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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1703 Bladensburg Rd Washington, DC 20002

    • Automotive properties
    • 1,476 SF
    • 0.07 lot acres
    For Sale
    View listing
    $3,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0164706
    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

    • Automotive properties

    Property Details for 1703 Bladensburg Rd

    Construction
    BRICK
    Lot size
    0.07 lot acres
    Property size
    1,476 SF
    Zone code
    PDR-1
    Property type
    Automotive properties
    APN
    4410 0020
    APU
    44100020

    Description

    This exceptional 21,835 square foot industrial land parcel presents a unique investment opportunity in Washington, D.C. Located at 1703 Bladensburg Road NE, this fee simple property boasts over 200 feet of frontage on Bladensburg Road NE, providing excellent visibility and accessibility. The property is zoned PDR-1, offering a wide range of development possibilities. Convenient rear alley access enhances logistical efficiency. Its strategic location in Northeast Washington, D.C. provides easy access to major transportation arteries, including I-495 and I-295, facilitating seamless connectivity to Maryland and downtown D.C. Currently leased month-to-month, this property offers immediate cash flow to offset holding costs while development plans are finalized. This is one of two available lots exceeding 20,000 square feet in this area, situated immediately south of the New City DC Development project, indicating significant potential for future appreciation. The property's size and zoning make it ideal for a variety of industrial uses, representing a compelling investment opportunity in a rapidly developing area. The asking price is $3,250,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -76.9758
    Latitude
    38.9128
    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
    $3,584
    $149,580
    $66,160
    $215,740
    -
    $149,580
    $66,160
    $215,740

    Comparable in this City

    • Value Estimation
      $540,000
      4,800 SF

      1750 Bladensburg NE Rd

      VEHICLE SALES, RENTALS • 4,800 SF
      1750 Bladensburg NE Rd, Washington, DC 20002-1806
      View Details
    • Value Estimation
      $1,875,000
      6,480 SF

      2116 5th NE St

      VEHICLE SALES, RENTALS • 6,480 SF
      2116 5th NE St, Washington, DC 20002
      View Details
    • Value Estimation
      $970,000
      16,773 SF

      1902 Kendall NE St

      VEHICLE SALES, RENTALS • 16,773 SF
      1902 Kendall NE St, Washington, DC 20002
      View Details
    • Value Estimation
      $640,000
      12,396 SF

      1232 Mt Olivet NE Rd

      VEHICLE SALES, RENTALS • 12,396 SF
      1232 Mt Olivet NE Rd, Washington, DC 20002-7801
      View Details
    • Value Estimation
      $5,455,000
      97,050 SF

      1242 Mt Olivet NE Rd

      VEHICLE SALES, RENTALS • 97,050 SF
      1242 Mt Olivet NE Rd, Washington, DC 20002-7801
      View Details
    • Value Estimation by Request
      1,742 SF

      1720 New York NE Ave

      VEHICLE SALES, RENTALS • 1,742 SF
      1720 New York NE Ave, Washington, DC 20002-1728
      View Details

    Similar Nearby for Sale

    • $3,550,000
      0.05 Acres

      Atlas District Retail Building Opportunity

      Three-level retail building in the resurging Atlas District.
      1255 H St NE, Washington, DC 20002
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Residential Building

      Retail space available in a building with 182 condos.
      50 Florida Ave NE, Washington, DC 20002
      View Details
    • $1,050,000
      2,100 SF

      Capitol Street Mixed-Use Building

      Prime DC location, high ROI potential.
      1707 Capitol St, Washington, DC 20002
      View Details
    • $1,875,000

      Prime Retail Space For Sale

      Corner retail space with basement access in Washington, DC.
      337 H St NE, Washington, DC 20002
      View Details
    • $5,750,000
      6,000 SF

      U Street Retail Investment Opportunity

      Fully occupied 6,000 SF retail building on U Street Corridor.
      1336 U St NW, Washington, DC 20002
      View Details
    • Contact for pricing

      Retail Property in Washington, DC

      Retail property available for sale in Washington, DC.
      1508 U St Nw, Washington, DC 20002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,120 SF

      Versatile Space in Brentwood, DC

      Warehouse, automotive, office, and retail spaces available for lease.
      2110-2116 5Th St NE, Washington, DC 20002
      View Details
    • $1,000 /Mo

      Fenced Lot for Lease

      Large fenced lot with parking for up to 8 vehicles.
      F St NE, Washington, DC 20002
      View Details
    • Contact for pricing
      200 SF

      Prime DC Ghost Kitchen Space

      200 sq ft, Class B, Single Tenant Retail
      2000 5Th St, Washington, DC 20002
      View Details
    • Contact for pricing
      6,889 SF

      Contemporary Retail Space Available

      Modern retail spaces in vibrant urban community, Washington, DC.
      1401 Okie St NE, Washington, DC 20002
      View Details
    • Contact for pricing
      2,500 SF

      Prime Restaurant Space with Patio

      Restaurant spaces with patios near IMF, World Bank, Federal Reserve.
      900 19Th St NW, Washington, DC 20002
      View Details
    • $54 SF/Yr
      5,621 SF

      Retail Space Near GWU

      Retail space near George Washington University and Kennedy Center.
      2600 Virginia Ave, Washington, DC 20002
      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.
    1703 Bladensburg Rd
    Washington, DC 20002
    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.