Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1641 17th NW St Washington, DC 20009

    • Turn key restaurants
    • 6,447 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    May 05, 2021
    $2,600,000
    Value Estimations
    $2,430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0029912
    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

    • Turn key restaurants

    Property Details for 1641 17th NW St

    Year built
    1926
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    6,447 SF
    Zone code
    MU-18
    Property type
    Turn key restaurants
    APN
    0179 0027
    APU
    1790027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,400,000
      ML approach
      $2,440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,899,000
      Market price range: $2.34M - $5.49M

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0383
    Latitude
    38.9124
    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
    $39,173
    $1,544,160
    $612,390
    $2,156,550
    -
    $1,544,160
    $612,390
    $2,156,550

    Comparable in this City

    • Value Estimation
      $355,000
      1,248 SF

      2315 18th NW St

      RESTAURANT • 1,248 SF
      2315 18th NW St, Washington, DC 20009-1814
      View Details
    • Value Estimation
      $305,000
      4,519 SF

      2009 18th NW St

      RESTAURANT • 4,519 SF
      2009 18th NW St, Washington, DC 20009-1805
      View Details
    • Value Estimation
      $370,000
      3,230 SF

      2435 18th NW St

      RESTAURANT • 3,230 SF
      2435 18th NW St, Washington, DC 20009-2044
      View Details
    • Value Estimation
      $505,000
      4,060 SF

      1835 18th NW St

      RESTAURANT • 4,060 SF
      1835 18th NW St, Washington, DC 20009-5526
      View Details
    • Value Estimation
      $410,000
      6,454 SF

      1910 14th NW St, Unit 2

      RESTAURANT • 6,454 SF
      1910 14th NW St, Washington, DC 20009-4490
      View Details
    • Value Estimation
      $440,000
      3,232 SF

      1208 U NW St

      RESTAURANT • 3,232 SF
      1208 U NW St, Washington, DC 20009-4443
      View Details

    Similar Nearby for Sale

    • $195,000

      Profitable Restaurant in Adams Morgan

      Profitable restaurant for sale in high-traffic DC location.
      2431 18Th St NW, Washington, DC 20009
      View Details
    • $12,000,000

      Restaurant and Land For Sale

      Restaurant and land for sale, including all equipment and furniture.
      2009 18Th St Nw, Washington, DC 20009
      View Details
    • $7,399,000

      Dupont Circle Mixed-Use Hospitality Building

      Mixed-use hospitality and retail building in Washington, DC's Dupont Circle.
      1800 Connecticut Ave NW, Washington, DC 20009
      View Details
    • $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
    • $1,585,000
      2,811 SF

      Adams Morgan Mixed-Use Investment

      Fully leased mixed-use property in historic Adams Morgan.
      1787 Columbia Rd NW, Washington, DC 20009
      View Details
    • $1,900,000
      2,716 SF

      Renovated Retail Building in Washington

      Renovated 2,716 SF retail building in vibrant 14th Street Corridor.
      1346 T St NW, Washington, DC 20009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      756 SF

      Turn-Key Restaurant Space in Dupont

      Restaurant space in busy Dupont Circle, completed in 2021.
      1647 20Th St NW, Washington, DC 20009
      View Details
    • $6,250 /Mo

      Former Restaurant Space Available

      Turnkey restaurant space with hood and vent system in place.
      1406 Florida Ave NW, Washington, DC 20009
      View Details
    • Contact for pricing
      3,513 SF

      Vented Retail Space on 14th

      Rare vented retail opportunity with patio on 14th Street.
      1315 W St NW, Washington, DC 20009
      View Details
    • Contact for pricing
      3,103 SF

      Prime DC Retail Space Available

      Four Suites, 616-3103 sqft, Washington DC
      2222 18Th St, Washington, DC 20009
      View Details
    • Contact for pricing
      961 SF

      U Street NW Retail Space

      Prime U Street location, 961 SF, ARTS-1 Zoning
      1342 U St, Washington, DC 20009
      View Details
    • $1,750,000
      8,712 SF

      Prime Retail Space in DC

      Former market space ideal for grocery, food service, or retail.
      2001 S 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.
    1641 17th NW St
    Washington, DC 20009
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.