Financial
Distress signals
Property profile

409 NE 18Th St NE Washington, DC 20002

FOR LEASE
Retail space
Property ID
US16-0216112
828 SF 0.02 ac lot Built 1938
Last sale Jan 2025 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial retail/food-service space totaling approximately 898 square feet, located at 409 NE 18th St NE. It includes existing commercial kitchen equipment conveyed in as-is condition and previously operated as a croissant bakery, featuring an original imported Italian baking unit. The neighboring address at 411 NE 18th St NE is not included. The interior configuration supports commercial kitchen operations based on its prior use as a bakery.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$269k
Assessed land$63k
Assessed improvement$205k
Effective rate1.97%

Value estimate

· Sep 2026
$205k
$185k – $226k
NOI build-up
Gross scheduled income$15k
Vacancy & credit loss−$784
Operating expenses−$4k
NOI · 333.70% cap applied$10k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$308/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$181 – $437
Qualifying comparables3

Cap rate analysis

How does the asset earn?
333.70%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MU-3A
This zone provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit residenti...
General categoryMIXED_USE
JurisdictionDISTRICT OF COLUMBIA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand index
Law Firm43.1
Spa & Massage21.6
Skin Care Clinic19.0

Location

409 NE 18Th St NE Washington, DC 20002
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
520 Florida NE, Washington, DC 20002-3440 $1,040,000 Dec 2025 989 SF
1236 H NE, Washington, DC 20002-4445 $735,000 Jul 2025 1,974 SF
1802 D NE, Washington, DC 20002-6606 $1,085,000 Jul 2025 1,264 SF
1108 Montello NE, Washington, DC 20002-3802 $1,400,000 Feb 2025 1,828 SF
411 18th NE, Washington, DC 20002-4607 $425,000 Oct 2024 764 SF
1816 Benning NE, Washington, DC 20002-7212 $212,609 Aug 2024 1,404 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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