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

    1412 I NW St Washington, DC 20005-2205

    • Office buildings
    • 15,280 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Jul 12, 2022
    $8,231,125
    Value Estimations
    $7,110,000
    Show details
    Cap Rate Potential
    8%
    Office buildings
    Location Intelligence
    Property ID
    US16-0133577
    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

    • Office buildings

    Property Details for 1412 I NW St

    Year built
    1906
    Construction
    BRICK
    Lot size
    0.09 lot acres
    Property size
    15,280 SF
    Zone code
    D-6
    Property type
    Office buildings
    APN
    0220 0806
    APU
    2200806

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,440,000
      ML approach
      $6,805,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,625,000
      6.5%
      $7,960,000
      7%
      $7,395,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,992,000
      Market price range: $2.44M - $9.83M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,040,000
      Current use
      RESTAURANT
      $9,625,000
      Change: +59% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $6,655,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $5,200,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0328
    Latitude
    38.9009
    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
    $101,751
    $2,542,320
    $2,612,390
    $5,154,710
    -
    $2,542,320
    $2,612,390
    $5,154,710

    Comparable in this City

    • Value Estimation by Request

      15th NW St

      OFFICE BUILDING
      15th NW St, Washington, DC 20005
      View Details
    • Value Estimation
      $18,180,000
      95,673 SF

      1330 G NW St

      OFFICE BUILDING • 95,673 SF
      1330 G NW St, Washington, DC 20005-3004
      View Details
    • Value Estimation
      $2,995,000
      207,592 SF

      1105 15th NW St

      OFFICE BUILDING • 207,592 SF
      1105 15th NW St, Washington, DC 20005-5003
      View Details
    • Value Estimation by Request
      164,340 SF

      875 15th NW St

      OFFICE BUILDING • 164,340 SF
      875 15th NW St, Washington, DC 20005-2221
      View Details
    • Value Estimation
      $31,995,000
      171,359 SF

      1025 Vermont NW Ave

      OFFICE BUILDING • 171,359 SF
      1025 Vermont NW Ave, Washington, DC 20005-3516
      View Details
    • Value Estimation
      $20,465,000
      96,839 SF

      1550 M NW St

      OFFICE BUILDING • 96,839 SF
      1550 M NW St, Washington, DC 20005-1703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,400 SF

      Washington DC Office Opportunity

      Nonprofit/embassy ownership opportunity near Dupont Metro station.
      1516 P St NW, Washington, DC 20005
      View Details
    • Contact for pricing
      6,508 SF

      Column-Free Office Space on K Street

      Shell condition office space with expansive K Street views.
      1430 K St NW, Washington, DC 20005
      View Details
    • Contact for pricing
      47,889 SF

      Mixed-Use Asset Redevelopment Potential

      Mixed-use asset with redevelopment potential in Washington, DC's U St Corridor.
      1931 13Th St NW, Washington, DC 20005
      View Details
    • $1,399,900
      1,595 SF

      Prime DC Office Space: 19 Rooms!

      Spacious 1,595 sq ft office, 19 rooms, prime location.
      1420 St Nw Unit T3, Washington, DC 20005
      View Details
    • $2,199,000

      Land For Sale

      Land available for sale.
      1406 12Th St NW, Washington, DC 20005
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for sale in Washington, DC.
      1409 H St Ne, Washington, DC 20005
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,847 SF

      Office Building with Rooftop Deck

      176,000 SF office building with fitness center and parking.
      1331 L St NW, Washington, DC 20005
      View Details
    • Contact for pricing
      7,285 SF

      Prominent Office Building for Lease

      11-story office building with a dramatic design.
      1250 H St NW, Washington, DC 20005
      View Details
    • Contact for pricing
      17,428 SF

      Prestigious Office Space in Washington

      Visually striking office building in downtown Washington available for rent.
      1310 G St NW, Washington, DC 20005
      View Details
    • Contact for pricing
      18,872 SF

      Office Space in Washington, DC

      Office building with 18,872 square feet available for lease.
      1575 I St NW, Washington, DC 20005
      View Details
    • $39 SF/Yr
      5,799 SF

      Historic Office Building For Rent

      Prestigious, renovated historic office building with modern amenities and abundant light.
      1424 K St NW, Washington, DC 20005
      View Details
    • Contact for pricing

      Luxury Office Building Near Metro

      Office building with fitness center, catering kitchen, and conference rooms.
      Washington, DC 20005
      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.
    1412 I NW St
    Washington, DC 20005-2205
    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.