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    Property profile & analytics

    1245 H St Washington, DC 20002

    • Commercial real estate
    • 4,632 SF
    • 0.05 lot acres
    For Lease
    View listing
    $35 SF/Yr
    Last Sale
    Jan 07, 2022
    $2,350,000
    Value Estimations
    $1,875,000
    Cap Rate Potential
    4.6%
    Commercial real estate
    Location Intelligence
    Property ID
    US16-0145260
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1245 H St

    Year built
    1930
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    4,632 SF
    Zone code
    NC-14
    Property type
    Commercial real estate
    APN
    1004 0807
    APU
    10040807

    Description

    This exceptional Class A retail property, located at 1245 H St NE in Washington, DC's vibrant H Street Corridor, presents a unique opportunity for lease or purchase. The building, totaling 5,306 square feet, is situated on a 2,043 square foot lot and is currently entirely vacant. The space is ideally suited for a restaurant, featuring a meticulously finished interior with high-end details. Its versatile layout allows for flexibility, potentially accommodating two separate restaurant concepts. A significant advantage is the inclusion of two outdoor patio areas, one each on the second and third floors, providing ample space for al fresco dining. The building's location within the bustling H Street Corridor ensures high foot traffic and visibility, making it an attractive proposition for businesses seeking to thrive in one of Northeast Washington, DC's most dynamic neighborhoods. The property is classified as Street Retail within Columbia County, and the building is spread across four floors. This presents a rare chance to acquire a fully built-out restaurant space in a prime location, ready for immediate occupancy. The zip code is 20002.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,840,000
      ML approach
      $1,795,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,400,000
      6.5%
      $1,290,000
      7%
      $1,200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,503,000
      Market price range: $1.03M - $2.50M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,910,000
      Current use
      OFFICE BUILDING
      $1,860,000
      Change: -3% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,640,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -76.9887
    Latitude
    38.9
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,552
    $400,470
    $1,572,360
    $1,972,830
    -
    $400,470
    $1,572,360
    $1,972,830

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      416 New York NE Ave

      COMMERCIAL (GENERAL) • 0.01 Acres
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      View Details
    • Value Estimation
      $1,180,000
      7,571 SF

      50 Florida Ave Nec-1

      COMMERCIAL CONDOMINUIM • 7,571 SF
      50 Florida Ave Nec-1, Washington, DC 20002-3316
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    • Value Estimation
      $1,675,000
      6,705 SF

      55 M St Necomm

      COMMERCIAL CONDOMINUIM • 6,705 SF
      55 M St Necomm, Washington, DC 20002-3298
      View Details
    • Value Estimation
      $670,000
      2,340 SF

      1426 Capitol NW St

      COMMERCIAL (GENERAL) • 2,340 SF
      1426 Capitol NW St, Washington, DC 20002-4029
      View Details
    • Value Estimation
      $900,000
      1,216 SF

      1924 Benning NE Rd

      COMMERCIAL (GENERAL) • 1,216 SF
      1924 Benning NE Rd, Washington, DC 20002-4782
      View Details
    • Value Estimation
      $1,010,000
      4,158 SF

      1837 Benning NE Rd

      COMMERCIAL (GENERAL) • 4,158 SF
      1837 Benning NE Rd, Washington, DC 20002-7211
      View Details

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      Prime Industrial Land, DC

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      Atlas District Retail Building Opportunity

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    Similar Nearby for Lease

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      Spaces DC Office Suites

      Prime DC Office Space: Flexible Options
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      Furnished Office Suite in DC

      Furnished office suite with utilities included, near shopping and restaurants.
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      Retail Space in Washington, DC

      Retail property available for lease in Washington, DC.
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      Flex/Industrial Space for Lease

      Flex and industrial spaces available for lease.
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      Office Space for Lease

      Office space available for lease in Washington, DC.
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    • Contact for pricing
      2,212 SF

      Retail Space Available For Rent

      Retail space available for rent in Washington, DC.
      701 2Nd St Northeast, Washington, DC 20002
      View Details
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    1245 H St
    Washington, DC 20002
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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