1338 Capitol NW St Washington, DC 20002-3337
Entity Owned
2-yr Hold
~
Est. High Equity
Estimated value (blended)
$3.18M
Range $2.86M – $3.50M (±10%)
Implied cap rate
3.90%
In-place · NOI ÷ last sale
Property ID
US16-0043845
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
BRICK
Total area
6,863 SF
Lot
0.05 ac (2,200 SF)
Zoning code
MU-4
APN
0617 0103
UPID
US16-0043845
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
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$3.18M
Owner & transaction history
since 2023
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
MU-4 · Washington, DC
Zoning description
/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP,…
General category
MIXED_USE
Top alternative use upside
Restaurant
$4.3M
+52.8%
Apartment house (5+ units)
$3.2M
+14.2%
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
5 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
$3.18M
Value range
$2.86M – $3.50M
±10% around blend
Estimated value / SF
$463 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$2.86M
blend $3.18M
$3.50M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,863 SF
Lot area
0.05 ac
Year built
1900
Stories
4
APN
0617 0103
Assessed value
$2,331,060
Annual tax
$38,548
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.18M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.0 mi away · 4,836 SF
3.5 mi away · 7,743 SF
6.3 mi away · 4,910 SF
10.1 mi away · 6,836 SF
10.2 mi away · 5,168 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$412
+12%
Submarket 166 sales
$436
+6%
County 166 sales
$436
+6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $463/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+53%
vs current-use indication
Apartment House (5+ Units)
Commercial (general) · current use
Office Building
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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.
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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
3.90%
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 · 3.90%
9.0%
NOI (est.)
$238k *
Last sale · Sep 2023
$3.40M
* 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$6.10M
Move the market yield to see immediate price impact.
Value / SF
$889
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
3.40%3.90%4.40%
$214k
$6.30M
$5.49M
$4.87M
$238k
$7.00M
$6.10M
$5.41M
$262k
$7.70M
$6.71M
$5.95M
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
1.3 mi · Oct 2025 · $746/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$38,548
Tax year 2023
Assessed value
$2,331,060
Assessed 2023
Previous assessed
$2,331,060
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$516,960
Assessed improvement
$1,814,100
Land market value
$516,960
Improvement market value
$1,814,100
Total market value
$2,331,060
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
Off-Market
Year built
1900
Construction
BRICK
Heating
NONE
Stories
4
Units
8
Total area
6,863 SF
Lot
0.05 ac (2,200 SF)
Zoning code
MU-4
APN
0617 0103
UPID
US16-0043845
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-4 · Washington, DCZoning MU-4 · permitted uses
MU-4 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP,…
General category
MIXED_USE
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
1900
Construction
BRICK
Heating
NONE
Stories
4
Units
8
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MU-4
MIXED_USE
Jurisdiction
Washington, DC
Recorded code
MU-4
Official district
MU-4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU-4 in Washington, DC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
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.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
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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