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Property profile & analytics
OFF-MARKET
Retail space
1119 Nn NW St Washington, DC 20005-4301
Entity Owned
17-yr Hold
Free & Clear
Property ID
US16-0140927
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
BRICK
Total area
1,550 SF
Lot
0.01 ac (507 SF)
Zoning code
RA-3
APN
0313 0806
UPID
US16-0140927
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
by Request
Owner & transaction history
Welch Family LP Four · 17 yrs held
Welch Family LP Four
since 2009
6 recorded transactions
Zoning & alternative use
RA-3 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes of this zone is to permit flexibility of design by permitting all types of urban residential development if they conform to the height, density, and area requirements established for these districts; and permit the construction of those institutional and semi-public buildings that would be compatible with adjoining residential uses and that are…
Zone name
Residential Apartment
General category
CIVIC_INSTITUTIONAL
Zone area
40.03 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
—
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
$13,023
Tax year 2023
Assessed value
$261,040
Assessed 2023
Previous assessed
$261,040
+0.0% YoY
Effective rate
4.99%
On assessed value
Assessed land
$168,280
Assessed improvement
$92,760
Land market value
$168,280
Improvement market value
$92,760
Total market value
$261,040
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
1,550 SF
Lot
0.01 ac (507 SF)
Zoning code
RA-3
APN
0313 0806
UPID
US16-0140927
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA-3 · Washington, DCZoning RA-3 · permitted uses
RA-3 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes of this zone is to permit flexibility of design by permitting all types of urban residential development if they conform to the height, density, and area requirements established for these districts; and permit the construction of those institutional and semi-public buildings that would be compatible with adjoining residential uses and that are excluded from the more restrictive residential zones
Zone name
Residential Apartment
General category
CIVIC_INSTITUTIONAL
Zone area
40.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Welch Family LP Four
Entity
Free & Clear · 17 yrs held
Mailing address
910 M ST NW APT #1130, WASHINGTON, DC 20001-6337
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Oct 20, 2010
—
Welch Family LP Two
—
Deed Of Trust
related
$5,500,000 · Pantheon Funding (kjw) LLC
Jul 22, 2009
$187,390
Welch Family LP Four
Welch Family Business Trust Four
Grant Deed
related
—
—
—
Welch Family LP Four
—
Deed Of Trust
related
$800,000 · Capital Bank NA
—
—
Mary A Moses
—
Deed Of Trust
related
—
—
—
Welch Family LP Four
—
Deed Of Trust
related
$1,100,000 · Capital Bank NA
—
—
Welch Family LP Four
—
Deed Of Trust
related
$1,275,000 · Revere 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.
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