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Property profile & analytics
OFF-MARKET
Estimated value
$42,325,000
Office buildings
2041 Martin Luther King Jr SE Ave Washington, DC 20020-7024
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US16-0140332
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Construction
BRICK
Total area
73,167 SF
Lot
1.17 ac (50,864 SF)
Zoning code
MU-7B,PDR-1
APN
5772 1019
UPID
US16-0140332
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
by Request
CAP Approach
CAP
$40.14M
Comparable Approach
Comparable
$43.24M
Blend (final)
Blend
$42.33M
Owner & transaction history
Building Anacostia · 19 yrs held
Building Anacostia
since 2007
1 recorded transaction
Zoning & alternative use
MU-7B,PDR-1 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$62.7M
+113.4%
Restaurant
$46.1M
+57.0%
Commercial (general)
$31.9M
+8.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$43,485,000
6.5%
$40,140,000
7%
$37,270,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$29,360,000
Current use
AUTO REPAIR, GARAGE
$62,660,000
Change: +113% · Conversion: Difficult
RESTAURANT
$46,095,000
Change: +57% · Conversion: Moderate
COMMERCIAL (GENERAL)
$31,870,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$42.33M
Range $38.09M – $46.56M · ±10%
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
$578 / 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
$433,255
Tax year 2023
Assessed value
$23,170,450
Assessed 2023
Previous assessed
$23,170,450
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$4,615,910
Assessed improvement
$18,554,540
Land market value
$4,615,910
Improvement market value
$18,554,540
Total market value
$23,170,450
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1947
Construction
BRICK
Heating
NONE
Stories
1
Total area
73,167 SF
Lot
1.17 ac (50,864 SF)
Zoning code
MU-7B,PDR-1
APN
5772 1019
UPID
US16-0140332
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-7B,PDR-1 · Washington, DCZoning MU-7B,PDR-1 · permitted uses
MU-7B,PDR-1 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$29.4M
AUTO REPAIR, GARAGE
Est. value
$62.7M
RESTAURANT
Est. value
$46.1M
COMMERCIAL (GENERAL)
Est. value
$31.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
BRICK
Heating
NONE
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Building Anacostia
Individual
Mailing address
5620 LINDA LN, CAMP SPRINGS, MD 20748-2327
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2007
—
Building Anacostia
Curtis Properties INC
Grant Deed
$9,000,000 · Principal Commercial Funding
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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