Property profile

2052 Virginia NE Ave Washington, DC 20002

OFF-MARKET
Other warehouses
Property ID
US16-0092644
32,228 SF 0.42 ac lot Built 1947
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a two-level, 36,000-square-foot industrial facility in the Ivy City industrial submarket of Washington, DC, situated on a 0.42-acre parcel zoned PDR-1. It is accessed directly from West Virginia Ave NE for the first-floor tenant and from a private alley off 16th Street NE for the upper level. The first (lower) level includes three dock-high doors, while the second (upper) level includes four dock-high doors. The upper level has heavy floor loads suitable for storage and light distribution. The three suites are separately metered for water and electricity, and the first-floor space has heavy electrical service available.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1947
Construction BRICK
Total area 32,228 SF
Lot 0.42 ac (18,402 SF)
Zoning code PDR-1
APN 4093 0822
UPID US16-0092644

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
  • Production Facility Brewery & Distillery

Location

2052 Virginia NE Ave Washington, DC 20002-1881
Washington metro Census 8803 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$3.63M

Owner & transaction history

since 2015
5 recorded transactions
2024
Price N/A
2015
$4.3M
2005
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PDR-1 · Washington, DC
Zoning description

05 PENTHOUSE AND ROOFTOP STRUCTURE 206 [RESERVED] 207 REAR YARD 208 SIDE YARD 209 COURT 210 TRANSITION SETBACKS 211 GREEN AREA RATIO 211 Source Note CHAPTER 3 CAPITOL INTEREST PRODUCTION, DISTRIBUTION, AND REPAIR ZONE -…

General category COMMERCIAL

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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