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Property profile & analytics
OFF-MARKET
Estimated value
$8,050,000
Warehouses
1240 Mt Olivet NE Rd Washington, DC 20002-7801
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US16-0003005
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
BRICK
Total area
77,781 SF
Lot
0.41 ac (17,980 SF)
Zoning code
PDR-1
APN
4092 0007
UPID
US16-0003005
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
$8.05M
Owner & transaction history
1240 Mount Olivet Road LLC · 9 yrs held
1240 Mount Olivet Road LLC
since 2017
7 recorded transactions
Zoning & alternative use
PDR-1 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
05 PENTHOUSE AND ROOFTOP STRUCTURE 206 [RESERVED] 207 REAR YARD 208 SIDE YARD 209 COURT 210 TRANSITION SETBACKS 211 GREEN AREA RATIO 211 Source Note CHAPTER 3 CAPITOL INTEREST PRODUCTION, DISTRIBUTION, AND REPAIR ZONE - PDR-1/CAP 300 PURPOSE AND INTENT 300 Source Note 301 DENSITY 301 Source Note 302 HEIGHT 302 Source Note 303 PENTHOUSE AND ROOFTOP STRUCTURE…
Zone name
Production Distribution And Repair
General category
COMMERCIAL
Zone area
1,132.93 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$103 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$207,808
Tax year 2024
Assessed value
$10,995,150
Assessed 2024
Previous assessed
$10,113,310
+8.7% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,174,680
Assessed improvement
$8,820,470
Land market value
$2,174,680
Improvement market value
$8,820,470
Total market value
$10,995,150
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
BRICK
Heating
NONE
Stories
5
Units
1
Total area
77,781 SF
Lot
0.41 ac (17,980 SF)
Zoning code
PDR-1
APN
4092 0007
UPID
US16-0003005
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDR-1 · Washington, DCZoning PDR-1 · permitted uses
PDR-1 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
05 PENTHOUSE AND ROOFTOP STRUCTURE 206 [RESERVED] 207 REAR YARD 208 SIDE YARD 209 COURT 210 TRANSITION SETBACKS 211 GREEN AREA RATIO 211 Source Note CHAPTER 3 CAPITOL INTEREST PRODUCTION, DISTRIBUTION, AND REPAIR ZONE - PDR-1/CAP 300 PURPOSE AND INTENT 300 Source Note 301 DENSITY 301 Source Note 302 HEIGHT 302 Source Note 303 PENTHOUSE AND ROOFTOP STRUCTURE 303 Source Note 304 SPECIAL EXCEPTION REVIEW CRITERIA 304 Source Note CHAPTER 4 FORT
Zone name
Production Distribution And Repair
General category
COMMERCIAL
Zone area
1,132.93 ac
Building & site characteristics
From public records
Year built
2021
Construction
BRICK
Heating
NONE
Stories
5
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
1240 Mount Olivet Road LLC
Entity
Mailing address
1255 UN ST NE STE #500, WASHINGTON, DC 20002-7042
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Sep 1, 2023
—
1240 Mount Olivet Road LLC
—
Deed
related
$8,280,000 · Extra Space Capital LLC
Dec 27, 2018
—
1240 Mount Olivet Road LLC
—
Deed
related
$8,302,000 · Mainstreet Bk
Apr 11, 2018
—
1240 Mount Olivet Road LLC
—
Deed
related
$2,000,000 · Thomas J Chmelik
May 15, 2017
$2,200,000
1240 Mount Olivet Road LLC
Congressional Jcr LLC
Grant Deed
$700,000 · Sgs LLC
May 30, 2014
$1,100,000
Congressional Jcr LLC
Strauss Carolyn K Trust
Grant Deed
$950,000 · Strauss Carolyn K Trust (pt)
Jan 4, 2006
—
Strauss,carolyn K Trust
Carolyn Strauss
Quit Claim Deed
related
—
—
—
1240 Mount Olivet Road LLC
—
Loan Modification
related
$8,302,000 · Mainstreet Bk
—
—
1240 Mount Olivet Road LLC
—
Deed Of Trust
related
$2,000,000 · Thomas J Chmelik
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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