Property profile

1029 Vermont NW Ave Washington, DC 20005

OFF-MARKET
Office buildings
Property ID
US16-0153081
51,024 SF 0.09 ac lot Built 1921
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Retail space located on the corner of Vermont Avenue and L Street NW, just off Massachusetts Avenue in a high-traffic area. The site provides opportunities for prominent exterior signage and is positioned near the Logan Circle/14th Street corridor, with nearby hotels and office properties. The space contains approximately 1,495 square feet of retail area and is within walking distance of metro lines.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1921
Construction TILT-UP CONCRETE
Total area 51,024 SF
Lot 0.09 ac (3,814 SF)
Zoning code D-6
APN 0217 0805
UPID US16-0153081

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Media Distribution
  • Association Or Organization
  • Charitable Organization Social Service Agency

Location

1029 Vermont NW Ave Washington, DC 20005-3517
Washington metro Census 10100 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.56M
Blend (final) Blend
$11.08M

Owner & transaction history

since 2021
Last sale
$12.0M
2 recorded transactions
2021
$12.0M
1969
Price N/A

Zoning & alternative use

D-6 · Washington, DC
Zoning description

AND OBJECTIVE (D-5-R) 547 DENSITY - FLOOR AREA RATIO (FAR) (D-5-R) 548 HEIGHT (D-5-R) 549 FRONT BUILD-TO (D-5-R) 550 FRONT SETBACK (D-5-R) 551 COURT (D-5-R) 552 USES (D-5-R) 553 DESIGN (D-5-R) 554 PURPOSE AND OBJECTIVE (…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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