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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Warehouses
2230 Lawrence NE Ave Washington, DC 20018-3606
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US16-0018331
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Construction
BRICK
Total area
5,465 SF
Lot
0.3 ac (13,197 SF)
Zoning code
PDR-1
APN
4107 0229
UPID
US16-0018331
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
$1.38M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
United LLC · 3 yrs held
United LLC
since 2022
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
PDR-1 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 - PDR-1/CAP 300 PURPOSE AND INTENT 300 Source Note 301 DENSITY 301 Source Note 302 HEIGHT 302 Source Note 303 PENTHOUSE AND ROOFTOP STRUCTURE…
Zone name
Production Distribution And Repair
General category
COMMERCIAL
Zone area
1,132.93 ac
Top alternative use upside
Office building
$2.2M
+27.9%
Retail stores
$1.9M
+8.5%
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
$1,290,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,715,000
Current use
OFFICE BUILDING
$2,195,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$1,860,000
Change: +8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,620,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.65M (Dec 19 2022)
Last sale anchor
$1.65M
Dec 19 2022
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
$258 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,520
Tax year 2024
Assessed value
$819,390
Assessed 2024
Previous assessed
$803,420
+2.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$814,390
Assessed improvement
$5,000
Land market value
$814,390
Improvement market value
$5,000
Total market value
$819,390
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Construction
BRICK
Heating
NONE
Stories
1
Total area
5,465 SF
Lot
0.3 ac (13,197 SF)
Zoning code
PDR-1
APN
4107 0229
UPID
US16-0018331
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDR-1 · Washington, DCZoning PDR-1 · permitted uses
PDR-1 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 - PDR-1/CAP 300 PURPOSE AND INTENT 300 Source Note 301 DENSITY 301 Source Note 302 HEIGHT 302 Source Note 303 PENTHOUSE AND ROOFTOP STRUCTURE 303 Source Note 304 SPECIAL EXCEPTION REVIEW CRITERIA 304 Source Note CHAPTER 4 FORT
Zone name
Production Distribution And Repair
General category
COMMERCIAL
Zone area
1,132.93 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
United LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1232 4TH ST NE, WASHINGTON, DC 20002-3432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
$1,650,000
United LLC
Innovative Recyclers Dc LLC
Special Warranty Deed
—
Jan 28, 2013
$8,679,960
Innovative Recyclers Dc LLC
Innovative Recyclers INC
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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