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    Property profile & analytics

    2827 Sherman Ave Washington, DC 20001

    • Commercial real estate
    • 1,986 SF
    • 0.02 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimation
    Last Sale
    Jul 23, 2024
    $132,963
    Location Intelligence
    Property ID
    US16-0211183
    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 2827 Sherman Ave

    Year built
    1908
    Construction
    BRICK
    Lot size
    0.02 lot acres
    Property size
    1,986 SF
    Zone code
    MU-4,RF-1
    Property type
    Commercial real estate
    APN
    2887 0165
    APU
    28870165

    Description

    This exceptional 3,200 square foot restaurant space, located at 2827 Sherman Ave NW in Washington, DC's vibrant Columbia Heights neighborhood, is available for $1,950,000. The property, built in 1908 and extensively renovated in 2021, boasts a desirable corner lot position with a potential for outdoor patio seating. Currently vacant, this single-unit building offers a blank canvas for a discerning restaurateur. The property features versatile zoning, allowing for a variety of culinary concepts. With 1,067 square feet of lot size, the building is classified as Class B and sits within the 20001 zip code. This is a unique opportunity to establish a thriving business in a highly sought-after location. The property's recent renovation ensures a move-in ready space, minimizing upfront investment and maximizing potential for immediate returns. Don't miss this chance to capitalize on the area's thriving culinary scene.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $135,000

    • CAP approach

      CAP return
      Estimation
      6%
      $155,000
      6.5%
      $160,000
      7%
      $150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $145,000
      Geo Method
      $150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $135,000
      Retail
      $155,000
      Mixed-Use
      $190,000
      Hospitality
      $175,000
      Educational
      $150,000
      Residential Income
      $155,000
      Energy
      $165,000
      Income-Based Land
      $165,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0257
    Latitude
    38.9267
    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
    $12,058
    $187,980
    $542,780
    $730,760
    -
    $187,980
    $542,780
    $730,760

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    Washington, DC 20001
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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
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