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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1924 I NW St Washington, DC 20006-2131

    • Retail space
    • 2,358 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0075031
    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

    • waxing male / Waxing Hair Removal Service
    • henryhairsalon / Hair Salon
    • Henry Barbershop / Hair Salon / Waxing Hair Removal Service
    • StoreMe / Storage Facility
    • vaughan c. jones, attorney at law is prepared to go to work for you today. / Legal Services

    Property Details for 1924 I NW St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.02 lot acres
    Property size
    2,358 SF
    Zone code
    D-5
    Property type
    Retail space
    APN
    0118 0024
    APU
    1180024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $375,000
      Market price range: $136k - $388k

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0446
    Latitude
    38.9012
    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
    $21,978
    $641,610
    $574,870
    $1,216,480
    -
    $641,610
    $574,870
    $1,216,480

    Comparable in this City

    • Value Estimation
      $370,000
      5,904 SF

      1604 K NW St

      RETAIL STORES (PERSONAL SERVICES) • 5,904 SF
      1604 K NW St, Washington, DC 20006-2801
      View Details
    • Value Estimation
      $290,000
      2,199 SF

      2040 I NW St

      RETAIL STORES (PERSONAL SERVICES) • 2,199 SF
      2040 I NW St, Washington, DC 20006-1862
      View Details
    • Value Estimation
      $345,000
      2,870 SF

      1922 I NW St

      RETAIL STORES (PERSONAL SERVICES) • 2,870 SF
      1922 I NW St, Washington, DC 20006-2103
      View Details
    • Value Estimation
      $390,000
      2,871 SF

      1926 I NW St

      RETAIL STORES (PERSONAL SERVICES) • 2,871 SF
      1926 I NW St, Washington, DC 20006-2133
      View Details
    • Value Estimation
      $335,000
      6,532 SF

      1917 I NW St

      RETAIL STORES (PERSONAL SERVICES) • 6,532 SF
      1917 I NW St, Washington, DC 20006-2108
      View Details
    • Value Estimation
      $320,000
      950 SF

      1928 I NW St

      RETAIL STORES (PERSONAL SERVICES) • 950 SF
      1928 I NW St, Washington, DC 20006-2135
      View Details

    Similar Nearby for Sale

    • $3,350,000
      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
    • $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
      6,948 SF

      Classic Townhouse Near Logan Circle

      Turn-of-the-century townhouse with restored features, near Metro.
      1513 16Th St Nw, Washington, DC 20006
      View Details
    • 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

    Similar Nearby for Lease

    • Contact for pricing
      6,396 SF

      Prime Retail Space on Connecticut

      High-visibility retail space near Metro and office buildings.
      815 Connecticut Ave NW, Washington, DC 20006
      View Details
    • Contact for pricing
      3,424 SF

      K Street Retail Space Available

      Retail space for lease in renovated Class A office building.
      2000 K St NW, Washington, DC 20006
      View Details
    • Contact for pricing
      561 SF

      Connecticut Avenue Retail & Office

      Retail and office spaces available in affluent northwest D.C.
      1745-1753 Connecticut Ave NW, Washington, DC 20006
      View Details
    • $48 SF/Yr
      4,945 SF

      Retail Space Facing Farragut Park

      4,945 SF retail space next to Metro entrance.
      1701 K St NW, Washington, DC 20006
      View Details
    • $35 SF/Yr
      1,050 SF

      Retail and Office Space Available

      Retail and professional office space for rent near DuPont Circle.
      1363-1369 Connecticut Ave NW, Washington, DC 20006
      View Details
    • Contact for pricing
      5,427 SF

      Prime Retail Space on K Street

      5427 SF ground floor retail space with excellent visibility.
      1999 K St 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.
    1924 I NW St
    Washington, DC 20006-2131
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.