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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Retail space
1901 18th NW St Washington, DC 20009-1730
Entity Owned
~
Est. High Equity
Property ID
US16-0094815
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1905
Construction
BRICK
Total area
5,180 SF
Lot
0.04 ac (1,700 SF)
Zoning code
MU-4
APN
0151 0243
UPID
US16-0094815
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
$1.39M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.53M
Owner & transaction history
1901 18th Street Nw LLC
1901 18th Street Nw LLC
since 2025
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
MU-4 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+22.5%
Office building
$2.1M
+12.9%
Apartment house (5+ units)
$2.0M
+9.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,510,000
6.5%
$1,390,000
7%
$1,290,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,840,000
Current use
COMMERCIAL (GENERAL)
$2,255,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$2,080,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,020,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,625,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.46M (Dec 1 2025)
Last sale anchor
$1.46M
Dec 1 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
$294 / 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
$33,675
Tax year 2023
Assessed value
$1,914,520
Assessed 2023
Previous assessed
$1,914,520
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$799,150
Assessed improvement
$1,115,370
Land market value
$799,150
Improvement market value
$1,115,370
Total market value
$1,914,520
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1905
Construction
BRICK
Heating
NONE
Stories
3
Total area
5,180 SF
Lot
0.04 ac (1,700 SF)
Zoning code
MU-4
APN
0151 0243
UPID
US16-0094815
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-4 · Washington, DC
Zoning MU-4 · permitted uses
MU-4 · 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
RETAIL STORES Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1905
Construction
BRICK
Heating
NONE
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
1901 18th Street Nw LLC
Entity
Mailing address
1901 18TH ST NW, WASHINGTON, DC 20009-1730
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
$1,460,000
1901 18th Street Nw LLC
The Laogai Research Foundation
Special Warranty Deed
$1,168,000 · Upsilom LLC
Apr 3, 2018
—
Laogai Research Foundation
—
Deed
related
$1,145,498 · Laogai Human Rights Org INC
Jul 20, 2015
$2,550,000
Laogai Research Foundation
1901 18th Street LLC
Grant Deed
—
Apr 5, 2006
$230,000
1901 18th Street LLC
Ittig,gerard W & Judith B
Grant Deed
$1,840,000 · Bank Of Georgetown
—
—
Laogai Research Foundation
—
Deed Of Trust
related
$1,145,498 · Laogai Human Rights Org INC
—
—
Joseph H Kasimer
—
Deed Of Trust
related
$321,945 · Crestar Bank
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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