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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Warehouses
1048 29th NW St Washington, DC 20007-3831
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US16-0090632
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1926
Construction
BRICK
Total area
17,040 SF
Lot
0.11 ac (4,920 SF)
Zoning code
MU-13
APN
1192 0031
UPID
US16-0090632
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
1048 29th St Development LLC · 1 yrs held
1048 29th St Development LLC
since 2025
6 recorded transactions
Zoning & alternative use
MU-13 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit residential development at varying densities. This zone is applied generally in the vicinity of the waterfront
Zone name
Mixed Use
General category
MIXED_USE
Zone area
27.57 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$116 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$37,624
Tax year 2024
Assessed value
$2,280,260
Assessed 2024
Previous assessed
$2,305,200
-1.1% YoY
Effective rate
1.65%
On assessed value
Assessed land
$1,122,150
Assessed improvement
$1,158,110
Land market value
$1,122,150
Improvement market value
$1,158,110
Total market value
$2,280,260
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1926
Construction
BRICK
Heating
NONE
Stories
2
Total area
17,040 SF
Lot
0.11 ac (4,920 SF)
Zoning code
MU-13
APN
1192 0031
UPID
US16-0090632
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-13 · Washington, DCZoning MU-13 · permitted uses
MU-13 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit residential development at varying densities. This zone is applied generally in the vicinity of the waterfront
Zone name
Mixed Use
General category
MIXED_USE
Zone area
27.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1926
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
1048 29th St Development LLC
Entity
Mailing address
1048 29TH ST NW, WASHINGTON, DC 20007-3831
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
$12,500,000
1048 29th St Development LLC
Gp Brawner Limited Partnership
Special Warranty Deed
$14,815,775 · Somerset Trust Co
Jul 25, 2019
—
G P Brawner LP
—
Deed
related
$2,300,000 · United Bk
—
—
G P Brawner LP
—
Loan Modification
related
$2,300,000 · United Bk
—
—
P Brawner LP G
—
Deed Of Trust
related
$1,500,000 · Bank Of Georgetown
—
—
Gp Brawner LP
—
Deed Of Trust
related
$500,000 · Presidential Savings Bank
—
—
Gp Brawner LP
—
Deed Of Trust
related
$1,000,000 · Presidential Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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