2235 Shannon SE Pl Washington, DC 20020-5738

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Property lookup
Office buildings
DC
Washington
20020
2235 Shannon SE Pl

Property profile & analytics

2235 Shannon SE Pl, Washington, DC 20020-5738

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Office buildings
82,134 SF
0.44 lot acres

Off-Market

Property ID

US16-0178744

Value Estimations

$47,510,000

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Cap Rate Potential

Location Intelligence

Current Use by Public Records

Office buildings

Property Details for 2235 Shannon SE Pl

Year built: 1962
Construction: BRICK
Lot size: 0.44 lot acres
Zone code: MU-4
Property type: Office buildings
APN: 5784 1100
APU: 57841100

Sales History

Date	Price	Buyer	Seller	Deed Type	Mortgage
Dec 31, 2013	—	2235 Shannon Place Trust	Curtis Properties INC	Trustees Deed · related	$24M · United Bk/rockville
—	—	2235 Shannon Place Trust	—	Loan Modification · related	$5.2M · United Bk
—	—	2235 Shannon Place Trust	—	Deed Of Trust · related	$4.8M · United Bk

Value Estimations

based on Realmo’s proprietary methodology

CAP approach

CAP Return

Estimation

6%

$48,815,000

6.5%

$45,060,000

7%

$41,840,000
Comparable approach

Method

Estimation

Statistic Estimate

$48,539,000

Market price range: $16.8M - $48.5M

AI Estimate

$48,938,000

Market price range: $1.12M - $48.9M
Alternative Use

Use

Estimation

OFFICE BUILDING

$32,955,000
Current use

AUTO REPAIR, GARAGE

$70,340,000
Change: +113% Conversion: Difficult

RESTAURANT

$51,740,000
Change: +57% Conversion: Moderate

COMMERCIAL (GENERAL)

$35,780,000
Change: +9% Conversion: Easy

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Location Insight

Map
Local Demand

City: Washington
County: District Of Columbia
State: DC
Longitude: -76.9914
Latitude: 38.8647
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

$657,302

$751,280

$34,943,060

$35,694,340

$751,280

$34,943,060

$35,694,340

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