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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Hotels
1440 Rhode Is NW Ave Washington, DC 20005-5401
Entity Owned
16-yr Hold
Free & Clear
Property ID
US16-0069872
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1957
Construction
BRICK
Total area
23,720 SF
Lot
0.16 ac (7,082 SF)
Zoning code
RA-5
APN
0211 0052
UPID
US16-0069872
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
$1.12M
Owner & transaction history
Cherry Blossom Hospitality LLC · 16 yrs held
Cherry Blossom Hospitality LLC
since 2010
2 recorded transactions
Zoning & alternative use
RA-5 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
SIDENTIAL APARTMENT ZONE - RA-2/CAP 400 PURPOSE AND INTENT 401 HEIGHT 402 PENTHOUSE AND ROOFTOP STRUCTURE 403 SPECIAL EXCEPTION REVIEW CRITERIA CHAPTER 5 DUPONT CIRCLE RESIDENTIAL APARTMENT ZONES - RA-2/DC, RA-4/DC, AND RA-5/DC 500 PURPOSE AND INTENT 501 MISCELLANEOUS 502 PLANNED UNIT DEVELOPMENT CHAPTER 6 REED-COOKE RESIDENTIAL APARTMENT ZONE - RA-2/RC 600…
Zone name
Residential Apartment
General category
CIVIC_INSTITUTIONAL
Zone area
72.89 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
$47 / 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
$108,296
Tax year 2023
Assessed value
$6,007,540
Assessed 2023
Previous assessed
$6,007,540
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$3,891,300
Assessed improvement
$2,116,240
Land market value
$3,891,300
Improvement market value
$2,116,240
Total market value
$6,007,540
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1957
Construction
BRICK
Heating
NONE
Stories
4
Units
6
Total area
23,720 SF
Lot
0.16 ac (7,082 SF)
Zoning code
RA-5
APN
0211 0052
UPID
US16-0069872
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA-5 · Washington, DCZoning RA-5 · permitted uses
RA-5 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
SIDENTIAL APARTMENT ZONE - RA-2/CAP 400 PURPOSE AND INTENT 401 HEIGHT 402 PENTHOUSE AND ROOFTOP STRUCTURE 403 SPECIAL EXCEPTION REVIEW CRITERIA CHAPTER 5 DUPONT CIRCLE RESIDENTIAL APARTMENT ZONES - RA-2/DC, RA-4/DC, AND RA-5/DC 500 PURPOSE AND INTENT 501 MISCELLANEOUS 502 PLANNED UNIT DEVELOPMENT CHAPTER 6 REED-COOKE RESIDENTIAL APARTMENT ZONE - RA-2/RC 600 PURPOSE AND INTENT 601 MISCELLANEOUS 602 HEIGHT 603 PENTHOUSE AND ROOFTOP STRUCTURE
Zone name
Residential Apartment
General category
CIVIC_INSTITUTIONAL
Zone area
72.89 ac
Building & site characteristics
From public records
Year built
1957
Construction
BRICK
Heating
NONE
Stories
4
Units
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
Cherry Blossom Hospitality LLC
Entity
Free & Clear · 16 yrs held
Mailing address
1842 16TH ST NW, WASHINGTON, DC 20009-3316
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2010
$7,449,500
Cherry Blossom Hospitality LLC
Braxton Hotel & Condo LLC
Grant Deed
—
—
—
Braxton Hotel & Condo LLC
—
Deed Of Trust
related
$4,400,000 · Pnc 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.
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