1722 Connecticut NW Ave Washington, DC 20009-1103
Entity Owned
2-yr Hold
~
Est. High Equity
Estimated value (blended)
$2.77M
Range $2.49M – $3.05M (±10%)
Implied cap rate
8.90%
In-place · NOI ÷ last sale
Property ID
US16-0142183
Property summary
AI-generated overview
This exceptional property at 1722 Connecticut Ave NW, Washington, DC 20009 offers a rare leasing opportunity in Dupont Circle's vibrant neighborhood. The 1,838 square foot space is available immediately and presents a unique chance for a variety of businesses. Currently configured as office space, it's ideally suited for a range of uses including medical, dental, urgent care, retail, or restaurant operations. The building's location is highly desirable, less than two blocks from the Metro, and situated within a corridor known for its thriving restaurant and nightlife scene. Adjacent to the property at 1724 Connecticut Ave NW, a roughly 1800 square foot second-generation restaurant space is also available. This space includes basement storage and the option to combine it with 1722 Connecticut Ave NW for a larger footprint. The building offers a single-tenant occupancy and is priced to lease at $49 per square foot, triple net (NNN). This is a first-time lease opportunity in decades for 1722 Connecticut Ave NW, making it an exceptional chance to establish a presence in one of Washington, D.C.'s most sought-after locations. The property's versatility and prime location make it an attractive investment for businesses seeking high visibility and foot traffic.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
BRICK
Total area
14,072 SF
Lot
0.09 ac (3,955 SF)
Zoning code
MU-20
APN
0092 0067
UPID
US16-0142183
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.74M
CAP Approach
CAP
$3.78M
Comparable Approach
Comparable
$4.37M
Blend (final)
Blend
$2.77M
Owner & transaction history
since 2023
Last sale
$3.5M
2 recorded transactions
Zoning & alternative use
MU-20 · Washington, DC
Top alternative use upside
Office building
$5.6M
+12.9%
Apartment house (5+ units)
$5.5M
+9.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.77M
Value range
$2.49M – $3.05M
±10% around blend
Estimated value / SF
$197 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
30
$2.49M
blend $2.77M
$3.05M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,072 SF
Lot area
0.09 ac
Year built
1900
Stories
4
APN
0092 0067
Assessed value
$4,692,980
Annual tax
$77,434
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.78M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.10M
@ 6.5% CAP return
$3.78M
@ 7% CAP return
$3.51M
4
Sales comparison
Partial preview
Sales approach indication
$9.94M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.6 mi away · 15,038 SF
23.5 mi away · 14,736 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.77M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 28 sales
$356
-45%
Submarket 383 sales
$340
-42%
County 383 sales
$340
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $197/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+13%
vs current-use indication
Apartment House (5+ Units)
Retail Stores · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
8.90%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.90%
9.0%
NOI (est.)
$245k *
Last sale · Dec 2023
$3.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.75M
Move the market yield to see immediate price impact.
Value / SF
$196
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.40%8.90%9.40%
$221k
$2.63M
$2.48M
$2.35M
$245k
$2.92M
$2.75M
$2.61M
$270k
$3.21M
$3.03M
$2.87M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$3.75M
3.4 mi · Mar 2026 · $278/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$77,434
Tax year 2023
Assessed value
$4,692,980
Assessed 2023
Previous assessed
$4,692,980
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$3,752,350
Assessed improvement
$940,630
Land market value
$3,752,350
Improvement market value
$940,630
Total market value
$4,692,980
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
NONE
Stories
4
Units
1
Total area
14,072 SF
Lot
0.09 ac (3,955 SF)
Zoning code
MU-20
APN
0092 0067
UPID
US16-0142183
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-20 · Washington, DCZoning MU-20 · permitted uses
MU-20 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
NONE
Stories
4
Units
1
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MU-20
Jurisdiction
Washington, DC
Recorded code
MU-20
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU-20 in Washington, DC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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