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Property profile & analytics
OFF-MARKET
Estimated value
$5,750,000
Drive through restaurants
2002 Fenwick NE St Washington, DC 20002-1714
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US16-0100649
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1936
Construction
BRICK
Total area
4,000 SF
Lot
0.1 ac (4,500 SF)
Zoning code
PDR-2
APN
PAR 0142 0029
UPID
US16-0100649
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.75M
Owner & transaction history
Culture Building LLC · 2 yrs held
Culture Building LLC
since 2024
Last sale
$5.8M
5 recorded transactions
Zoning & alternative use
PDR-2 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is intended to permit medium-density commercial and PDR activities employing a large workforce and requiring some heavy machinery under controls that minimize any adverse impacts on adjacent, more restrictive zones
Zone name
Production Distribution And Repair
General category
COMMERCIAL
Zone area
164.46 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,750,000
ML approach
$5,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.75M
Range $5.18M – $6.33M · ±10% · vs last sale $5.75M (May 17 2024)
Last sale anchor
$5.75M
May 17 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,438 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,135
Tax year 2023
Assessed value
$1,352,220
Assessed 2023
Previous assessed
$1,352,220
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$296,780
Assessed improvement
$1,055,440
Land market value
$296,780
Improvement market value
$1,055,440
Total market value
$1,352,220
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1936
Construction
BRICK
Heating
NONE
Stories
1
Total area
4,000 SF
Lot
0.1 ac (4,500 SF)
Zoning code
PDR-2
APN
PAR 0142 0029
UPID
US16-0100649
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDR-2 · Washington, DCZoning PDR-2 · permitted uses
PDR-2 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is intended to permit medium-density commercial and PDR activities employing a large workforce and requiring some heavy machinery under controls that minimize any adverse impacts on adjacent, more restrictive zones
Zone name
Production Distribution And Repair
General category
COMMERCIAL
Zone area
164.46 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1936
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Culture Building LLC
Entity
Mailing address
2002 FENWICK ST NE, WASHINGTON, DC 20002-1714
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$5,750,000
Culture Building LLC
Jemals Big Chief LLC
Special Warranty Deed
$2,875,000 · M & T Bank
Nov 24, 2014
$1,400,000
Jemals Big Chief LLC
Calabrese Joseph A
Grant Deed
$948,750 · Mainstreet Bk
Aug 25, 2008
—
Calabrese Joseph A Tr
Calabrese,joseph A
Quit Claim Deed
related
—
—
—
Joseph A Calabrese
—
Deed Of Trust
related
$220,000 · Adams National Bank
—
—
Joseph A Calabrese
—
Deed Of Trust
related
$280,000 · Suntrust Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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