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    Property profile & analytics

    2010 Rhode Island Ave NE, Unit BASEMENT Washington, DC 20018

    • Commercial real estate
    • 3,690 SF
    For Lease
    View listing
    $2,753 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0173105
    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

    • Commercial real estate

    Property Details for 2010 Rhode Island Ave NE

    Property size
    3,690 SF
    Property type
    Commercial real estate

    Description

    This exceptional executive office space at 2010 Rhode Island Ave NE in Washington, DC, offers a total of 3,690 square feet, currently entirely vacant and ready for immediate occupancy. The property is ideally suited for businesses seeking flexible and modern office solutions in a prime location. Multiple tenancy options are available, with spaces ranging from a minimum of 1,330 square feet to a maximum contiguous space of 2,360 square feet. This allows for customization to fit various business needs and sizes. The building is located in the District of Columbia, specifically in the vibrant and accessible Northeast quadrant, offering easy access to major transportation routes and amenities. The address is 2010 Rhode Island Avenue NE, Washington, DC 20018. This presents a unique opportunity for businesses to establish a prestigious presence in the nation's capital. The entire 3,690 square feet is currently available, providing a blank canvas for a company to design and build out their ideal workspace. The property type is classified as an office building, specifically catering to executive office needs. This location offers a blend of professional ambiance and convenient access, making it an attractive option for businesses of all sizes. The property is situated in the District of Columbia, offering a strategic location within the city. Interested parties are encouraged to inquire about lease terms and availability.

    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
    District of Columbia
    Longitude
    -76.9756249
    Latitude
    38.929614

    Comparable in this City

    • $47 SF/Yr
      1,785 SF

      Office Space in Washington, DC

      Office space available for rent in Washington, DC.
      1730 Rhode Island Ave NW, Washington, DC 20018
      View Details
    • $2,771 /Mo
      1,742 SF

      Bright Office Space Available

      Second-floor office suite in a dynamic, growing DC corridor.
      2010 Floor -, Washington, DC 20018
      View Details
    • $2,753 /Mo
      1,742 SF

      Rhode Island Avenue Office Space

      Basement-level office space for lease in a dynamic location.
      2010 Rhode Island Ave NE, Washington, DC 20018
      View Details
    • $46 SF/Yr
      5,966 SF

      Office Building in Central Business District

      12-story office building with renovated lobby and full floor suites.
      1710 Rhode Island Ave NW, Washington, DC 20018
      View Details
    • Contact for pricing
      13,010 SF

      Full Building Opportunity For Rent

      34,088 SF building with dedicated parking and high visibility.
      900 Rhode Island Ave Ne, Washington, DC 20018
      View Details
    • $2,800 /Mo

      Flexible Second Floor Office Space

      Bright office space with flexible workspaces and abundant natural light.
      2010 Rhode Island Ave Ne, Washington, DC 20018
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Mixed-Use Property, Medical Office Build-Out

      Mixed-use property built out as medical office, move-in ready.
      2218 Rhode Island Ave NE, Washington, DC 20018
      View Details
    • $1,595,000

      Office Investment Opportunity

      Office property for sale, currently under lease.
      1809 Rhode Island Ave Ne, Washington, DC 20018
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    • $2,100,000
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      Restored church with development potential in Washington, DC.
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      Land Parcel in Growing Area

      0.14-acre land parcel ideal for future development or resale.
      3010 Douglas St NE, Washington, DC 20018
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    • $600,000

      Specialty Property for Sale

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    Similar Nearby for Lease

    • $47 SF/Yr
      1,785 SF

      Office Space in Washington, DC

      Office space available for rent in Washington, DC.
      1730 Rhode Island Ave NW, Washington, DC 20018
      View Details
    • $2,771 /Mo
      1,742 SF

      Bright Office Space Available

      Second-floor office suite in a dynamic, growing DC corridor.
      2010 Floor -, Washington, DC 20018
      View Details
    • $2,753 /Mo
      1,742 SF

      Rhode Island Avenue Office Space

      Basement-level office space for lease in a dynamic location.
      2010 Rhode Island Ave NE, Washington, DC 20018
      View Details
    • $46 SF/Yr
      5,966 SF

      Office Building in Central Business District

      12-story office building with renovated lobby and full floor suites.
      1710 Rhode Island Ave NW, Washington, DC 20018
      View Details
    • Contact for pricing
      13,010 SF

      Full Building Opportunity For Rent

      34,088 SF building with dedicated parking and high visibility.
      900 Rhode Island Ave Ne, Washington, DC 20018
      View Details
    • $2,250 /Mo

      Retail/Office Space Near Transportation

      Self-contained retail or office space near public transportation.
      3417 18Th St Ne WASHINGTON, Washington, DC 20018
      View Details
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    Washington, DC 20018
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    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
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