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Property profile & analytics
OFF-MARKET
Estimated value
$30,810,000
Grocery and convenience stores
1855 Wisconsin NW Ave Washington, DC 20007-2302
Entity Owned
6-yr Hold
Free & Clear
Property ID
US16-0181501
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2010
Construction
TILT-UP CONCRETE
Total area
60,000 SF
Lot
2.99 ac (130,088 SF)
Zoning code
MU-3A
APN
1299 1040
UPID
US16-0181501
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.84M
Blend (final)
Blend
$30.81M
Owner & transaction history
Aci Real Estate Spe 106 LLC · 6 yrs held
Aci Real Estate Spe 106 LLC
since 2020
Last sale
$36.2M
1 recorded transaction
Zoning & alternative use
MU-3A · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit residential development at varying densities.
Zone name
Mixed Use
General category
MIXED_USE
Zone area
184.65 ac
Source
Realmo
Top alternative use upside
Restaurant
$37.8M
+16.4%
Office building
$37.2M
+14.4%
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
$38,010,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$32,485,000
Current use
RESTAURANT
$37,800,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$37,160,000
Change: +14% · Conversion: Easy
COMMERCIAL (GENERAL)
$26,135,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$30.81M
Range $27.73M – $33.89M · ±10% · vs last sale $36.20M (Jun 15 2020)
Last sale anchor
$36.20M
Jun 15 2020
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
$514 / 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
$466,370
Tax year 2023
Assessed value
$27,372,350
Assessed 2023
Previous assessed
$27,372,350
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$3,494,160
Assessed improvement
$23,878,190
Land market value
$3,494,160
Improvement market value
$23,878,190
Total market value
$27,372,350
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2010
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
1
Total area
60,000 SF
Lot
2.99 ac (130,088 SF)
Zoning code
MU-3A
APN
1299 1040
UPID
US16-0181501
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-3A · Washington, DCZoning MU-3A · permitted uses
MU-3A · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit residential development at varying densities.
Zone name
Mixed Use
General category
MIXED_USE
Zone area
184.65 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$32.5M
RESTAURANT
Est. value
$37.8M
OFFICE BUILDING
Est. value
$37.2M
COMMERCIAL (GENERAL)
Est. value
$26.1M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2010
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
1
Lot
2.99 ac
Current owner
From public records · entity-resolved
Aci Real Estate Spe 106 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
250 E PARKCENTER BLVD, BOISE, ID 83706-3940
Ownership since
2020
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
Jun 15, 2020
$62,413,793
Aci Real Estate Spe 106 LLC
Nai Saturn Eastern LLC
Grant Deed
—
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.
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