Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1515 Rhode Is NW Ave Washington, DC 20005-5504

    • Hotels
    • 183,223 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    $18,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0059703
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 1515 Rhode Is NW Ave

    Year built
    1960
    Construction
    BRICK
    Lot size
    0.55 lot acres
    Property size
    183,223 SF
    Zone code
    RA-10
    Property type
    Hotels
    APN
    0195 0149
    APU
    1950149

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $19,580,000
      6.5%
      $18,075,000
      7%
      $16,785,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0356
    Latitude
    38.908
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $735,023
    $8,234,120
    $26,704,530
    $34,938,650
    -
    $8,234,120
    $26,704,530
    $34,938,650

    Comparable in this City

    • Value Estimation by Request
      287,557 SF

      1177 15th NW St

      HOTEL • 287,557 SF
      1177 15th NW St, Washington, DC 20005-2701
      View Details
    • Value Estimation
      $5,315,000
      125,764 SF

      1430 Rhode Is NW Ave

      HOTEL • 125,764 SF
      1430 Rhode Is NW Ave, Washington, DC 20005-5401
      View Details
    • Value Estimation
      $6,075,000
      143,175 SF

      1501 Rhode Is NW Ave

      HOTEL • 143,175 SF
      1501 Rhode Is NW Ave, Washington, DC 20005-5504
      View Details
    • Value Estimation
      $5,915,000
      140,537 SF

      1213 K NW St

      HOTEL • 140,537 SF
      1213 K NW St, Washington, DC 20005-4011
      View Details
    • Value Estimation
      $5,035,000
      112,867 SF

      1155 14th NW St

      HOTEL • 112,867 SF
      1155 14th NW St, Washington, DC 20005-4111
      View Details
    • Value Estimation
      $2,110,000
      45,405 SF

      1201 13th NW St

      HOTEL • 45,405 SF
      1201 13th NW St, Washington, DC 20005-5110
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Specialty Property For Sale

      Specialty property available for purchase.
      1202 P St NW, Washington, DC 20005
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for sale in Washington, DC.
      1409 H St Ne, Washington, DC 20005
      View Details
    • $2,199,000

      Land For Sale

      Land available for sale.
      1406 12Th St NW, Washington, DC 20005
      View Details
    • Contact for pricing
      16,400 SF

      Washington DC Office Opportunity

      Nonprofit/embassy ownership opportunity near Dupont Metro station.
      1516 P St NW, Washington, DC 20005
      View Details
    • Contact for pricing
      6,508 SF

      Column-Free Office Space on K Street

      Shell condition office space with expansive K Street views.
      1430 K St NW, Washington, DC 20005
      View Details
    • $699,990
      1,117 SF

      Logan Circle Ground-Floor Condo

      Two-bedroom condo in Logan Circle with private patio.
      1300 13Th St NW, Washington, DC 20005
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,850 SF

      Office Space in Washington, DC

      5,850 SF office space available for rent.
      1101 Vermont Ave NW, Washington, DC 20005
      View Details
    • Contact for pricing
      5,773 SF

      Office Space in Continental Building

      Office space for lease in downtown Washington, D.C.
      1012 14Th St NW, Washington, DC 20005
      View Details
    • Contact for pricing

      Spaces DC Washington - 1015 15th Street

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      1015 15Th St, Washington, DC 20005
      View Details
    • $9,900 /Mo

      Prime Office Space on 14th

      3200 SF office space in vibrant 14th St NW.
      1325 14Th St Nw, Washington, DC 20005
      View Details
    • Contact for pricing
      2,209 SF

      Restaurant Space in CBD Location

      Second generation restaurant space in a great CBD location.
      1010 Vermont Ave NW, Washington, DC 20005
      View Details
    • Contact for pricing
      4,419 SF

      Office Space in Washington, DC

      Office space available for lease in Washington, D.C.
      1101 14Th St NW, Washington, DC 20005
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1515 Rhode Is NW Ave
    Washington, DC 20005-5504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!