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Property profile & analytics

1837 M NW St Washington, DC 20036-2523

  • Retail space
  • 28,944 SF
  • 0.16 lot acres
OFF-MARKET
Last Sale
Jan 19, 2024
$9,000,000
Value Estimations
$9,000,000
Show details
Cap Rate Potential
5.2%
Retail space
Location Intelligence
Property ID
US16-0032419
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

  • Dog Haus Biergarten - Burgers Beer Cocktails Sports Bar / Chicken Wings Restaurant / Cocktail Bar
  • Boqueria - Dupont / Spanish Restaurant / Delivery Service

Property Details for 1837 M NW St

Year built
1890
Construction
BRICK
Lot size
0.16 lot acres
Property size
28,944 SF
Zone code
MU-21
Property type
Retail space
APN
0139 0077
APU
1390077

Description

This exceptional retail property, located at 1837 M St NW in the heart of Washington, D.C., presents a rare opportunity for restaurant or bar concepts. The building offers a total of 5,205 square feet, currently entirely vacant, and is divisible into two suites. Each potential tenant has flexibility, with a minimum leasable space of 1,390 square feet and a maximum contiguous space of 3,815 square feet. This second-generation restaurant and bar space boasts a highly desirable corner location at the intersection of 19th and M Streets NW, providing excellent visibility and accessibility. The property benefits from its strategic placement within a densely populated office district, ensuring a robust customer base. The building's location in the heart of downtown DC offers unparalleled access to a diverse population and high foot traffic. This is an exceptional opportunity to establish a thriving business in one of the most sought-after locations in the nation's capital. The District of Columbia location provides access to a vibrant and affluent market. The entire 5,205 square feet is available for lease, offering significant potential for a large-scale operation or the opportunity to subdivide the space to suit individual tenant needs. This is a truly unique opportunity to secure a prime retail space in a high-demand area.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $9,000,000
    ML approach
    $9,000,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $7,740,000
    6.5%
    $7,145,000
    7%
    $6,635,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $12,274,000
    Market price range: $6.38M - $14.4M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $9,850,000
    Current use
    COMMERCIAL (GENERAL)
    $12,610,000
    Change: +28% Conversion: Easy
    OFFICE BUILDING
    $11,240,000
    Change: +14% Conversion: Easy
    WAREHOUSE, STORAGE
    $9,080,000
    Change: -8% Conversion: Difficult
    APARTMENT HOUSE (5+ UNITS)
    $8,570,000
    Change: -13% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Washington
County
District Of Columbia
State
DC
Longitude
-77.0431
Latitude
38.9059
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
$307,750
$4,547,400
$11,735,660
$16,283,060
-
$4,547,400
$11,735,660
$16,283,060
More about this property
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