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Property profile & analytics
OFF-MARKET
Estimated value
$54,330,000
Office buildings
1425 New York NW Ave, Washington, DC 20005-2108
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US16-0112437
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
TILT-UP CONCRETE
Total area
158,124 SF
Lot
0.61 ac (26,512 SF)
Zoning code
D-6
APN
0222 0027
UPID
US16-0112437
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
$53.66M
Blend (final)
Blend
$54.33M
Owner & transaction history
Ny Avenue Titleholder LLC · 4 yrs held
Ny Avenue Titleholder LLC
since 2021
Last sale
$56.0M
7 recorded transactions
Zoning & alternative use
D-6 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$68.9M
+10.2%
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
$51,675,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$62,510,000
Current use
COMMERCIAL (GENERAL)
$68,880,000
Change: +10% · Conversion: Easy
RETAIL STORES
$53,815,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$54.33M
Range $48.90M – $59.76M · ±10% · vs last sale $56.00M (Dec 14 2021)
Last sale anchor
$56.00M
Dec 14 2021
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
$344 / 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
$1,940,106
Tax year 2023
Assessed value
$55,403,850
Assessed 2023
Previous assessed
$55,403,850
+0.0% YoY
Effective rate
3.50%
On assessed value
Assessed land
$42,419,200
Assessed improvement
$12,984,650
Land market value
$42,419,200
Improvement market value
$12,984,650
Total market value
$55,403,850
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
13
Total area
158,124 SF
Lot
0.61 ac (26,512 SF)
Zoning code
D-6
APN
0222 0027
UPID
US16-0112437
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
D-6 · Washington, DC
Zoning D-6 · permitted uses
D-6 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$62.5M
COMMERCIAL (GENERAL)
Est. value
$68.9M
RETAIL STORES
Est. value
$53.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
13
Lot
0.61 ac
Current owner
From public records · entity-resolved
Ny Avenue Titleholder LLC
Entity
Mailing address
12435 PARK POTOMAC AVE, POTOMAC, MD 20854-6975
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
$56,000,000
Ny Avenue Titleholder LLC
Rpt 1425 New York Avenue LLC
Special Warranty Deed
$30,600,000 · Eaglebank
Jan 28, 2020
—
Areg Mr 1425 New York Ave Vent
Rpt 1425 Holdings LLC
Grant Deed
—
Aug 28, 2019
—
Rpt 1425 New York Avenue LLC
—
Deed
related
—
Apr 18, 2019
—
Rpt 1425 New York Avenue LLC
—
Deed
related
—
Jun 15, 2005
$48,476,520
Rpt 1425 New York Ave
Greyhound Assoc
Special Warranty Deed
—
Jun 23, 2004
—
Agl Investments 17 LP Lllp
—
Grant Deed
related
$10,000,000 · Bank One NA
—
—
Rpt 1425 New York Avenue LLC
—
Loan Modification
related
—
—
—
Rpt 1425 New York Avenue LLC
—
Loan Modification
related
—
—
—
Rpt 1425 New York Avenue LLC
—
Loan Modification
related
—
—
—
Rpt 1425 New York Avenue LLC
—
Deed Of Trust
related
$940,000 · Tpg Re Fin 11 Ltd
—
—
Rpt 1425 New York Avenue LLC
—
Deed Of Trust
related
$43,000,000 · Wells Fargo Bk Nw NA
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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