New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,220,000
Office buildings
1720 Massachusetts NW Ave Washington, DC 20036-1903
Entity Owned
Free & Clear
Property ID
US16-0160793
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
STEEL FRAME
Total area
9,841 SF
Lot
0.07 ac (3,100 SF)
Zoning code
MU-15
APN
0158 0830
UPID
US16-0160793
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
$3.00M
CAP Approach
CAP
$5.13M
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$4.22M
Owner & transaction history
CONGRESSIONAL BLACK CAUCUS FOUNDATION, INC · 1 yrs held
CONGRESSIONAL BLACK CAUCUS FOUNDATION, INC
since 2025
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
MU-15 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+62.2%
Commercial (general)
$4.3M
+12.2%
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
$3,240,000
ML approach
$2,995,000
CAP Approach
CAP Return
Estimation
6%
$5,555,000
6.5%
$5,130,000
7%
$4,760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,820,000
Current use
RESTAURANT
$6,200,000
Change: +62% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,285,000
Change: +12% · Conversion: Easy
RETAIL STORES
$3,350,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,090,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.22M
Range $3.80M – $4.64M · ±10% · vs last sale $5.00M (May 20 2025)
Last sale anchor
$5.00M
May 20 2025
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
$429 / 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
$68,686
Tax year 2023
Assessed value
$4,162,810
Assessed 2023
Previous assessed
$4,162,810
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$2,046,000
Assessed improvement
$2,116,810
Land market value
$2,046,000
Improvement market value
$2,116,810
Total market value
$4,162,810
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
Off-Market
Year built
1930
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
9,841 SF
Lot
0.07 ac (3,100 SF)
Zoning code
MU-15
APN
0158 0830
UPID
US16-0160793
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-15 · Washington, DC
Zoning MU-15 · permitted uses
MU-15 · 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
$3.8M
RESTAURANT
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$3.1M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
Year built
1930
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
CONGRESSIONAL BLACK CAUCUS FOUNDATION, INC
Entity
Free & Clear · 1 yrs held
Mailing address
1720 MASSACHUSETTS AVE NW, WASHINGTON, DC 20036-1903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
$4,999,900
—
—
—
—
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?”
You own 1720 Massachusetts NW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
