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

    1970 2nd NW St Washington, DC 20001-1625

    • Retail space
    • 3,326 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0013387
    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

    • Cookie's Corner / Grocery & Convenience Store

    Property Details for 1970 2nd NW St

    Year built
    1890
    Construction
    BRICK
    Lot size
    0.08 lot acres
    Property size
    3,326 SF
    Zone code
    RF-1
    Property type
    Retail space
    APN
    3087 0806
    APU
    30870806

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0148
    Latitude
    38.9175
    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
    $6,237
    $265,560
    $180,180
    $445,740
    -
    $265,560
    $180,180
    $445,740

    Comparable in this City

    • Value Estimation
      $2,310,000
      8,640 SF

      950 New York NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,640 SF
      950 New York NW Ave, Washington, DC 20001-3894
      View Details
    • Value Estimation
      $5,835,000
      22,000 SF

      950 New York NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 22,000 SF
      950 New York NW Ave, Washington, DC 20001-3894
      View Details
    • Value Estimation by Request
      1,500 SF

      1219 Blagden NW Aly

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      1219 Blagden NW Aly, Washington, DC 20001-4210
      View Details
    • Value Estimation by Request
      1,435 SF

      2008 9th NW St

      RETAIL STORES (PERSONAL SERVICES) • 1,435 SF
      2008 9th NW St, Washington, DC 20001-4006
      View Details
    • Value Estimation by Request
      2,627 SF

      1455 9th NW St

      RETAIL STORES (PERSONAL SERVICES) • 2,627 SF
      1455 9th NW St, Washington, DC 20001
      View Details
    • Value Estimation
      $690,000
      3,522 SF

      750 6th NW St

      RETAIL STORES (PERSONAL SERVICES) • 3,522 SF
      750 6th NW St, Washington, DC 20001-3704
      View Details

    Similar Nearby for Sale

    • $950,000
      2,072 SF

      Prime DC Storefront Opportunity

      Vacant, flexible zoning, great location.
      505 Florida Ave, Washington, DC 20001
      View Details
    • Contact for pricing
      1,100 SF

      Retail Condo Near DCity Smokehouse

      Retail condo with a lower level near DCity Smokehouse.
      207 Florida Ave NW, Washington, DC 20001
      View Details
    • $2,650,000
      3,800 SF

      Dupont Circle Retail Condos

      Net leased retail condos with outdoor seating near Metro.
      2016 P St NW, Washington, DC 20001
      View Details
    • $9,800,000
      33,897 SF

      Luxury DC Mixed-Use Condos

      Prime DC location, vacant, high-end finishes.
      1827 Wiltberger St, Washington, DC 20001
      View Details
    • $950,000

      Versatile Commercial Space For Sale

      Adaptable commercial property suitable for office, retail, or residential development.
      2616 Georgia Ave NW, Washington, DC 20001
      View Details
    • $1,390,000

      Prime Retail Condo in DC

      Rare cafe/retail condo near Metro and Convention Center.
      1117 10Th St NW, Washington, DC 20001
      View Details

    Similar Nearby for Lease

    • $12,000 /Mo
      1,307 SF

      Restaurant/Bar Space Near Luxury Apartments

      Former restaurant/bar space near 9th and U Street, Washington, DC.
      1934 9Th St NW, Washington, DC 20001
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Washington, DC

      3,000 SF retail space available for rent.
      1250 9Th St NW, Washington, DC 20001
      View Details
    • Contact for pricing
      395 SF

      Retail Space Near Metro

      Retail space located near Green and Yellow Line Metros.
      903 N St NW, Washington, DC 20001
      View Details
    • Contact for pricing
      4,731 SF

      Retail Space Near Capital One Arena

      Retail space near Capital One Arena and Gallery Place Metro.
      777 6Th St NW, Washington, DC 20001
      View Details
    • $40 SF/Yr
      1,428 SF

      Retail and Office Space Available

      Retail and professional office space in a historic building.
      2000 P St NW, Washington, DC 20001
      View Details
    • $7,500 /Mo
      1,307 SF

      Four-Level Mixed-Use Building For Lease

      Four-level building suitable for business, office, or apartment use.
      1221 11Th St NW, Washington, DC 20001
      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.
    1970 2nd NW St
    Washington, DC 20001-1625
    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.