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Property profile & analytics
OFF-MARKET
Estimated value
$6,435,000
Hotels
1222 1st NE St Washington, DC 20002-3357
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US16-0062218
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2022
Construction
BRICK
Total area
119,420 SF
Lot
0.32 ac (14,109 SF)
Zoning code
D-5
APN
0672 0262
UPID
US16-0062218
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
-
citizenM Washington DC NoMa hotel Hotel & Motel
-
societyM meeting rooms Washington NoMa Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.26M
Blend (final)
Blend
$6.44M
Owner & transaction history
Osib Washington Dc Noma Of Union · 7 yrs held
Osib Washington Dc Noma Of Union
since 2018
7 recorded transactions
Zoning & alternative use
D-5 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
AND OBJECTIVE (D-4-R) 531 DENSITY - FLOOR AREA RATIO (FAR) (D-4-R) 532 HEIGHT (D-4-R) 533 FRONT BUILD-TO (D-4-R) 534 FRONT SETBACK (D-4-R) 535 COURT (D-4-R) 536 USES (D-4-R) 537 DESIGN (D-4-R) 538 PURPOSE AND OBJECTIVE (D-5) 539 DENSITY - FLOOR AREA RATIO (FAR) (D-5) 540 HEIGHT (D-5) 541 FRONT BUILD-TO (D-5) 542 FRONT SETBACK (D-5) 543 PARKING (D-5) 544 USES…
Zone name
Downtown
General category
MIXED_USE
Zone area
375.00 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.44M
Range $5.79M – $7.08M · ±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
$54 / 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
$914,561
Tax year 2023
Assessed value
$66,452,360
Assessed 2023
Previous assessed
$66,452,360
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$10,447,260
Assessed improvement
$56,005,100
Land market value
$10,447,260
Improvement market value
$56,005,100
Total market value
$66,452,360
Applied tax rate
3.0000
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
2022
Construction
BRICK
Heating
NONE
Stories
10
Total area
119,420 SF
Lot
0.32 ac (14,109 SF)
Zoning code
D-5
APN
0672 0262
UPID
US16-0062218
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
D-5 · Washington, DCZoning 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
Zoning description
AND OBJECTIVE (D-4-R) 531 DENSITY - FLOOR AREA RATIO (FAR) (D-4-R) 532 HEIGHT (D-4-R) 533 FRONT BUILD-TO (D-4-R) 534 FRONT SETBACK (D-4-R) 535 COURT (D-4-R) 536 USES (D-4-R) 537 DESIGN (D-4-R) 538 PURPOSE AND OBJECTIVE (D-5) 539 DENSITY - FLOOR AREA RATIO (FAR) (D-5) 540 HEIGHT (D-5) 541 FRONT BUILD-TO (D-5) 542 FRONT SETBACK (D-5) 543 PARKING (D-5) 544 USES (D-5) 545 DESIGN (D-5) 546 PURPOSE AND OBJECTIVE (D-5-R) 547 DENSITY - FLOOR AREA
Zone name
Downtown
General category
MIXED_USE
Zone area
375.00 ac
Building & site characteristics
From public records
Year built
2022
Construction
BRICK
Heating
NONE
Stories
10
Lot
0.32 ac
Current owner
From public records · entity-resolved
Osib Washington Dc Noma Of Union
Individual
Mailing address
148 MADISON AVE FL #2, NEW YORK, NY 10016-6784
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
—
Osib Wa Dc Noma Union Market Prop L
—
Deed
related
$46,400,000 · Jpmorgan Chase Bank NA
Oct 31, 2018
$10,500,000
Osib Washington Dc Noma Of Union
1222-1st Street Ne LLC
Grant Deed
$10,500,000 · Osib Washington Dc Noma/union
Sep 21, 2017
—
1222-1st Street Ne LLC A District O
—
Deed
related
$2,000,000 · Eaglebank
Jul 6, 2016
$3,000,000
1222 1st Street Ne LLC
The Elva J Simon Revocable Trust Da
Special Warranty Deed
$2,100,000 · Eagle Bank
Mar 28, 2012
—
Simon Elva J Trust
Simon Elva J
Quit Claim Deed
related
—
Dec 15, 2009
—
Simon Elva J Trust
Simon,alvin & Elva J
Quit Claim Deed
related
—
—
—
Alvin Simon
—
Deed Of Trust
related
$285,000 · Nationsbank
—
—
Simon Elva J Trust
—
Deed Of Trust
related
$170,000 · Capital Bank NA
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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