Property profile

1800 Martin Luther King Jr SE Ave Washington, DC 20020

OFF-MARKET
Commercial land
Property ID
US16-0115901
225,974 SF 0.23 ac lot Built 2008
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional three-story executive office building, completed in 2007, offers 63,000 square feet of premium workspace. Located at 1800 Martin Luther King Jr Ave SE, Washington, DC 20020, this owner/user investment opportunity boasts a prominent corner location at the intersection of Martin Luther King Jr. Avenue and Good Hope Road. The building sits on a 27,207 square foot lot and features a striking red brick and precast façade that complements the historic neighborhood. Inside, you'll find ample space for a variety of executive office needs. The building's design incorporates three levels of subsurface parking, providing convenient access to 117 parking spaces for employees and visitors. A highlight of this property is its expansive rooftop terrace, offering breathtaking 360-degree views of Washington, D.C.'s dynamic skyline. The asking price is $19,000,000, with an occupancy date of April 1, 2024. This is a rare opportunity to acquire a state-of-the-art executive office building in a highly desirable location within the District of Columbia. The property's blend of modern amenities and historical charm makes it an ideal investment for discerning businesses seeking a prestigious and functional workspace.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 2008
Construction BRICK
Total area 225,974 SF
Lot 0.23 ac (9,860 SF)
Zoning code PDR-1
APN 5601 0860
UPID US16-0115901

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency
  • Construction Company General Contractor
  • Pharmacy
  • Bank Loan Service
  • Professional Services

Location

1800 Martin Luther King Jr SE Ave Washington, DC 20020-6900
Washington metro Census 7601 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$31.42M

Owner & transaction history

Zoning & alternative use

PDR-1 · Washington, DC
Zoning description

05 PENTHOUSE AND ROOFTOP STRUCTURE 206 [RESERVED] 207 REAR YARD 208 SIDE YARD 209 COURT 210 TRANSITION SETBACKS 211 GREEN AREA RATIO 211 Source Note CHAPTER 3 CAPITOL INTEREST PRODUCTION, DISTRIBUTION, AND REPAIR ZONE -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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