Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2109 Water SW St Washington, DC 20024

    • Commercial land
    • 800 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0163326
    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

    • Buzzard Point Park / Park

    Property Details for 2109 Water SW St

    Lot size
    0.14 lot acres
    Property size
    800 SF
    Zone code
    CG-5
    Property type
    Commercial land
    APN
    0667 S 0009
    APU
    0667S0009

    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
    DC
    Longitude
    -77.0116
    Latitude
    38.8642
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $2,289,800
    $0.00
    $2,289,800
    -
    $2,289,800
    $0.00
    $2,289,800

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      652 Wharf SW St

      VACANT COMMERCIAL LAND • 0.01 Acres
      652 Wharf SW St, Washington, DC 20024-3590
      View Details
    • Value Estimation by Request
      1.03 Acres

      Washington, DC 20024

      VACANT COMMERCIAL LAND • 1.03 Acres
      Washington, DC 20024
      View Details
    • Value Estimation by Request
      0.77 Acres

      771 Wharf SW St

      VACANT COMMERCIAL LAND • 0.77 Acres
      771 Wharf SW St, Washington, DC 20024-3433
      View Details
    • Value Estimation by Request
      0.77 Acres

      771 Wharf SW St

      VACANT COMMERCIAL LAND • 0.77 Acres
      771 Wharf SW St, Washington, DC 20024-3433
      View Details
    • Value Estimation by Request
      0.77 Acres

      771 Wharf SW St

      VACANT COMMERCIAL LAND • 0.77 Acres
      771 Wharf SW St, Washington, DC 20024-3433
      View Details
    • Value Estimation by Request
      0.29 Acres

      Washington, DC 20024

      VACANT COMMERCIAL LAND • 0.29 Acres
      Washington, DC 20024
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Land Available in Washington, DC

      Land for sale in Washington, DC, priced at $1,250,000.
      1404 1St St SW, Washington, DC 20024
      View Details
    • $719,900

      Residential Property in Washington, DC

      Residential property for sale in Washington, DC.
      430 M St SW, Washington, DC 20024
      View Details
    • $520,000

      Washington DC Multifamily Property

      Multifamily property for sale in Washington, DC.
      1338 4Th St SW T1338, Washington, DC 20024
      View Details
    • $499,000

      Residential Income Property For Sale

      Multifamily property available for purchase in Washington, DC.
      345 O St SW, Washington, DC 20024
      View Details
    • $695,000

      Specialty Property Available For Sale

      Specialty property for sale in Washington, DC, priced at $695,000.
      118 P St SW, Washington, DC 20024
      View Details
    • $699,000

      Southwest Waterfront Multifamily Development Opportunity

      Vacant two-unit multifamily property with development potential near The Wharf.
      81 Q St Sw, Washington, DC 20024
      View Details

    Similar Nearby for Lease

    • $44 SF/Yr
      18,096 SF

      Convenient Office Space Near Union

      350,000 square foot office building near Union Station.
      750 1St St NE, Washington, DC 20024
      View Details
    • Contact for pricing
      2,686 SF

      Office Space in Washington, DC

      2,686 SF office space available for lease.
      1100 1St St NE, Washington, DC 20024
      View Details
    • Contact for pricing
      6,314 SF

      Retail Space in Waterfront Getaway

      Retail space with multimodal accessibility in a refreshing outdoor atmosphere.
      220 Water St SE, Washington, DC 20024
      View Details
    • $38 SF/Yr
      9,901 SF

      Office Space with Atrium

      Nine-story office building featuring a nine-floor atrium.
      400 Virginia Ave SW, Washington, DC 20024
      View Details
    • $55 SF/Yr
      13,308 SF

      Office Space Near Union Market

      Office space for rent near NoMa Metro Station.
      1275 1St St NE, Washington, DC 20024
      View Details
    • Contact for pricing
      2,140 SF

      Retail Spaces Near Farragut West

      Newly renovated retail spaces available across from Farragut West Metro.
      1776 I St NW, Washington, DC 20024
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2109 Water SW St
    Washington, DC 20024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.