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Property profile & analytics
OFF-MARKET
Estimated value
$44,315,000
Office Spaces
111 K St Ne Ste 700 Washington, DC 20002-8110
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US16-0147175
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2011
Construction
TILT-UP CONCRETE
Total area
3,213,130 SF
Lot
0.02 ac (859 SF)
APN
0715 2007
UPID
US16-0147175
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
$44.32M
Owner & transaction history
111 K Acquisitions LLC · 8 yrs held
111 K Acquisitions LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$14 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$51,413
Tax year 2023
Assessed value
$3,115,910
Assessed 2023
Previous assessed
$3,115,910
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$789,760
Assessed improvement
$2,326,150
Land market value
$789,760
Improvement market value
$2,326,150
Total market value
$3,115,910
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2011
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
3,213,130 SF
Lot
0.02 ac (859 SF)
APN
0715 2007
UPID
US16-0147175
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2011
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
111 K Acquisitions LLC
Entity
Mailing address
2929 ARCH ST, PHILADELPHIA, PA 19104-2857
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2018
—
111 K Acquisitions LLC
—
Grant Deed
related
$21,937,500 · Santander Bk NA
Feb 1, 2018
$27,500,000
111 K Acquisitions LLC
New Boston K Street Reit LLC
Trustees Deed
$21,937,500 · Rp 111 K Lender LLC
Apr 10, 2012
$22,900,000
New Boston K Street Reit LLC
Wp Of Bp 101 K Street LLC
Grant Deed
—
Mar 30, 2010
—
Wb Of Bp 101 K Street LLC
—
Deed Of Trust
related
$31,055,505 · Td Bank NA
—
—
New Boston K Street Reit LLC
—
Deed Of Trust
related
$17,920,000 · Eagle Bk
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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