Property profile

1999 K NW St Washington, DC 20006

OFF-MARKET
Office buildings
Property ID
US16-0085529
250,345 SF 0.57 ac lot Built 2009
Individually Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

A ground-floor retail space totaling 5,427 square feet is situated on a hard corner with frontage and visibility along K Street, and is positioned near the intersection with 20th Street NW. The retail space is within a larger 221,342-square-foot office building, and the property benefits from a dense daytime population in the immediate trade area. The location is approximately two blocks from Farragut West Metro Station and Farragut North Metro Station. The surrounding area includes a substantial inventory of existing office space and additional office development planned in the vicinity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2009
Construction STEEL FRAME
Total area 250,345 SF
Lot 0.57 ac (24,889 SF)
Zoning code D-5
APN 0085 0844
UPID US16-0085529

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Gym & Fitness Center
  • Loan Service Bank
  • Loan Service Bank
  • Parking Lot & Garage

Location

1999 K NW St Washington, DC 20006-1118
Washington metro Census 10700 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$2.58M

Owner & transaction history

since 2009
5 recorded transactions
2017
Price N/A
2010
Price N/A
2009
$207.8M
2008
Price N/A
1969
Price N/A

Zoning & alternative use

D-5 · Washington, DC
Zoning description

AND OBJECTIVE (D-4-R) 531 DENSITY - FLOOR AREA RATIO (FAR) (D-4-R) 532 HEIGHT (D-4-R) 533 FRONT BUILD-TO (D-4-R) 534 FRONT SETBACK (D-4-R) 535 COURT (D-4-R) 536 USES (D-4-R) 537 DESIGN (D-4-R) 538 PURPOSE AND OBJECTIVE (…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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