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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
2121 Ward NW Pl Washington, DC 20037-1213
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US16-0113440
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
BRICK
Total area
55,474 SF
Lot
0.23 ac (10,170 SF)
Zoning code
MU-22
APN
0070 0188
UPID
US16-0113440
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Csc Ward Place LLC · 2 yrs held
Csc Ward Place LLC
since 2024
Last sale
$550,548
6 recorded transactions
Zoning & alternative use
MU-22 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $551k (Jan 26 2024)
Last sale anchor
$551k
Jan 26 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
$10 / 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
$453,086
Tax year 2023
Assessed value
$24,526,940
Assessed 2023
Previous assessed
$24,526,940
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$6,712,200
Assessed improvement
$17,814,740
Land market value
$6,712,200
Improvement market value
$17,814,740
Total market value
$24,526,940
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
1985
Construction
BRICK
Heating
NONE
Stories
6
Total area
55,474 SF
Lot
0.23 ac (10,170 SF)
Zoning code
MU-22
APN
0070 0188
UPID
US16-0113440
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-22 · Washington, DC
Zoning MU-22 · permitted uses
MU-22 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
BRICK
Heating
NONE
Stories
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
Csc Ward Place LLC
Entity
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
$550,548
Csc Ward Place LLC
Gerald Waldman
Deed
$6,000,000 · Hingham Institution For Savings
May 22, 2023
$20,500,000
Csc Ward Place LLC
Ellington Building LLC
Special Warranty Deed
$15,375,000 · Hingham Institution For Savings
Sep 11, 2013
$26,500,000
Ellington Building LLC
L Street INC
Grant Deed
$20,475,000 · United Bank
Jan 29, 2008
—
L Street INC
—
Deed Of Trust
related
$19,500,000 · Virginia Commerce Bank
Sep 28, 2006
$9,350,000
L Street INC
Auger,ulysses G & Lulu H
Grant Deed
$3,000,000 · Virginia Commerce Bank
Jul 29, 2004
$9,350,000
L Street INC
Auger,ulysses G & Lulu H
Deed Of Trust
related
$8,500,000 · Virginia Commerce Bank
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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