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Property profile & analytics
OFF-MARKET
Estimated value
$43,585,000
Office buildings
1233 20th NW St Washington, DC 20036-2304
Entity Owned
~
Est. High Equity
Property ID
US16-0180100
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
TILT-UP CONCRETE
Total area
222,726 SF
Lot
0.46 ac (20,015 SF)
Zoning code
D-5
APN
0116 0850
UPID
US16-0180100
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
$50.25M
Blend (final)
Blend
$43.59M
Owner & transaction history
Jemals Lion LLC
Jemals Lion LLC
since 2026
7 recorded transactions
Zoning & alternative use
D-5 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$69,880,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$43.59M
Range $39.23M – $47.94M · ±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
$196 / 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
$974,069
Tax year 2023
Assessed value
$52,714,510
Assessed 2023
Previous assessed
$52,714,510
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$28,617,250
Assessed improvement
$24,097,260
Land market value
$28,617,250
Improvement market value
$24,097,260
Total market value
$52,714,510
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
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
8
Total area
222,726 SF
Lot
0.46 ac (20,015 SF)
Zoning code
D-5
APN
0116 0850
UPID
US16-0180100
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
WAREHOUSE, STORAGE
Est. value
$69.9M
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
8
Lot
0.46 ac
Current owner
From public records · entity-resolved
Jemals Lion LLC
Entity
Mailing address
3050 K ST NW STE #125, WASHINGTON, DC 20007-5122
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2026
$12,425,000
Jemals Lion LLC
Foley Scott
Trust Deed
$17,200,000
Dec 22, 2025
—
Jemals Lion LLC
Metlife Real Estate Lending LLC
Deed
—
Oct 25, 2018
$65,000,000
Lion Building Owner LLC
Jbg/1233 20th Street LLC
Grant Deed
$8,600,000 · Metlife R/e Lndg LLC
Oct 25, 2018
—
Jbgs & 1900 N LLC
—
Deed
related
—
Nov 3, 2016
—
Jbg & 1233 20th Street LLC
—
Deed
related
$43,685,591 · Miscellaneous Ins Co
Jun 4, 2012
$64,750,000
Jbg & 1233 20th Street LLC
Br-core 1233 20th Street LLC
Grant Deed
$50,000,000 · Acquisition Fndg
Jun 8, 2007
$61,247,375
Br-core 1233 20th Street LLC
Ers Lion Building LLC
Grant Deed
$33,600,000 · Wachovia Bk/nc
—
—
Jbg & 1233 20th Street LLC
—
Deed Of Trust
related
$47,000,000 · Miscellaneous Ins Co
—
—
Jbg & 1233 20th Street LLC
—
Loan Modification
related
$43,685,591 · Miscellaneous Ins Co
—
—
Jbgs & 1900 N LLC
—
Loan Modification
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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