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Property profile & analytics
OFF-MARKET
Estimated value
$19,475,000
Hotels
1615 Rhode Is NW Ave Washington, DC 20036-3205
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US16-0126983
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1963
Construction
TILT-UP CONCRETE
Total area
159,762 SF
Lot
0.27 ac (11,938 SF)
Zoning code
MU-15
APN
0182 N 0011
UPID
US16-0126983
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
$15.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.48M
Owner & transaction history
Twc Dc LLC · 1 yrs held
Twc Dc LLC
since 2024
Last sale
$26.8M
7 recorded transactions
Zoning & alternative use
MU-15 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,075,000
6.5%
$15,760,000
7%
$14,635,000
Blend value · Realmo final
$19.48M
Range $17.53M – $21.42M · ±10% · vs last sale $26.80M (May 7 2024)
Last sale anchor
$26.80M
May 7 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$122 / 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
$567,610
Tax year 2023
Assessed value
$30,273,200
Assessed 2023
Previous assessed
$30,273,200
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$11,071,780
Assessed improvement
$19,201,420
Land market value
$11,071,780
Improvement market value
$19,201,420
Total market value
$30,273,200
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
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
9
Total area
159,762 SF
Lot
0.27 ac (11,938 SF)
Zoning code
MU-15
APN
0182 N 0011
UPID
US16-0126983
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-15 · Washington, DCZoning MU-15 · permitted uses
MU-15 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
9
Lot
0.27 ac
Current owner
From public records · entity-resolved
Twc Dc LLC
Entity
Mailing address
500 W BOYLSTON ST #21, BOSTON, MA 02116-3740
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
$26,800,000
Twc Dc LLC
Dupont Circle Hotel Owner LP
Special Warranty Deed
$30,500,000 · Em Ascent 3 LLC
Apr 27, 2018
—
Dupont Circle Hotel Owner LP
—
Grant Deed
related
$5,204,898 · Wells Fargo Bk West
Mar 1, 2018
$39,795,102
Dupont Circle Hotel Owner LP
1615-lll LLC
Grant Deed
$39,795,102 · Dupont Circle Hotel Fndg LLC
Aug 3, 2007
—
1615-lll LLC
—
Deed Of Trust
related
$7,000,000 · Mony Life Insurance Co
Aug 9, 2006
—
1615-lll LLC
1615-lll
Quit Claim Deed
related
—
Aug 20, 1997
—
1615-lll LP
—
Grant Deed
related
$8,500,000 · Crestar Bank
—
—
1615-lll LLC
—
Deed Of Trust
related
$35,000,000 · Eagle Bk
—
—
1615-lll LP
—
Deed Of Trust
related
$28,000,000 · Mony Life Insurance Co
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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