Property profile

2 Massachusetts NW Ave Washington, DC 20001

OFF-MARKET
Banks
Property ID
US16-0047007
8,825 SF 0.04 ac lot Built 1925
Entity Owned 23-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a free-standing, multi-level restaurant building with a total building area of 7,712 square feet and historic use associated with restaurant operations. The structure was designed by William Van Alen, an architect known for later work on the Chrysler Building, and it dates to the 1920s. The site includes frontage on Massachusetts Avenue and has an existing configuration that allows for a possible additional 1,224 square feet of build-out along Massachusetts Avenue.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1925
Construction TILT-UP CONCRETE
Total area 8,825 SF
Lot 0.04 ac (1,956 SF)
Zoning code D-3
APN 0626 0077
UPID US16-0047007

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
  • Atm
  • Law Firm
  • Wedding Service Event Planning
  • Social Service Agency
  • Counselor

Location

2 Massachusetts NW Ave Washington, DC 20001-1432
Washington metro Census 5900 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

D-3 · Washington, DC
Zoning description

507 DESIGN (D-1-R) 508 PURPOSE AND OBJECTIVE (D-2) 509 DENSITY - FLOOR AREA RATIO (FAR) (D-2) 510 HEIGHT (D-2) 511 FRONT BUILD-TO (D-2) 512 FRONT SETBACK (D-2) 513 USES (D-2) 514 DESIGN (D-2) 515 PURPOSE AND OBJECTIVE (D…

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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