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    Property profile & analytics

    3901 Martin Luther King Jr SW Ave Washington, DC 20032-1406

    • Commercial real estate
    • 3,126 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0063202
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3901 Martin Luther King Jr SW Ave

    Year built
    1937
    Construction
    BRICK
    Lot size
    0.07 lot acres
    Property size
    3,126 SF
    Zone code
    R-2
    Property type
    Commercial real estate
    APN
    6149 0802
    APU
    61490802

    Description

    This exceptional mixed-use property, located at 3901 Martin Luther King Jr. Ave SW in Washington, DC, presents a compelling investment opportunity for both owner-users and investors. The three-story building, constructed in 1937 and renovated in 2017, offers a total of 3,126 square feet of net rentable space. The property features separate entrances for commercial and residential units, providing flexibility and potential for diverse uses. Situated on a 2,850 square foot lot, the building is zoned R-2. Its prime location along a major commercial corridor offers convenient access to public transit and interstate highways. The property is currently 100% vacant, allowing for complete customization to suit the buyer's needs. Furthermore, its location within a Historically Underutilized Business (HUB) Zone presents additional advantages. The asking price for this unique property is $900,000. The property's APN is 6149-0000-0802. The potential for outdoor space adds to the overall appeal of this well-positioned investment. This property is ideally suited for those seeking a full or partial user opportunity in a rapidly developing area. The building's configuration and location make it an attractive prospect for a variety of uses and future development potential.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0087
    Latitude
    38.8336
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,781
    $171,880
    $489,400
    $661,280
    -
    $171,880
    $489,400
    $661,280

    Comparable in this City

    • Value Estimation
      $515,000
      2,102 SF

      3130 Martin Luther King Jr SE Ave

      COMMERCIAL (GENERAL) • 2,102 SF
      3130 Martin Luther King Jr SE Ave, Washington, DC 20032-1503
      View Details
    • Value Estimation
      $740,000
      2,368 SF

      603 Raleigh SE Pl

      COMMERCIAL (GENERAL) • 2,368 SF
      603 Raleigh SE Pl, Washington, DC 20032-4221
      View Details
    • Value Estimation
      $555,000
      2,178 SF

      4300 Wheeler SE Rd

      COMMERCIAL (GENERAL) • 2,178 SF
      4300 Wheeler SE Rd, Washington, DC 20032-6036
      View Details
    • Value Estimation
      $345,000
      1,785 SF

      3215 Martin Luther King Jr SE Ave

      COMMERCIAL (GENERAL) • 1,785 SF
      3215 Martin Luther King Jr SE Ave, Washington, DC 20032-1539
      View Details
    • Value Estimation by Request
      8,995 SF

      2737 Martin Luther King Jr SE Ave

      COMMERCIAL (GENERAL) • 8,995 SF
      2737 Martin Luther King Jr SE Ave, Washington, DC 20032-2608
      View Details
    • Value Estimation
      $360,000
      1,831 SF

      3939 Capitol St Swc-1

      COMMERCIAL CONDOMINUIM • 1,831 SF
      3939 Capitol St Swc-1, Washington, DC 20032-2308
      View Details

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    Washington, DC 20032-1406
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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.

    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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