Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two-Acre Land Parcels For Sale Title is generated by Realmo AI

    212 Van Buren Street NW & 6500 Blair Road NW, Washington, DC 20012

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two parcels totaling two acres in Takoma neighborhood, Washington, D.C.

    Type:Land
    Lot size:
    2.00 Acres
    Added:
    Feb 25, 2025
    Days on Market:
    466
    Last Refresh:
    May 12 at 9:52 pm

    Property Features for 212 Van Buren Street NW & 6500 Blair Road NW

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Ryan Smith
    Ryan Smith

    Listing agent Ryan Smith License #DC SP98374805

    Listing office Feldman Ruel

    Listing date Feb 25, 2025

    Source Crexi

    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 Feldman Ruel

    HighLights

    • Two parcels totaling approximately two acres in the rapidly developing Takoma neighborhood of Washington, D.C.
    • PDR‑1 zoning allows for a wide range of retail, office, self‑storage, and light industrial uses.
    • Permits up to a 3.5 FAR, offering significant development potential.
    • Excellent opportunity for an owner/user to maintain or expand their business.
    • Potential for development into a self‑storage facility.
    • Potential for a mixed‑use/multifamily project via Map Amendment or Planned Unit Development (PUD).

    Overview

    Two parcels of land, located at 212 Van Buren Street NW & 6500 Blair Road NW in Washington, D.C.'s Takoma neighborhood, are available for sale. The combined area of these lots is approximately two acres. Zoned PDR-1, the properties allow for a variety of uses including retail, office, self-storage, and light industrial. The zoning permits a Floor Area Ratio (FAR) of up to 3.5. The property presents an opportunity for an owner/user to maintain or expand their business. Given the by-right uses and underutilized FAR, the property could be developed into a self-storage facility or a mixed-use/multifamily project via a Map Amendment or Planned Unit Development (PUD).
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.007763
    Latitude
    38.956085

    Nearby Similar for Sale

    • $1,475,000
      3,750 SF

      Mixed-Use Building with Retail

      Two-story mixed-use building with prime corridor frontage and ground-floor retail plus a vacant, built-out dental office upstairs.
      4839 Wisconsin NW Ave, Washington, DC 20016
      View Details
    • $1,950,000
      3,000 SF

      Turnkey Mixed-Use Redevelopment Opportunity

      Freestanding commercial building with thriving business in growing DC corridor.
      1201 MOUNT OLIVET Road NE, WASHINGTON, DC 20002
      View Details
    • $1,100,000
      2,696 SF

      Turnkey Restaurant/Bar Opportunity on Georgia Avenue

      Fully built-out restaurant/bar on Georgia Avenue in Northwest DC.
      5217 GEORGIA Avenue NW, WASHINGTON, DC 20011
      View Details
    • $2,300,000
      1,761 SF

      Prime Retail Opportunity in Washington

      Commercial property in active retail corridor, ideal for owner-user.
      1434 WISCONSIN Avenue NW, WASHINGTON, DC 20007
      View Details
    • $3,200,000
      6,000 SF

      Four-Story Retail Building with Rooftop

      Four-story retail building with a rooftop bar in Washington, DC.
      1336 U Street NW, WASHINGTON, DC 20009
      View Details
    • $847,900
      5,854 SF

      Value-Add Multifamily Building Opportunity

      Nearly vacant 6-unit property with a flexible unit mix and RA-1 zoning for potential repositioning in Southeast Washington, DC.
      356 RALEIGH Street SE, WASHINGTON, DC 20032
      View Details
    • $1,200,000

      Office Condominium with Parking

      Professional office unit with private parking, multiple offices and conference rooms, and immediate occupancy in DC.
      3232 GEORGIA Avenue NW, WASHINGTON, DC 20010
      View Details
    • $1,175,000
      3,376 SF

      Renovated Multifamily Building in Washington, DC

      Fully renovated four-unit building with immediate income potential.
      1250 QUEEN Street NE, WASHINGTON, DC 20002
      View Details
    • $1,199,000
      3,497 SF

      Multifamily Property with Independent Entrances

      Legally configured two-unit building offering three distinct living spaces with independent entrances and rooftop solar included.
      760 LAMONT Street NW, WASHINGTON, DC 20010
      View Details
    • $1,797,000
      3,648 SF

      Turnkey Updated Fourplex with 1-Bed Units

      Fully updated 4-unit building with renovated interiors on a corner lot, suited for long-term residential income or owner-occupancy.
      2241 40TH Place NW, WASHINGTON, DC 20007
      View Details
    • $1,550,000
      2,800 SF

      Prime Commercial Space in Washington

      Three-level commercial property in a dynamic, growing neighborhood.
      3322 - 3324 GEORGIA Avenue NW, WASHINGTON, DC 20010
      View Details
    • $890,000
      3,360 SF

      Stabilized Multifamily Asset, Strong Income

      Fully occupied four-unit building with program-backed income.
      1313 ADAMS Street NE, WASHINGTON, DC 20018
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two parcels totaling two acres in Takoma neighborhood, Washington, D.C.
    Where is this commercial land located?
    The property is located at 212 Van Buren Street NW & 6500 Blair Road NW Washington, DC.
    What are key features of this property?
    This property features: Two parcels totaling approximately two acres in the rapidly developing Takoma neighborhood of Washington, D.C.; PDR‑1 zoning allows for a wide range of retail, office, self‑storage, and light industrial uses.; Permits up to a **3.5 FAR, offering significant development potential.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Smith
    Ryan Smith
    Real Estate License ID: DC SP98374805
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    212 Van Buren Street NW & 6500 Blair Road NW, Washington, DC 20012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!