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

    1324 Main NW Dr Washington, DC 20012-2841

    • High-rise multifamily apartments
    OFF-MARKET
    Last Sale
    Jun 03, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0183142
    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

    • High-rise multifamily apartments

    Property Details for 1324 Main NW Dr

    Year built
    2018
    Zone code
    WR-4
    Property type
    High-rise multifamily apartments
    APN
    2950 7009
    APU
    29507009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.031
    Latitude
    38.9731
    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
    $995
    $147,900
    $86,300
    $234,200
    -
    $147,900
    $86,300
    $234,200

    Comparable in this City

    • Value Estimation by Request

      1324 Main NW Dr

      HIGH-RISE APARTMENTS
      1324 Main NW Dr, Washington, DC 20012-2841
      View Details
    • Value Estimation
      $1,045,000
      35,680 SF

      6501 14th NW St

      HIGH-RISE APARTMENTS • 35,680 SF
      6501 14th NW St, Washington, DC 20012-2966
      View Details
    • Value Estimation
      $1,165,000
      91,752 SF

      6817 Georgia NW Ave

      HIGH-RISE APARTMENTS • 91,752 SF
      6817 Georgia NW Ave, Washington, DC 20012-2566
      View Details
    • Value Estimation
      $1,235,000
      44,810 SF

      7701 Georgia NW Ave

      HIGH-RISE APARTMENTS • 44,810 SF
      7701 Georgia NW Ave, Washington, DC 20012-1636
      View Details
    • Value Estimation
      $1,240,000
      52,256 SF

      7051 Spg NW Pl

      HIGH-RISE APARTMENTS • 52,256 SF
      7051 Spg NW Pl, Washington, DC 20012-2096
      View Details
    • Value Estimation
      $665,000
      108,678 SF

      218 Vine NW St

      HIGH-RISE APARTMENTS • 108,678 SF
      218 Vine NW St, Washington, DC 20012-2038
      View Details

    Similar Nearby for Sale

    • $585,000

      Renovated Condos in Washington, DC

      Fully renovated condos with modern amenities in a prime location.
      7125 Georgia Ave NW, Washington, DC 20012
      View Details
    • $450,000

      Brightwood Condo in Brummel Manor

      Charming 2BR/2BA condo in historic Brightwood/Takoma neighborhood.
      574 Brummel Ct NW, Washington, DC 20012
      View Details
    • $195,000

      Residential Property in Washington, DC

      Residential property for sale in Washington, DC.
      6445 Luzon Ave NW 409, Washington, DC 20012
      View Details
    • Contact for pricing
      0.43 Acres

      Mixed-Use Development in Takoma Park

      New construction mixed-use development with 170 residential units.
      325 Vine St NW, Washington, DC 20012
      View Details
    • $288,000

      Residential Property in Washington, DC

      Residential property for sale in Washington, DC.
      7054 Eastern Ave NW 304, Washington, DC 20012
      View Details
    • $375,000

      Takoma Condominium with Upgrades

      One bedroom with den in Takoma, near Metro.
      422 Butternut St St NW, Washington, DC 20012
      View Details

    Similar Nearby for Lease

    • $3,395 /Mo
      1,382 SF

      Spacious Updated Duplex Near Metro

      Updated 3 bed, 3 bath duplex near Takoma Metro.
      32 Underwood Pl NW, Washington, DC 20012
      View Details
    • Contact for pricing
      1,574 SF

      Adaptive Reuse Mixed-Use Community

      Located on 66-acre campus, retail, residential, office, educational space.
      6900 Georgia Ave NW, Washington, DC 20012
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Space Near Takoma Metro

      Industrial, warehouse, distribution, and manufacturing space near Takoma Metro.
      300 Vine St NW, Washington, DC 20012
      View Details
    • Contact for pricing
      161,193 SF

      Northeast DC Industrial Property

      Two-story industrial building in northeast Washington DC for rent.
      6500-6527 Chillum Pl NW, Washington, DC 20012
      View Details
    • Contact for pricing
      2,229 SF

      Retail Space on Georgia Avenue

      Prime retail endcap space in a high-traffic location.
      7800-7828 Georgia Ave NW, Washington, DC 20012
      View Details
    • Contact for pricing
      11,979 SF

      Fort Totten Industrial Space

      Industrial space in Fort Totten neighborhood with 18' ceilings.
      6501-6527 Chillum Pl NW, Washington, DC 20012
      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.
    1324 Main NW Dr
    Washington, DC 20012-2841
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.