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Property profile & analytics
OFF-MARKET
Retail space
1426 L NW St Washington, DC 20005-3503
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US16-0056687
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Construction
BRICK
Total area
1,869 SF
Lot
0.03 ac (1,493 SF)
Zoning code
D-6
APN
0216 0036
UPID
US16-0056687
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
Current use
Occupant on record · Public records
-
Vortex Night Club Bar & Pub Nightclub
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
Magnesium LLC
Magnesium LLC
1 recorded transaction
Zoning & alternative use
D-6 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
AND OBJECTIVE (D-5-R) 547 DENSITY - FLOOR AREA RATIO (FAR) (D-5-R) 548 HEIGHT (D-5-R) 549 FRONT BUILD-TO (D-5-R) 550 FRONT SETBACK (D-5-R) 551 COURT (D-5-R) 552 USES (D-5-R) 553 DESIGN (D-5-R) 554 PURPOSE AND OBJECTIVE (D-6) 555 DENSITY - FLOOR AREA RATIO (FAR) (D-6) 556 HEIGHT (D-6) 557 FRONT BUILD-TO (D-6) 558 FRONT SETBACK (D-6) 559 USES (D-6) 560 DESIGN…
Zone name
Downtown
General category
MIXED_USE
Zone area
209.77 ac
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
$26,521
Tax year 2023
Assessed value
$1,607,310
Assessed 2023
Previous assessed
$1,607,310
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$364,930
Assessed improvement
$1,242,380
Land market value
$364,930
Improvement market value
$1,242,380
Total market value
$1,607,310
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1890
Construction
BRICK
Heating
NONE
Stories
3
Total area
1,869 SF
Lot
0.03 ac (1,493 SF)
Zoning code
D-6
APN
0216 0036
UPID
US16-0056687
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
D-6 · Washington, DCZoning 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
Zoning description
AND OBJECTIVE (D-5-R) 547 DENSITY - FLOOR AREA RATIO (FAR) (D-5-R) 548 HEIGHT (D-5-R) 549 FRONT BUILD-TO (D-5-R) 550 FRONT SETBACK (D-5-R) 551 COURT (D-5-R) 552 USES (D-5-R) 553 DESIGN (D-5-R) 554 PURPOSE AND OBJECTIVE (D-6) 555 DENSITY - FLOOR AREA RATIO (FAR) (D-6) 556 HEIGHT (D-6) 557 FRONT BUILD-TO (D-6) 558 FRONT SETBACK (D-6) 559 USES (D-6) 560 DESIGN (D-6) 561 PURPOSE AND OBJECTIVE (D-6-R) 562 DENSITY - FLOOR AREA RATIO (FAR) (D-6-R
Zone name
Downtown
General category
MIXED_USE
Zone area
209.77 ac
Building & site characteristics
From public records
Year built
1890
Construction
BRICK
Heating
NONE
Stories
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
Magnesium LLC
Entity
Mailing address
1627 K ST NWLL, WASHINGTON, DC 20006-1702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Magnesium LLC
—
Deed Of Trust
related
$3,000,000 · Cardinal Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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