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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Commercial real estate
223 Upshur NW St Washington, DC 20011-4847
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US16-0001959
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1925
Construction
BRICK
Total area
4,360 SF
Lot
0.06 ac (2,596 SF)
Zoning code
MU-3A,RA-1
APN
3317 0110
UPID
US16-0001959
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
$1.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
Ramrak Properties LLC · 6 yrs held
Ramrak Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
MU-3A,RA-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$218 / 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
$13,935
Tax year 2023
Assessed value
$925,860
Assessed 2023
Previous assessed
$925,860
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$191,300
Assessed improvement
$734,560
Land market value
$191,300
Improvement market value
$734,560
Total market value
$925,860
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1925
Construction
BRICK
Heating
NONE
Stories
2
Total area
4,360 SF
Lot
0.06 ac (2,596 SF)
Zoning code
MU-3A,RA-1
APN
3317 0110
UPID
US16-0001959
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-3A,RA-1 · Washington, DC
Zoning MU-3A,RA-1 · permitted uses
MU-3A,RA-1 · 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
1925
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Ramrak Properties LLC
Entity
Mailing address
14201 PARK CTR DR STE #408, LAUREL, MD 20707-5251
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
$1,100,000
Ramrak Properties LLC
223 Upshur Street Nw LLC
Special Warranty Deed
$800,000 · Capital Bank NA
Jun 28, 2017
$540,000
223 Upshur Street Nw LLC A District
223 Upshur Street LLC A District Of
Special Warranty Deed
$575,000 · Capital Bank NA
Oct 8, 2013
$588,761
223 Upshur Street LLC
Msp INC
Grant Deed
—
Jul 21, 2011
—
Msp LLC
—
Trustees Deed
related
$87,000 · Steven M Sushner
Dec 4, 2006
$400,000
Msp LLC
Bee & Bee Investment Co INC
Grant Deed
$480,000 · Mercantile Potomac Bank
—
—
223 Upshur Street LLC
—
Loan Modification
related
$577,500 · Regal Bank & Trust
—
—
223 Upshur Street Nw LLC
—
Deed Of Trust
related
$100,000 · Rainman Capital LLC Rainman Capital LLC
—
—
Msp LLC
—
Deed Of Trust
related
$577,500 · Regal Bank & Trust
—
—
223 Upshur Street Nw LLC
—
Deed Of Trust
related
$65,000 · Rainman Capital LLC Rainman Capital LLC
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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