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

    1658 33rd NW St Washington, DC 20007-2749

    • Commercial real estate
    • 2,217 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0027619
    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

    • Commercial real estate

    Property Details for 1658 33rd NW St

    Year built
    1917
    Construction
    BRICK
    Lot size
    0.02 lot acres
    Property size
    2,217 SF
    Zone code
    MU-4
    Property type
    Commercial real estate
    APN
    1290 0237
    APU
    12900237

    Description

    This exceptional mixed-use property, located at 1658 33rd St NW, Washington, DC 20007, presents a compelling investment opportunity in the heart of Georgetown. The 2,924 square foot building, constructed in 1917 and renovated in 2011, boasts three stories and is situated on a 0.02-acre lot (APN 1290-0237). Currently operating at 100% occupancy, the property features a ground-floor retail space leased to Coco Spa under a Net Lease agreement (NNN) until November 30th, 2024, generating immediate rental income. The upper two floors comprise a meticulously maintained residential unit, currently configured as a one-bedroom, one-bathroom apartment with laundry facilities. The property is zoned MU-4, reflecting its mixed-use designation. This investment offers a blend of immediate returns from the existing retail tenant and the potential for long-term appreciation in a highly desirable Georgetown location, close to major universities and with excellent visibility near Wisconsin Ave and Reservoir Rd. The building consists of one structure with two units. The asking price is $1,749,900, translating to a price per square foot of $598.46. This presents a rare chance to acquire a well-maintained, income-producing asset in one of Washington, D.C.'s most sought-after neighborhoods.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $610,000
      6.5%
      $565,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $253,000
      Market price range: $160k - $493k

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0664
    Latitude
    38.9123
    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
    $17,419
    $406,880
    $500,370
    $907,250
    -
    $406,880
    $500,370
    $907,250

    Comparable in this City

    • Value Estimation
      $270,000
      1,279 SF

      4000 Tunlaw Rd Nw Ste, Unit 129

      COMMERCIAL CONDOMINUIM • 1,279 SF
      4000 Tunlaw Rd Nw Ste, Washington, DC 20007-4838
      View Details
    • Value Estimation
      $320,000
      1,851 SF

      3251 Prospect St Nwcs-3

      COMMERCIAL CONDOMINUIM • 1,851 SF
      3251 Prospect St Nwcs-3, Washington, DC 20007-3243
      View Details
    • Value Estimation
      $265,000
      1,557 SF

      3261 Prospect NW St

      COMMERCIAL (GENERAL) • 1,557 SF
      3261 Prospect NW St, Washington, DC 20007-3215
      View Details
    • Value Estimation
      $360,000
      296.59 Acres

      Canal NW Rd

      COMMERCIAL (GENERAL) • 296.59 Acres
      Canal NW Rd, Washington, DC 20007
      View Details
    • Value Estimation
      $380,000
      4,350 SF

      1338 Wisconsin NW Ave

      COMMERCIAL (GENERAL) • 4,350 SF
      1338 Wisconsin NW Ave, Washington, DC 20007-3365
      View Details
    • Value Estimation
      $325,000
      3,144 SF

      2208 Wisconsin Ave Nwc2

      COMMERCIAL CONDOMINUIM • 3,144 SF
      2208 Wisconsin Ave Nwc2, Washington, DC 20007-4102
      View Details

    Similar Nearby for Sale

    • $3,850,000

      Washington DC Specialty Property

      Specialty property available for sale in Washington, DC.
      2215 King Pl NW, Washington, DC 20007
      View Details
    • $6,950,000
      4,018 SF

      Georgetown Penthouse with Potomac Views

      Luxury penthouse with river views, private terrace, and premium amenities.
      1055 Wisconsin Ave NW, Washington, DC 20007
      View Details
    • $1,450,000

      Washington DC Specialty Property

      Specialty property available for sale in Washington, DC.
      1656 32Nd St NW, Washington, DC 20007
      View Details
    • $3,700,000

      Specialty Property in Washington, DC

      Specialty property available for sale in Washington, DC.
      1234 33Rd St NW, Washington, DC 20007
      View Details
    • $1,320,000

      Specialty Property in Washington, DC

      Specialty property available for sale in Washington, DC.
      1906 37Th St NW, Washington, DC 20007
      View Details
    • $2,875,000

      Washington DC Specialty Property

      Specialty property available for sale in Washington, DC.
      1412 34Th St NW, Washington, DC 20007
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,800 SF

      Glover Park Restaurant Opportunity

      Second generation restaurant space with patio in prime location.
      2400 Wisconsin Ave NW, Washington, DC 20007
      View Details
    • $39 SF/Yr
      2,855 SF

      Georgetown Retail and Office Space

      Prime Georgetown location with retail and office space available.
      1066 31St St Nw, Washington, DC 20007
      View Details
    • $45 SF/Yr
      2,774 SF

      Retail and Office Space Available

      Retail and professional office space near Georgetown's amenities.
      1050 Potomac St NW, Washington, DC 20007
      View Details
    • $45,833
      2,046 SF

      Historic Georgetown Retail Flagship Property

      Iconic retail building in Georgetown, near Wisconsin Avenue and Potomac Waterfront.
      1046-1048 Wisconsin Ave NW, Washington, DC 20007
      View Details
    • $54 SF/Yr
      2,520 SF

      Retail Space in Georgetown Brownstone

      Retail space with natural light, near Georgetown amenities.
      1027-1029 33Rd St NW, Washington, DC 20007
      View Details
    • Contact for pricing
      5,785 SF

      Prime Georgetown Retail Space

      5,785 SF Single-Tenant Retail in DC
      1901 Wisconsin Ave, Washington, DC 20007
      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.
    1658 33rd NW St
    Washington, DC 20007-2749
    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.