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Property profile & analytics
OFF-MARKET
Estimated value
$6,600,000
Hotels
1475 Massachusetts NW Ave Washington, DC 20005-2806
Entity Owned
16-yr Hold
Free & Clear
Property ID
US16-0122766
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Construction
TILT-UP CONCRETE
Total area
154,697 SF
Lot
0.62 ac (26,848 SF)
Zoning code
D-2
APN
0212 0851
UPID
US16-0122766
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
$6.60M
Owner & transaction history
Rlj III-hs Washington Dc LLC · 16 yrs held
Rlj III-hs Washington Dc LLC
since 2010
7 recorded transactions
Zoning & alternative use
D-2 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CTION 501 PURPOSE AND OBJECTIVE (D-1-R) 502 DENSITY - FLOOR AREA RATIO (FAR) (D-1-R) 503 HEIGHT (D-1-R) 504 FRONT BUILD-TO (D-1-R) 505 FRONT SETBACK (D-1-R) 506 USES (D-1-R) 507 DESIGN (D-1-R) 508 PURPOSE AND OBJECTIVE (D-2) 509 DENSITY - FLOOR AREA RATIO (FAR) (D-2) 510 HEIGHT (D-2) 511 FRONT BUILD-TO (D-2) 512 FRONT SETBACK (D-2) 513 USES (D-2) 514 DESIGN…
Zone name
Downtown
General category
COMMERCIAL
Zone area
90.37 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
$43 / 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
$800,143
Tax year 2023
Assessed value
$42,715,100
Assessed 2023
Previous assessed
$42,715,100
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$9,161,070
Assessed improvement
$33,554,030
Land market value
$9,161,070
Improvement market value
$33,554,030
Total market value
$42,715,100
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
8
Total area
154,697 SF
Lot
0.62 ac (26,848 SF)
Zoning code
D-2
APN
0212 0851
UPID
US16-0122766
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
D-2 · Washington, DCZoning D-2 · permitted uses
D-2 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CTION 501 PURPOSE AND OBJECTIVE (D-1-R) 502 DENSITY - FLOOR AREA RATIO (FAR) (D-1-R) 503 HEIGHT (D-1-R) 504 FRONT BUILD-TO (D-1-R) 505 FRONT SETBACK (D-1-R) 506 USES (D-1-R) 507 DESIGN (D-1-R) 508 PURPOSE AND OBJECTIVE (D-2) 509 DENSITY - FLOOR AREA RATIO (FAR) (D-2) 510 HEIGHT (D-2) 511 FRONT BUILD-TO (D-2) 512 FRONT SETBACK (D-2) 513 USES (D-2) 514 DESIGN (D-2) 515 PURPOSE AND OBJECTIVE (D-3) 516 DENSITY - FLOOR AREA RATIO (FAR) (D-3) 51
Zone name
Downtown
General category
COMMERCIAL
Zone area
90.37 ac
Building & site characteristics
From public records
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
8
Lot
0.62 ac
Current owner
From public records · entity-resolved
Rlj III-hs Washington Dc LLC
Entity
Free & Clear · 16 yrs held
Mailing address
3 BETHESDA METRO CTR STE #1000, BETHESDA, MD 20814-6347
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2018
—
Rlj III-hs Washington Dc LLC
—
Deed
related
$33,000,000 · Wfb NA
Oct 13, 2010
—
Rlj III-hs Washington Dc LLC
—
Deed Of Trust
related
$31,000,000 · Wells Fargo Bank
Jul 6, 2010
$56,900,000
Rlj III-hs Washington Dc LLC
Hfp Hotel Owner I LLC
Grant Deed
—
Feb 5, 2007
$50,000,000
Hfp Hotel Owner I LLC
Rlj Washington Hotel LLC
Special Warranty Deed
—
Feb 3, 2005
—
Rlj Washington Hotel LLC
—
Deed Of Trust
related
$100,000,000 · Wells Fargo Bank
—
—
Hpf Hotel Owner I LLC
—
Deed Of Trust
related
$151,000,000 · Banco Bilbao Vizcaya Argentari
—
—
Rlj III-hs Washington Dc LLC
—
Loan Modification
related
$32,670,000 · Wells Fargo Bk
—
—
Rlj III-hs Washington Dc LLC
—
Deed Of Trust
related
$33,000,000 · Wells Fargo Bk
—
—
Rlj III-hs Washington Dc LLC
—
Loan Modification
related
$33,000,000 · Wfb 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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