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Property profile & analytics
FOR LEASE
Office buildings
1628 16Th St NW Washington, DC 20009
Entity Owned
Free & Clear
Property ID
US16-0157797
For Lease
1 / 2
$8,945,000
1628 16Th St NW, Washington, DC 20009
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
TILT-UP CONCRETE
Total area
19,589 SF
Lot
0.27 ac (11,723 SF)
Zoning code
RA-9
APN
0179 0824
UPID
US16-0157797
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
$9.14M
Comparable Approach
Comparable
$11.00M
Blend (final)
Blend
$8.95M
Owner & transaction history
D C BAPTIST CONVENTION & D C BAPTIST CONVENTION FO
D C BAPTIST CONVENTION & D C BAPTIST CONVENTION FO
Zoning & alternative use
RA-9 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.3M
+57.0%
Commercial (general)
$8.5M
+8.6%
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%
$9,900,000
6.5%
$9,140,000
7%
$8,485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,860,000
Current use
RESTAURANT
$12,340,000
Change: +57% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,535,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,645,000
Change: -3% · Conversion: Easy
RETAIL STORES
$6,965,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$8.95M
Range $8.05M – $9.84M · ±10%
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
$457 / 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
$62,788
Tax year 2023
Assessed value
$11,011,390
Assessed 2023
Previous assessed
$11,011,390
+0.0% YoY
Effective rate
0.57%
On assessed value
Assessed land
$6,366,180
Assessed improvement
$4,645,210
Land market value
$6,366,180
Improvement market value
$4,645,210
Total market value
$11,011,390
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
5
Total area
19,589 SF
Lot
0.27 ac (11,723 SF)
Zoning code
RA-9
APN
0179 0824
UPID
US16-0157797
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA-9 · Washington, DC
Zoning RA-9 · permitted uses
RA-9 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.9M
RESTAURANT
Est. value
$12.3M
COMMERCIAL (GENERAL)
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
RETAIL STORES
Est. value
$7.0M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
5
Lot
0.27 ac
Current owner
From public records · entity-resolved
D C BAPTIST CONVENTION & D C BAPTIST CONVENTION FO
Individual
Free & Clear · 0 yrs held
Mailing address
1628 16TH ST NW, WASHINGTON, DC 20009-3064
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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