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    1827 Wiltberger St Washington, DC 20001

    Sponsored
    For Sale
    $9,800,000

    Prime DC location, vacant, high-end finishes.

    Property size:
    33,897 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two vacant, Class A commercial condominium units totaling 33,897 square feet, located at 1827 Wiltberger Street NW, Washington, DC 20001. Units 2 & 3 occupy the entire second and third floors of a newly constructed (2021) building, offering a rare chance to acquire a substantial footprint in a vibrant neighborhood. The property features a warm lit shell condition, allowing for complete customization to suit a variety of uses. Zoned Arts-2, the space is ideally suited for creative office, hotel, or storefront applications. The asking price is $9,800,000, translating to $289.11 per square foot. This represents a significant value proposition, priced below comparable properties in the market. The building is a stunning adaptive reuse of a historic structure, boasting nine private garages and nine luxury residential units on upper floors. Its prime location, just two blocks from the Shaw-Howard University Metro Station, ensures excellent accessibility and high visibility. This is a unique chance to acquire a substantial, versatile commercial space in a rapidly developing area of Washington, D.C. The property is currently vacant, providing immediate occupancy for the new owner. The two-story building offers ample space and potential for a variety of uses.

    Property Features for 1827 Wiltberger St

    General Information

    Property type
    Individual retail properties
    Square Feet
    33,897 SF
    Class
    A

    Building Details

    Year Built
    2021
    Stories
    2

    HighLights

    • Adaptive reuse of a historic structure; completed in 2021.
    • Two vacant, Class A condo units (Units 2 & 3) totaling 33,897 square feet on the second and third floors; delivered in warm shell condition.
    • Suitable for lodging, given Arts‑2 zoning and ample space.
    • Arts‑2 zoning allows for creative office, hotel, or retail uses.
    • Priced at $9,800,000 ($289.11/SF), below market comparables.
    • Excellent location, two blocks from the Shaw‑Howard University Metro station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.0207323
    Latitude
    38.9149087

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    FAQs

    What type of property is this?
    Individual retail property - Prime DC location, vacant, high-end finishes.
    Where is this individual retail property located?
    The property is located at 1827 Wiltberger St Washington, DC.
    What is the asking price?
    The asking price for this property is $9,800,000.
    What are key features of this property?
    This property features: Adaptive reuse of a historic structure; completed in 2021.; Two vacant, Class A condo units (Units 2 & 3) totaling 33,897 square feet on the second and third floors; delivered in warm shell condition.; Suitable for lodging, given Arts-2 zoning and ample space.
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    Realmo Value Estimation

    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.

    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.

    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
    1827 Wiltberger St Washington, DC 20001
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