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Property profile & analytics
OFF-MARKET
Estimated value
$16,510,000
Hospitals
111 Michigan NW Ave Washington, DC 20010-2916
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US16-0108378
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1975
Construction
BRICK
Total area
823,802 SF
Lot
7.3 ac (317,998 SF)
Zoning code
MU-2
APN
3129 0801
UPID
US16-0108378
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
$16.51M
Owner & transaction history
Childrens Hospital · 6 yrs held
Childrens Hospital
since 2020
7 recorded transactions
Zoning & alternative use
MU-2 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
e Note 209 COURT 209 Source Note 210 LOT OCCUPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 PLAZA 212 Source Note 213 WATERFRONT SETBACK 213 Source Note CHAPTER 3 DUPONT CIRCLE MIXED-USE ZONES - MU-1/DC, MU-2/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
158.62 ac
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
$20 / 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
Assessed value
$257,336,790
Assessed 2023
Previous assessed
$249,760,830
+3.0% YoY
Assessed land
$19,238,880
Assessed improvement
$238,097,910
Land market value
$19,238,880
Improvement market value
$238,097,910
Total market value
$257,336,790
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1975
Construction
BRICK
Heating
NONE
Stories
5
Total area
823,802 SF
Lot
7.3 ac (317,998 SF)
Zoning code
MU-2
APN
3129 0801
UPID
US16-0108378
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-2 · Washington, DCZoning MU-2 · permitted uses
MU-2 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
e Note 209 COURT 209 Source Note 210 LOT OCCUPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 PLAZA 212 Source Note 213 WATERFRONT SETBACK 213 Source Note CHAPTER 3 DUPONT CIRCLE MIXED-USE ZONES - MU-1/DC, MU-2/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP,
Zone name
Mixed Use
General category
MIXED_USE
Zone area
158.62 ac
Building & site characteristics
From public records
Year built
1975
Construction
BRICK
Heating
NONE
Stories
5
Lot
7.3 ac
Current owner
From public records · entity-resolved
Childrens Hospital
Individual
Mailing address
106 IRVING ST NW STE #301, WASHINGTON, DC 20010-2927
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2020
—
Childrens Hospital
—
Deed
related
$511,030,000 · Bank Of Ny Mellon
Jan 30, 2019
—
Childrens Hospital
—
Loan Modification
related
$486,030,000 · Childrens Hospital Foundation
Mar 18, 2013
—
Childrens Hospital
—
Deed Of Trust
related
$497,590,000 · Bank Of Ny Mellon (ce)
—
—
Childrens Hospital
—
Deed Of Trust
related
$42,500,000 · Bank Of New York (tr)
—
—
Childrens Hospital
—
Loan Modification
related
$448,960,000 · Bank Of Ny Mellon
—
—
Childrens Hospital
—
Loan Modification
related
$511,030,000 · Bank Of Ny Mellon
—
—
Childrens Hospital
—
Deed Of Trust
related
—
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.
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