Technical
Financial
Distress signals
Property profile

1601 New York NE Ave Washington, DC 20002

OFF-MARKET
Other automotive properties
Property ID
US16-0209017
1,363 SF 0.23 ac lot Built 1955
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of an operating gas station situated on approximately 0.23 acres, with adjacent parcels contributing additional area of approximately 1.49 acres for a combined total of about 1.72 acres. The site has direct access and frontage along New York Ave NE and is positioned along a roadway with an average daily traffic count reported at 71,070 vehicles. The zoning classification is PDR-2. The property is located in close proximity to the New City development.

Property profile

Verified
Property type Other automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1955
Construction BRICK
Total area 1,363 SF
Lot 0.23 ac (10,000 SF)
Zoning code PDR-2
APN PAR 0153 0144
UPID US16-0209017

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
  • Gas Station
  • Currency Exchange Service Atm

Location

1601 New York NE Ave Washington, DC 20002-1725
Washington metro Census 8803 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2014
5 recorded transactions
2014
$2.7M
2008
Price N/A
2007
$1.5M
2004
$950,000
2004
$470,000

Zoning & alternative use

PDR-2 · Washington, DC
Zoning description

This zone is intended to permit medium-density commercial and PDR activities employing a large workforce and requiring some heavy machinery under controls that minimize any adverse impacts on adjacent, more restrictive z…

General category COMMERCIAL

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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