Financial
Distress signals
Property profile

2 Florida Ave NE Washington, DC 20002

FOR LEASE
Drive through restaurants
Property ID
US16-0145331
1,600 SF 0.22 ac lot Built 1972
Last sale Jun 2020 · $750,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A freestanding retail building is configured for restaurant use, with a fully built-out interior layout suitable for food service operations. The property is located on a corner at Florida Avenue and North Capitol Street in Washington, DC, along a highly trafficked intersection with an indicated combined traffic count of 62,800 vehicles per day. It includes surface parking for customers and staff and is situated within a mixed-use, neighborhood retail area that includes residential development such as townhomes and apartment buildings as well as local retail stores.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$40k
Tax billed · 2023
Assessed value$2.43M
Assessed land$2.27M
Assessed improvement$169k
Effective rate1.64%

Value estimate

· Sep 2026
$345k
$311k – $380k
AI approach$360k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$630/SF
Submarket average, outlier-cleaned · 70 recorded sales of this use type
Observed band · Q1–Q3$362 – $852
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MU-4
This zone provide for mixed-use developments that permit a broad range of commercial, institutional, and multiple dwelling unit residenti...
General categoryMIXED_USE
JurisdictionDISTRICT OF COLUMBIA

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand index
Laundromat11.8
Watch Repair Shop9.5
Tailor Shop9.0

Location

2 Florida Ave NE Washington, DC 20002
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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