Property profile

1501 K NW St Washington, DC 20005

OFF-MARKET
Office buildings
Property ID
US16-0118845
502,963 SF 0.84 ac lot Built 1923
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of two contiguous commercial spaces in a downtown office building, including a 2,768-square-foot corner space that was formerly used as a Cosi restaurant and a 7,573-square-foot former restaurant space with full ventilation and visibility along 15th St NW. The location is across from McPherson Square and is within approximately one mile of The White House, with nearby Metro access at Farragut North (Red Line) and Farragut West and McPherson Square stations (Orange/Blue/Silver Lines within about a 0.2-mile walk). The building is a 416,000-square-foot Class A property.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1923
Construction TILT-UP CONCRETE
Total area 502,963 SF
Lot 0.84 ac (36,406 SF)
Zoning code D-6
APN 0198 0846
UPID US16-0118845

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Law Firm
  • Financial Advisor
  • Financial Advisor
  • Law Firm

Location

1501 K NW St Washington, DC 20005-1403
Washington metro Census 10100 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.25M

Owner & transaction history

since 2018
2 recorded transactions
2018
$385,400
2018
Price N/A

Zoning & alternative use

D-6 · Washington, DC
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 (…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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