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    920 W St Washington, DC 20001

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    920 W St Washington, DC 20001

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    • Apartment buildings
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    Cap Rate Potential
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    • Apartment buildings

    Property Details for 920 W St

    Property type
    Apartment buildings

    Description

    This exceptional apartment building at 920 W Street NW, Washington, DC 20001, presents a compelling investment opportunity in the vibrant Shaw/U Street corridor. Located at 38.9190214, -77.0255462, this multifamily property is offered at an asking price of $2,800,000. Its prime location offers significant potential for future development, with the possibility of conversion into a condominium or residential development, representing a high and best use scenario. This property is being marketed in conjunction with the adjacent properties at 912-914 W Street NW, which are also available for purchase separately at $1,700,000. A combined purchase of all properties (912-920 W Street NW) is also an option, priced at $3,700,000. Comprehensive due diligence materials are available, including a comparable analysis, zoning opinion, and other pertinent details. This presents a unique chance to acquire a valuable asset in a rapidly appreciating area of Washington, D.C. The property's strategic location within the dynamic Shaw/U Street neighborhood ensures strong rental demand and potential for significant long-term appreciation. Serious inquiries are encouraged to review the detailed due diligence package.

    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
    -77.0255
    Latitude
    38.919

    Comparable in this City

    • Value Estimation
      $1,155,000
      7,230 SF

      1210 4th NW St

      APARTMENT HOUSE (5+ UNITS) • 7,230 SF
      1210 4th NW St, Washington, DC 20001-4632
      View Details
    • Value Estimation
      $3,670,000
      27,120 SF

      743 Fairmont NW St

      APARTMENT HOUSE (5+ UNITS) • 27,120 SF
      743 Fairmont NW St, Washington, DC 20001-3857
      View Details
    • Value Estimation
      $9,215,000
      59,401 SF

      801 R NW St, Unit 104

      APARTMENT HOUSE (5+ UNITS) • 59,401 SF
      801 R NW St, Washington, DC 20001-3138
      View Details
    • Value Estimation
      $1,960,000
      17,360 SF

      238 Ww NW St, Unit 12

      APARTMENT HOUSE (5+ UNITS) • 17,360 SF
      238 Ww NW St, Washington, DC 20001-1718
      View Details
    • Value Estimation
      $2,105,000
      18,704 SF

      230 Ww NW St, Unit 32

      APARTMENT HOUSE (5+ UNITS) • 18,704 SF
      230 Ww NW St, Washington, DC 20001-1729
      View Details
    • Value Estimation
      $1,990,000
      8,300 SF

      57 O NW St

      APARTMENT HOUSE (5+ UNITS) • 8,300 SF
      57 O NW St, Washington, DC 20001-1258
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      60-Unit Apartment Community in D.C.

      Boutique apartment community in Washington D.C.'s Shaw neighborhood.
      2220 11Th St North, Washington, DC 20001
      View Details
    • $1,249,000
      5,200 SF

      Approved Condo Conversion Opportunity

      ARTS-2 zoned property approved for 4-unit condo conversion.
      2023 11Th St NW, Washington, DC 20001
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo
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      Four-Level Mixed-Use Building

      Four-level building suitable for business, office, or apartment use.
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    • Contact for pricing
      18,857 SF

      Retail Space Near Capital One Arena

      Retail space near Capital One Arena and Gallery Place Metro.
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      Restaurant spaces available in thriving Mount Vernon Triangle neighborhood.
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      Retail Space in Washington, DC

      3,000 SF retail space available for rent.
      1250 9Th St NW, Washington, DC 20001
      View Details
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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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