092
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Glover Park Home For Rent

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    • Contact for pricing
      5,785 SF

      Prime Georgetown Retail Space

      5,785 SF Single-Tenant Retail in DC
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      4,307 SF

      Office Space in Washington Harbour

      Office space for lease in Washington, D.C. Available now.
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      View Details
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    3925 W St
    Washington, DC 20007
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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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