Back to Search
Property profile & analytics
OFF-MARKET
Retail space
1406 P NW St Washington, DC 20005-1998
Trust Owned
7-yr Hold
Free & Clear
Property ID
US16-0147478
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1908
Construction
BRICK
Total area
2,987 SF
Lot
0.02 ac (794 SF)
Zoning code
ARTS-3
APN
0210 0821
UPID
US16-0147478
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
by Request
Owner & transaction history
Richman,joseph H Living Trust · 7 yrs held
Richman,joseph H Living Trust
since 2019
3 recorded transactions
Zoning & alternative use
ARTS-3 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is intended to permit medium-density, mixed-use development, with a focus on employment
Zone name
Mixed Use Uptown Arts
General category
MIXED_USE
Zone area
43.44 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,182
Tax year 2023
Assessed value
$735,460
Assessed 2023
Previous assessed
$735,460
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$394,760
Assessed improvement
$340,700
Land market value
$394,760
Improvement market value
$340,700
Total market value
$735,460
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1908
Construction
BRICK
Heating
NONE
Stories
3
Total area
2,987 SF
Lot
0.02 ac (794 SF)
Zoning code
ARTS-3
APN
0210 0821
UPID
US16-0147478
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
ARTS-3 · Washington, DCZoning ARTS-3 · permitted uses
ARTS-3 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is intended to permit medium-density, mixed-use development, with a focus on employment
Zone name
Mixed Use Uptown Arts
General category
MIXED_USE
Zone area
43.44 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1908
Construction
BRICK
Heating
NONE
Stories
3
Lot
0.02 ac
Current owner
From public records · entity-resolved
Richman,joseph H Living Trust
Trust
Free & Clear · 7 yrs held
Mailing address
6901 4TH ST NW, WASHINGTON, DC 20012-1967
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2019
—
Richman,joseph H Living Trust
Richman,joseph H
Correction Deed
related
—
Mar 12, 2019
—
Richman,joseph H Living Trust
Richman,joseph H
Quit Claim Deed
related
—
Aug 5, 2009
—
Joseph H Richman
Richman,aaron O
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1406 P NW St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
