Sign Up Successful!
You now have access to more from Realmo!
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

    1601 Connecticut NW Ave Washington, DC 20009-1035

    • Office buildings
    • 52,562 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $11,935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0109451
    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

    • Office buildings

    Property Details for 1601 Connecticut NW Ave

    Year built
    1971
    Construction
    TILT-UP CONCRETE
    Lot size
    0.15 lot acres
    Property size
    52,562 SF
    Zone code
    MU-20
    Property type
    Office buildings
    APN
    0111 0082
    APU
    1110082

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,916,000
      Market price range: $10.8M - $31.1M
      AI Estimate
      $8,466,000
      Market price range: $1.38M - $24.2M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $18,685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.044
    Latitude
    38.9114
    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
    $256,228
    $3,672,980
    $10,258,460
    $13,931,440
    -
    $3,672,980
    $10,258,460
    $13,931,440

    Comparable in this City

    • Value Estimation
      $17,145,000
      85,007 SF

      2001 Ss NW St

      OFFICE BUILDING • 85,007 SF
      2001 Ss NW St, Washington, DC 20009-1109
      View Details
    • Value Estimation
      $12,340,000
      31,200 SF

      1346 Florida NW Ave

      OFFICE BUILDING • 31,200 SF
      1346 Florida NW Ave, Washington, DC 20009-4838
      View Details
    • Value Estimation
      $4,580,000
      12,330 SF

      2100 16th NW St

      OFFICE BUILDING • 12,330 SF
      2100 16th NW St, Washington, DC 20009-6501
      View Details
    • Value Estimation
      $4,165,000
      19,778 SF

      1744 R NW St

      OFFICE BUILDING • 19,778 SF
      1744 R NW St, Washington, DC 20009-2410
      View Details
    • Value Estimation
      $14,610,000
      35,322 SF

      1630 Cres NW Pl

      OFFICE BUILDING • 35,322 SF
      1630 Cres NW Pl, Washington, DC 20009-4004
      View Details
    • Value Estimation
      $7,610,000
      17,010 SF

      2040 Ss NW St

      OFFICE BUILDING • 17,010 SF
      2040 Ss NW St, Washington, DC 20009-7124
      View Details

    Similar Nearby for Sale

    • $12,500,000

      Magnificent Georgian Revival Mansion

      Rare opportunity: grand residence or commercial mixed-use in Washington, D.C.
      2040 S St NW, Washington, DC 20009
      View Details
    • $1,899,000

      Columbia Road Office Building For Sale

      Office building for sale in Washington, D.C.
      1750 Columbia Rd NW, Washington, DC 20009
      View Details
    • New
      $2,995,000
      5,306 SF

      Luxury Residences in Columbia Heights

      Four luxury units in a sought-after NW location.
      1461 Chapin St NW, Washington, DC 20009
      View Details
    • $345,000

      Updated Co-op in Lanier Heights

      Updated 1-bedroom co-op near Columbia Heights Metro.
      1705 Lanier Pl NW 204, Washington, DC 20009
      View Details
    • $1,125,000

      Washington, DC Specialty Property

      Specialty property for sale in Washington, DC.
      2356 Champlain St NW, Washington, DC 20009
      View Details
    • $1,299,999

      Charming 1905 DC Rowhouse

      Historic Mount Pleasant rowhouse with spacious interior and parking.
      2729 Ontario Rd NW, Washington, DC 20009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,352 SF

      Dupont Circle Victorian Townhome Office

      Office space in a renovated Victorian townhome with underground parking.
      1628 16Th St NW, Washington, DC 20009
      View Details
    • $15 SF/Yr
      985 SF

      Adams Morgan Retail Condo Space

      Prime Adams Morgan Retail Opportunity
      2206 18Th St, Washington, DC 20009
      View Details
    • Contact for pricing
      5,274 SF

      Prime Florida Ave Executive Suites

      Luxury Office Space, Move-In Ready
      2031 Florida Ave, Washington, DC 20009
      View Details
    • $6,695 /Mo

      Contemporary Loft with Natural Light

      Move-in ready loft with exposed brick, flooded with natural light.
      1638 R St Nw, Washington, DC 20009
      View Details
    • $55 SF/Yr
      20,000 SF

      Connecticut Avenue Office/Retail Space

      1,700 SF office/retail space available for lease.
      1710 Connecticut Ave NW, Washington, DC 20009
      View Details
    • $45 SF/Yr
      18,915 SF

      Prime Office Space Available

      Office space for lease in a desirable location.
      1801-1807 18Th St NW, Washington, DC 20009
      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.
    1601 Connecticut NW Ave
    Washington, DC 20009-1035
    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.