1245 H St NE Washington, DC 20002
Commercial real estate
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Entity Owned
4-yr Hold
~
Est. High Equity
For Lease
1 / 46
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1245 H St NE, Washington, DC 20002
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Estimated value (blended)
$1.84M
Range $1.66M – $2.02M (±10%)
Implied cap rate
4.60%
In-place · NOI ÷ last sale
Property ID
US16-0145260
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Construction
BRICK
Total area
4,632 SF
Lot
0.05 ac (2,043 SF)
Zoning code
NC-14
APN
1004 0807
UPID
US16-0145260
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$1.84M
Owner & transaction history
since 2022
Last sale
$2.4M
3 recorded transactions
Zoning & alternative use
NC-14 · Washington, DC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.84M
Value range
$1.66M – $2.02M
±10% around blend
Estimated value / SF
$397 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$1.66M
blend $1.84M
$2.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,632 SF
Lot area
0.05 ac
Year built
1930
Stories
3
APN
1004 0807
Assessed value
$1,972,830
Annual tax
$32,552
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.29M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.40M
@ 6.5% CAP return
$1.29M
@ 7% CAP return
$1.20M
4
Sales comparison
Partial preview
Sales approach indication
$2.55M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.1 mi away · 3,473 SF
3.2 mi away · 4,836 SF
4.9 mi away · 3,849 SF
5.4 mi away · 3,882 SF
6.4 mi away · 4,910 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.84M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$412
-4%
Submarket 166 sales
$436
-9%
County 166 sales
$436
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $397/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
4.60%
Implied, in-place cap rate for this commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.60%
9.0%
NOI (est.)
$165k *
Last sale · Jan 2022
$2.35M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.58M
Move the market yield to see immediate price impact.
Value / SF
$772
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.10%4.60%5.10%
$148k
$3.61M
$3.22M
$2.90M
$165k
$4.01M
$3.58M
$3.23M
$181k
$4.41M
$3.93M
$3.55M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$3.70M
2.6 mi · Oct 2025 · $746/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,552
Tax year 2023
Assessed value
$1,972,830
Assessed 2023
Previous assessed
$1,972,830
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$400,470
Assessed improvement
$1,572,360
Land market value
$400,470
Improvement market value
$1,572,360
Total market value
$1,972,830
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1930
Construction
BRICK
Heating
NONE
Stories
3
Total area
4,632 SF
Lot
0.05 ac (2,043 SF)
Zoning code
NC-14
APN
1004 0807
UPID
US16-0145260
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
NC-14 · Washington, DCZoning NC-14 · permitted uses
NC-14 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Construction
BRICK
Heating
NONE
Stories
3
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
NC-14
Jurisdiction
Washington, DC
Recorded code
NC-14
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NC-14 in Washington, DC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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