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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2221 Adams Pl Ned Washington, DC 20018-3600

    • Industrial properties
    • 4,000 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0095762
    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

    • Industrial properties

    Property Details for 2221 Adams Pl Ned

    Construction
    BRICK
    Lot size
    0.15 lot acres
    Property size
    4,000 SF
    Zone code
    PDR2
    Property type
    Industrial properties
    APN
    4259 2004
    APU
    42592004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $154,000
      Market price range: $76.6k - $575k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $295,000
      Current use
      OFFICE BUILDING
      $310,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -76.9739
    Latitude
    38.9192
    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
    2024
    $10,031
    $480,140
    $127,790
    $607,930
    -
    $480,140
    $127,790
    $607,930

    Comparable in this City

    • Value Estimation
      $210,000
      4,000 SF

      2221 Adams Pl Ne Ste C

      CONDOMINIUMS (INDUSTRIAL) • 4,000 SF
      2221 Adams Pl Ne Ste C, Washington, DC 20018-3600
      View Details
    • Value Estimation
      $355,000
      5,876 SF

      2219 33rd NE St

      INDUSTRIAL (GENERAL) • 5,876 SF
      2219 33rd NE St, Washington, DC 20018-1505
      View Details
    • Value Estimation
      $200,000
      4,000 SF

      2221 Adams Pl Ne Ste B

      CONDOMINIUMS (INDUSTRIAL) • 4,000 SF
      2221 Adams Pl Ne Ste B, Washington, DC 20018-3600
      View Details
    • Value Estimation
      $290,000
      4,000 SF

      2221 Adams Pl Ne Ste A

      CONDOMINIUMS (INDUSTRIAL) • 4,000 SF
      2221 Adams Pl Ne Ste A, Washington, DC 20018-3600
      View Details
    • Value Estimation
      $515,000
      106,200 SF

      3030 V NE St

      WAREHOUSE, STORAGE • 106,200 SF
      3030 V NE St, Washington, DC 20018-1521
      View Details
    • Value Estimation
      $590,000
      28,400 SF

      3100 V NE St

      WAREHOUSE, STORAGE • 28,400 SF
      3100 V NE St, Washington, DC 20018-1523
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Industrial Asset with Value-Add Potential

      Rare industrial property with diverse permitted uses in fast-growing neighborhood.
      3001 Earl Pl NE, Washington, DC 20018
      View Details
    • Contact for pricing
      3,432 SF

      Functional Industrial Space For Sale

      Industrial space with drive-in access near major routes.
      2405 22Nd St NE, Washington, DC 20018
      View Details
    • $2,100,000
      0.46 Acres

      Restored Church Plus Buildable Lots

      Restored church with development potential in Washington, DC.
      22ND 22Nd St NE, Washington, DC 20018
      View Details
    • $420,000
      0.14 Acres

      Land Parcel in Growing Area

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

      Specialty Property for Sale

      Specialty property available for purchase in Washington, DC.
      3512 18Th St NE, Washington, DC 20018
      View Details
    • $824,900

      Specialty Property Available For Sale

      Specialty property for sale in Washington, DC, priced at $824,900.
      3811 SOUTH Dakota Ave NE, Washington, DC 20018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,188 SF

      Prime DC Industrial Parcel

      0.37 Acres, Fully Fenced, $15k/Month
      2405 Douglas St, Washington, DC 20018
      View Details
    • $15,000 /Mo

      Industrial Parcel Near New York Avenue

      16,188 SF industrial parcel suitable for various uses.
      2405 Douglas St Ne, Washington, DC 20018
      View Details
    • Contact for pricing
      20,180 SF

      Industrial Space Available for Rent

      20,180 SF industrial space with 18' ceilings, available September 2024.
      3390 V St Ne, Washington, DC 20018
      View Details
    • Contact for pricing
      173,677 SF

      Gateway Business Park Flex Space

      Flex/industrial space in premier Washington DC business park for rent.
      3300-3390 V St NE, Washington, DC 20018
      View Details
    • Contact for pricing
      40,000 SF

      Industrial Building on Bladensburg Road

      Industrial space for rent near Maryland-DC line.
      3152 Bladensburg Rd NE, Washington, DC 20018
      View Details
    • Contact for pricing
      99,000 SF

      Gateway Business Park Flex Space

      Flex/industrial space with secure parking in Washington DC.
      3015-3055 V St NE, Washington, DC 20018
      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.
    2221 Adams Pl Ned
    Washington, DC 20018-3600
    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.