Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1320 Marion Barry SE Ave Washington, DC 20020-6912

    • Commercial real estate
    • 7,235 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2023
    $1,910,000
    Value Estimations
    $1,830,000
    Show details
    Cap Rate Potential
    5.5%
    Commercial real estate
    Location Intelligence
    Property ID
    US16-0047610
    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 1320 Marion Barry SE Ave

    Year built
    1929
    Construction
    BRICK
    Lot size
    0.21 lot acres
    Property size
    7,235 SF
    Zone code
    MU-4
    Property type
    Commercial real estate
    APN
    5602 0114
    APU
    56020114

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,785,000
      ML approach
      $1,715,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,630,000
      6.5%
      $1,505,000
      7%
      $1,395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,269,000
      Market price range: $347k - $1.27M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,905,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -76.9864
    Latitude
    38.8672
    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
    $30,459
    $355,730
    $1,445,720
    $1,801,450
    -
    $355,730
    $1,445,720
    $1,801,450

    Comparable in this City

    • Value Estimation
      $1,075,000
      7,472 SF

      2011 Savannah SE St

      COMMERCIAL (GENERAL) • 7,472 SF
      2011 Savannah SE St, Washington, DC 20020-7574
      View Details
    • Value Estimation by Request
      0.83 Acres

      Bruce Pl

      Land • 0.83 Acres
      0 Bruce Pl, Washington, DC 20020
      View Details
    • Value Estimation
      $1,610,000
      13,988 SF

      2303 Skyland SE Pl

      COMMERCIAL (GENERAL) • 13,988 SF
      2303 Skyland SE Pl, Washington, DC 20020-3410
      View Details
    • Value Estimation
      $735,000
      5,020 SF

      2811 Pennsylvania SE Ave

      COMMERCIAL (GENERAL) • 5,020 SF
      2811 Pennsylvania SE Ave, Washington, DC 20020-3865
      View Details
    • Value Estimation by Request
      1,596 SF

      2307 Martin Luther King Jr SE Ave

      COMMERCIAL (GENERAL) • 1,596 SF
      2307 Martin Luther King Jr SE Ave, Washington, DC 20020-5813
      View Details
    • Value Estimation
      $4,320,000
      30,085 SF

      2004 Martin Luther King Jr SE Ave

      COMMERCIAL (GENERAL) • 30,085 SF
      2004 Martin Luther King Jr SE Ave, Washington, DC 20020-7008
      View Details

    Similar Nearby for Sale

    • $1,400,000
      5,784 SF

      Prime SE DC Mixed-Use Building

      Renovated Mixed-Use Property: Income & Living
      2401 Martin Luther King Jr Ave, Washington, DC 20020
      View Details
    • $949,000
      0.28 Acres

      Land in Opportunity Zone

      Land suitable for multi-family or townhome development in Washington, DC.
      3019 Stanton Rd SE, Washington, DC 20020
      View Details
    • $1,050,000
      0.07 Acres

      Commercial Building in Washington, DC

      Two-story building with redevelopment potential in Washington, DC.
      1429 Good Hope Rd SE, Washington, DC 20020
      View Details
    • $446,999
      950 SF

      Modern Condo in Historic Anacostia

      Newly constructed 2-bedroom, 2-bathroom condo with modern amenities and convenient location.
      2256 High St SE, Washington, DC 20020
      View Details
    • $225,000

      Fairlawn Avenue Property For Sale

      Specialty property available for purchase in Washington, DC.
      2005 Fairlawn Ave SE, Washington, DC 20020
      View Details
    • $94,990
      0.07 Acres

      Land in Washington, DC

      Land for sale in the heart of Washington, DC.
      1700 T St SE, Washington, DC 20020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,580 SF

      Prime SE DC Retail Space

      1,580 SF Retail Space Available
      2100 Martin Luther King Jr Ave, Washington, DC 20020
      View Details
    • $13,200 /Mo
      32,670 SF

      New Class A Office Space

      New office space in MLK Gateway, historic Anacostia.
      1909 SE Unit, Washington, DC 20020
      View Details
    • $3,661 /Mo
      2,178 SF

      Prime Retail Space in Washington

      Highly visible storefront in historic Anacostia, ideal for various businesses.
      1111 SE Unit, Washington, DC 20020
      View Details
    • $966 /Mo
      2,178 SF

      Storefront in Historic Anacostia

      Highly visible retail space with outdoor area in Washington, DC.
      1111 Marion Barry Ave SE unit Lower Level, Washington, DC 20020
      View Details
    • $1,499 /Mo
      570 SF

      Updated Condo Near Fort Dupont

      Stylish 1BR/1BA condo with modern updates and convenient location.
      3937 S St SE, Washington, DC 20020
      View Details
    • $7,400 /Mo

      Prime Corner Retail Space Available

      High-visibility storefront in historic Anacostia, ideal for retail.
      1932 Se #First, Washington, DC 20020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1320 Marion Barry SE Ave
    Washington, DC 20020-6912
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.