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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Medical Office Space
1380 Southern SE Ave Washington, DC 20032-4623
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US16-0078493
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1982
Construction
BRICK
Total area
50,570 SF
Lot
4.63 ac (201,625 SF)
Zoning code
RA-1
APN
5919 0002
UPID
US16-0078493
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
1380 Southern Avenue Re LLC A Delaw · 8 yrs held
1380 Southern Avenue Re LLC A Delaw
since 2018
7 recorded transactions
Zoning & alternative use
RA-1 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
UPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 SPECIAL EXCEPTION FOR PUBLIC LIBRARIES AND PUBLIC RECREATION AND COMMUNITY CENTERS 212 Source Note CHAPTER 3 NAVAL OBSERVATORY RESIDENTIAL APARTMENT ZONE - RA 1/NO 300 PURPOSE AND INTENT 301 HEIGHT 302 PENTHOUSE AND ROOFTOP STRUCTURE 303 PLANNED UNIT DEVELOPMENT 304 SPECIAL EXCEPTION REVIEW CRIT…
Zone name
Residential Apartment
General category
CIVIC_INSTITUTIONAL
Zone area
4,028.07 ac
Top alternative use upside
Neighborhood: shopping center
$2.6M
+29.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,985,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,565,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$31 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$363,992
Tax year 2023
Assessed value
$17,654,320
Assessed 2023
Previous assessed
$17,654,320
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$12,097,500
Assessed improvement
$5,556,820
Land market value
$12,097,500
Improvement market value
$5,556,820
Total market value
$17,654,320
Applied tax rate
2.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Total area
50,570 SF
Lot
4.63 ac (201,625 SF)
Zoning code
RA-1
APN
5919 0002
UPID
US16-0078493
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA-1 · Washington, DCZoning RA-1 · permitted uses
RA-1 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
UPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 SPECIAL EXCEPTION FOR PUBLIC LIBRARIES AND PUBLIC RECREATION AND COMMUNITY CENTERS 212 Source Note CHAPTER 3 NAVAL OBSERVATORY RESIDENTIAL APARTMENT ZONE - RA 1/NO 300 PURPOSE AND INTENT 301 HEIGHT 302 PENTHOUSE AND ROOFTOP STRUCTURE 303 PLANNED UNIT DEVELOPMENT 304 SPECIAL EXCEPTION REVIEW CRITERIA CHAPTER 4 CAPITOL INTEREST RESIDENTIAL APARTMENT ZONE - RA-2/CAP 400 PURPOSE AN
Zone name
Residential Apartment
General category
CIVIC_INSTITUTIONAL
Zone area
4,028.07 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
4.63 ac
Current owner
From public records · entity-resolved
1380 Southern Avenue Re LLC A Delaw
Entity
Mailing address
2071 FLATBUSH AVE STE #22, BROOKLYN, NY 11234-4340
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2021
—
1380 Southern Avenue Re LLC
—
Deed
related
$29,520,000 · Housing & Healthcare Fin
Feb 12, 2018
$23,930,000
1380 Southern Avenue Re LLC A Delaw
Brinton Woods Senior Living IV LLC
Special Warranty Deed
$22,935,000 · Bokf NA
Feb 13, 2017
—
Brinton Woods Senior Living IV LLC
—
Deed
related
$10,651,000 · Capital Funding LLC
Jan 8, 2015
$7,900,000
Brinton Woods Senior Living IV
Carolyn Boone Lewis Health Car
Trustees Deed
$10,276,466 · Capital Fndg
Jun 7, 2007
—
Carolyn Boone Lewis Health Car
Carolyn Boone Lewis Health Car
Quit Claim Deed
related
—
Dec 30, 2004
—
Health Care Institute INC
Greater Southeast Management Co
Quit Claim Deed
related
$2,250,000 · Adams National Bank
—
—
1380 Southern Avenue Re LLC
—
Deed Of Trust
related
$29,520,000 · Housing & Healthcare Fin
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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