Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1901 Pennsylvania NW Ave Washington, DC 20006-3405

    • Office buildings
    • 113,200 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Apr 06, 2022
    $41,500,000
    Value Estimations
    $37,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0071578
    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

    • Office buildings

    Property Details for 1901 Pennsylvania NW Ave

    Year built
    1960
    Construction
    TILT-UP CONCRETE
    Lot size
    0.20 lot acres
    Property size
    113,200 SF
    Zone code
    D-5
    Property type
    Office buildings
    APN
    0118 0818
    APU
    1180818

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $32,460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $32,688,000
      Market price range: $23.2M - $66.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $45,420,000
      Current use
      COMMERCIAL (GENERAL)
      $49,310,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $38,525,000
      Change: -15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0438
    Latitude
    38.9007
    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
    $649,249
    $23,538,240
    $10,995,990
    $34,534,230
    -
    $23,538,240
    $10,995,990
    $34,534,230

    Comparable in this City

    • Value Estimation
      $35,235,000
      124,000 SF

      1700 New York NW Ave

      OFFICE BUILDING • 124,000 SF
      1700 New York NW Ave, Washington, DC 20006-5201
      View Details
    • Value Estimation
      $1,410,000
      195,338 SF

      1899 Pennsylvania NW Ave

      OFFICE BUILDING • 195,338 SF
      1899 Pennsylvania NW Ave, Washington, DC 20006-3602
      View Details
    • Value Estimation
      $32,655,000
      177,069 SF

      1776 F NW St

      OFFICE BUILDING • 177,069 SF
      1776 F NW St, Washington, DC 20006
      View Details
    • Value Estimation
      $1,800,000
      374,766 SF

      1727 I NW St

      OFFICE BUILDING • 374,766 SF
      1727 I NW St, Washington, DC 20006-2401
      View Details
    • Value Estimation
      $6,590,000
      1,185,122 SF

      1835 I NW St

      OFFICE BUILDING • 1,185,122 SF
      1835 I NW St, Washington, DC 20006
      View Details
    • Value Estimation
      $2,855,000
      624,620 SF

      1625 I NW St

      OFFICE BUILDING • 624,620 SF
      1625 I NW St, Washington, DC 20006-4061
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      280,000 SF

      AFL-CIO Building Office Suites

      Plug-and-play office suites in the heart of Washington DC.
      815 Black Lives Matter Plz NW, Washington, DC 20006
      View Details
    • $899,000
      1,985 SF

      Updated Office Near George Washington

      Renovated office space near the White House and Metro.
      522 21St St NW, Washington, DC 20006
      View Details
    • Contact for pricing
      6,100 SF

      Adams Morgan Net Leased Restaurant

      Net leased restaurant in the Adams Morgan neighborhood.
      2436 18Th St NW, Washington, DC 20006
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,962 SF

      LEED Gold Certified Office Building

      Premier office building in the heart of the nation’s capital.
      1700 New York Ave NW, Washington, DC 20006
      View Details
    • Contact for pricing
      2,234 SF

      Farragut Building Office Space

      12-story office building with conferencing facility and fitness center.
      900 17Th St NW, Washington, DC 20006
      View Details
    • Contact for pricing

      Prestigious Office Building Headquarters

      Prominent office building, world headquarters of MCI Corporation.
      1801 Pennsylvania Ave NW Washington, Washington, DC 20006
      View Details
    • Contact for pricing

      Pennsylvania Avenue Office Building

      Seven-story, 25,000 SF office building on Pennsylvania Avenue, N.W.
      1325 Pennsylvania Ave NW Washington, Washington, DC 20006
      View Details
    • Contact for pricing
      4,990 SF

      Boutique Office Building Near White House

      122,136 SF office building with tenant-only fitness center.
      900 16Th St NW, Washington, DC 20006
      View Details
    • Contact for pricing
      23,257 SF

      Office Building with On-Site Parking

      Eight-story office building with on-site parking and convenient amenities.
      1750 New York Ave NW, Washington, DC 20006
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1901 Pennsylvania NW Ave
    Washington, DC 20006-3405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.