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Property profile & analytics
FOR LEASE
Office buildings
1200 1St St NE Washington, DC 20002
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US16-0165754
For Lease
1 / 2
Contact for pricing
1200 1St St NE, Washington, DC 20002
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
TILT-UP CONCRETE
Total area
299,722 SF
Lot
0.79 ac (34,405 SF)
Zoning code
D-5
APN
0672 0856
UPID
US16-0165754
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
Current use
Occupant on record · Public records
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
Department of Energy and Environment Social Service Agency
-
Lauren Kraemer Foster Care Service Social Service Agency
-
Arden Matthew Physician Medical Clinic
-
CVS Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$164.08M
Comparable Approach
Comparable
$139.84M
Blend (final)
Blend
$123.70M
Owner & transaction history
Egp 1200 Washington LLC · 1 yrs held
Egp 1200 Washington LLC
since 2025
Last sale
$118.8M
7 recorded transactions
Zoning & alternative use
D-5 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$188.8M
+57.0%
Apartment house (5+ units)
$141.1M
+17.3%
Commercial (general)
$123.6M
+2.7%
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
Method
Estimation
Statistic approach
$76,985,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$177,750,000
6.5%
$164,075,000
7%
$152,355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$120,265,000
Current use
RESTAURANT
$188,815,000
Change: +57% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$141,120,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$123,565,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$106,100,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$123.70M
Range $111.33M – $136.06M · ±10% · vs last sale $118.78M (Apr 4 2025)
Last sale anchor
$118.78M
Apr 4 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$413 / 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
$3,045,298
Tax year 2023
Assessed value
$163,805,660
Assessed 2023
Previous assessed
$163,805,660
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$28,308,430
Assessed improvement
$135,497,230
Land market value
$28,308,430
Improvement market value
$135,497,230
Total market value
$163,805,660
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
12
Total area
299,722 SF
Lot
0.79 ac (34,405 SF)
Zoning code
D-5
APN
0672 0856
UPID
US16-0165754
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
D-5 · Washington, DC
Zoning D-5 · permitted uses
D-5 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$120.3M
RESTAURANT
Est. value
$188.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$141.1M
COMMERCIAL (GENERAL)
Est. value
$123.6M
WAREHOUSE, STORAGE
Est. value
$106.1M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
12
Lot
0.79 ac
Current owner
From public records · entity-resolved
Egp 1200 Washington LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5530 WISCONSIN AVE STE #1000, CHEVY CHASE, MD 20815-4330
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2025
$118,783,587
Egp 1200 Washington LLC
Vef Vn Capitol Plaza I LLC
Special Warranty Deed
—
Jan 29, 2021
—
Principal Us Prop Portfolio Re
Principal Life Ins Co
Quit Claim Deed
related
—
Aug 3, 2016
—
Vef-vn Capitol Plaza I LLC
—
Deed
related
$82,500,000 · Miscellaneous Ins Co
Apr 13, 2007
$94,500,000
Vef-vn Capitol Plaza I LLC
Capitol Plaza I LLC
Grant Deed
related
$110,000,000 · Goldman Sachs Comm'l Mtg Cap
Dec 30, 2004
$17,508,000
Capitol Plaza I LLC
30/60 M Street
Grant Deed
$79,000,000 · Wachovia Bank NA
—
—
Vef-vn Capitol Plaza I LLC
—
Deed Of Trust
related
$70,000,000 · Pacific Life Insurance Co
—
—
Vef-vn Capitol Plaza I LLC
—
Loan Modification
related
$82,500,000 · Miscellaneous Ins Co
—
—
Vef-vn Capitol Plaza I LLC
—
Deed Of Trust
related
$82,500,000 · Miscellaneous Ins Co
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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