1666 Connecticut Ave NW Washington, DC 20009
Property profile & analytics
1666 Connecticut Ave NW, Washington, DC 20009
- Office buildings
- 113,302 SF
- 0.30 lot acres
Property ID
US16-0069632
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 1666 Connecticut Ave NW
- Year built
- 1962
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.30 lot acres
- Zone code
- MU-20
- Property type
- Office buildings
- APN
- 0093 0830
- APU
- 930830
Description
This seven-story, 84,393 square foot Class B office building at 1666 Connecticut Ave NW, Washington, DC 20009, is a value-add investment opportunity. Built in 1962 and renovated in 2021, the property boasts a 10.50% cap rate and 80.7% occupancy as of February 1, 2024. Eleven tenants occupy the space, including a long-term anchor tenant (Appalachian Regional Commission) leasing 38% of the rentable building area through June 2035. The weighted average remaining lease term is approximately 8 years. The building benefits from a prime location at the intersection of Connecticut Avenue, R Street, and 20th Street, near Dupont Circle and the Kalorama neighborhood. Its proximity to the Dupont Circle Metrorail station (Red Line) ensures excellent accessibility. The surrounding area offers a vibrant mix of residential, commercial, and cultural attractions. Recent improvements totaling $3.5 million include lobby upgrades, a spec suite program (resulting in significant leasing activity – over 55,600 square feet leased since 2020), and common area enhancements. The property's MU-20 zoning allows for flexibility in future uses. Historically, the building has maintained high occupancy rates (90% over 15 years and 95% over 30 years), demonstrating consistent tenant demand. The building's strong anchor tenant, recent renovations, and desirable location position it favorably for continued occupancy growth and strong returns.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $10,210,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $15,715,000
Market price range: $2.98M - $52.2M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0455
- 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
$469,861
$5,364,240
$20,496,700
$25,860,940
-
$5,364,240
$20,496,700
$25,860,940
