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    Property profile & analytics

    1924 Benning Rd Washington, DC 20002

    • Commercial real estate
    • 1,216 SF
    • 0.03 lot acres
    For Sale
    View listing
    $950,000
    Value Estimation
    Last Sale
    May 03, 2024
    $900,000
    Location Intelligence
    Property ID
    US16-0090548
    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

    • Commercial real estate

    Property Details for 1924 Benning Rd

    Year built
    1925
    Construction
    BRICK
    Lot size
    0.03 lot acres
    Property size
    1,216 SF
    Zone code
    MU-5A
    Property type
    Commercial real estate
    APN
    4506 0809
    APU
    45060809

    Description

    This exceptional mixed-use property at 1924 Benning Rd NE, Washington, DC 20002, presents a compelling investment opportunity. The 2,343 square foot building, constructed in 1925 and extensively renovated in 2023, boasts a strong 8.77% cap rate and a current NOI of $87,716. The property features a street-level creative office or storefront space (currently 33.33% occupied), ideal for owner-occupancy, coupled with two residential units above, generating rental income. The current owner is open to a sale-leaseback of the office space, providing immediate income generation for investors. Situated on a 1,371 square foot lot, the property includes two parking spaces. The MU-5A zoning allows for significant future development potential, leveraging the substantial 6,486 square feet of available air rights. This highly visible location, near the intersection of H Street, Bladensburg Rd, Benning Rd, and Maryland Ave, benefits from high foot traffic and proximity to Hechinger Mall and the DC Streetcar. The asking price is $950,000, translating to $405.46 per square foot. This three-story building offers a unique blend of income-producing assets and redevelopment potential in a thriving Washington, D.C. neighborhood.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $900,000

    • CAP approach

      CAP return
      Estimation
      6%
      $940,000
      6.5%
      $855,000
      7%
      $840,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $780,000
      Geo Method
      $940,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $760,000
      Retail
      $995,000
      Mixed-Use
      $775,000
      Hospitality
      $930,000
      Educational
      $880,000
      Residential Income
      $1,020,000
      Energy
      $805,000
      Income-Based Land
      $905,000
      Food Service
      $885,000

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -76.9753
    Latitude
    38.899
    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
    $3,288
    $71,500
    $127,780
    $199,280
    -
    $71,500
    $127,780
    $199,280

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    1924 Benning Rd
    Washington, DC 20002
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    Realmo Value Estimation

    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.

    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.

    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
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