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Property profile & analytics
OFF-MARKET
Estimated value
$32,325,000
Hotels
1201 24th NW St Washington, DC 20037-1104
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US16-0158240
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Total area
361,400 SF
Lot
0.96 ac (41,985 SF)
Zoning code
MU-10
APN
0036 0859
UPID
US16-0158240
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
$35.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.33M
Owner & transaction history
Bw Hospitality LLC · 11 yrs held
Bw Hospitality LLC
since 2014
3 recorded transactions
Zoning & alternative use
MU-10 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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-…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
63.43 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$38,625,000
6.5%
$35,655,000
7%
$33,105,000
Blend value · Realmo final
$32.33M
Range $29.09M – $35.56M · ±10%
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
$89 / 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
$938,377
Tax year 2023
Assessed value
$49,641,700
Assessed 2023
Previous assessed
$49,641,700
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$39,255,980
Assessed improvement
$10,385,720
Land market value
$39,255,980
Improvement market value
$10,385,720
Total market value
$49,641,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1986
Heating
NONE
Stories
10
Units
223
Total area
361,400 SF
Lot
0.96 ac (41,985 SF)
Zoning code
MU-10
APN
0036 0859
UPID
US16-0158240
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-10 · Washington, DCZoning MU-10 · permitted uses
MU-10 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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, MU-4/CAP, MU-4/CHC, AND MU-4/CAP/CHC 400 PURPOSE AND INTENT 401
Zone name
Mixed Use
General category
MIXED_USE
Zone area
63.43 ac
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
10
Units
223
Lot
0.96 ac
Current owner
From public records · entity-resolved
Bw Hospitality LLC
Entity
Mailing address
5847 SAN FELIPE ST STE #4650, HOUSTON, TX 77057-3277
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
—
Bw Hospitality LLC
—
Deed
related
$50,000,000 · Credit Agricole Corporate And Investment
Aug 15, 2019
—
Bw Hospitality LLC
—
Deed
related
$71,800,000 · United Overseas Bank Limited New York Ag
Oct 3, 2014
—
Bw Hospitality LLC
Hyatt Equities LLC
Grant Deed
related
$53,000,000 · Jp Morgan Chase 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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