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Property profile & analytics
FOR SALE
Retail space
1429 Good Hope Rd SE Washington, DC 20020
Entity Owned
1-yr Hold
Free & Clear
Property ID
US16-0058173
For Sale
$800,000
1429 Good Hope Rd SE, Washington, DC 20020
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1931
Construction
BRICK
Total area
3,600 SF
Lot
0.07 ac (3,120 SF)
Zoning code
MU-4
APN
5767 0313
UPID
US16-0058173
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
$1.05M
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.05M
Owner & transaction history
Nya Health Services INC · 1 yrs held
Nya Health Services INC
since 2024
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
MU-4 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP, MU-4/CAP, MU-4/CHC, AND MU-4/CAP/CHC 400 PURPOSE AND INTENT 401 DENSITY 402 HEIGHT 403 PENTHOUSE AND ROOFTOP STRUCTURE 404 SPECIAL EXCEPTION…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
778.69 ac
Top alternative use upside
Commercial (general)
$1.6M
+28.0%
Office building
$1.4M
+17.9%
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
$1,045,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,225,000
Current use
COMMERCIAL (GENERAL)
$1,570,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$1,445,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$1,130,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.05M (Oct 31 2024)
Last sale anchor
$1.05M
Oct 31 2024
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
$290 / 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
$12,759
Tax year 2023
Assessed value
$646,150
Assessed 2023
Previous assessed
$646,150
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$187,480
Assessed improvement
$458,670
Land market value
$187,480
Improvement market value
$458,670
Total market value
$646,150
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
For Sale
Year built
1931
Construction
BRICK
Heating
NONE
Stories
2
Units
2
Total area
3,600 SF
Lot
0.07 ac (3,120 SF)
Zoning code
MU-4
APN
5767 0313
UPID
US16-0058173
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-4 · Washington, DCZoning MU-4 · permitted uses
MU-4 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP, MU-4/CAP, MU-4/CHC, AND MU-4/CAP/CHC 400 PURPOSE AND INTENT 401 DENSITY 402 HEIGHT 403 PENTHOUSE AND ROOFTOP STRUCTURE 404 SPECIAL EXCEPTION REVIEW CRITIERA CHAPTER 5 NAVAL OBSERVATORY MIXED-USE ZONE - MU-4/NO 500 PURPOSE AN
Zone name
Mixed Use
General category
MIXED_USE
Zone area
778.69 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1931
Construction
BRICK
Heating
NONE
Stories
2
Units
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Nya Health Services INC
Entity
Free & Clear · 1 yrs held
Mailing address
2511 N CAPITOL ST NE, WASHINGTON, DC 20002-1014
Ownership since
2024
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
Oct 31, 2024
$1,046,000
Nya Health Services INC
1429 Good Hope Road LLC
Deed
—
Oct 9, 2015
$635,000
1429 Good Hope Road LLC
John Arthur Brown
Special Warranty Deed
—
—
—
John A Brown
—
Deed Of Trust
related
$485,000 · Harbor Bank Of Maryland
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?”
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