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

    229 43rd NE Rd Washington, DC 20019-3446

    • Apartment buildings
    • 12,232 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2022
    $1,942,120
    Value Estimations
    $1,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0065020
    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

    • Apartment buildings

    Property Details for 229 43rd NE Rd

    Year built
    1967
    Construction
    BRICK
    Lot size
    0.29 lot acres
    Property size
    12,232 SF
    Zone code
    RA-1
    Property type
    Apartment buildings
    APN
    5087 0069
    APU
    50870069

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,090,000
      ML approach
      $2,170,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,556,000
      Market price range: $1.56M - $3.27M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,990,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -76.9403
    Latitude
    38.8928
    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
    $8,789
    $497,000
    $492,970
    $989,970
    -
    $497,000
    $492,970
    $989,970

    Comparable in this City

    • Value Estimation
      $1,355,000
      9,900 SF

      713 50th NE St

      APARTMENT HOUSE (5+ UNITS) • 9,900 SF
      713 50th NE St, Washington, DC 20019-4824
      View Details
    • Value Estimation
      $1,585,000
      9,688 SF

      248 37th SE Pl

      APARTMENT HOUSE (5+ UNITS) • 9,688 SF
      248 37th SE Pl, Washington, DC 20019-3102
      View Details
    • Value Estimation
      $1,720,000
      12,369 SF

      263 37th SE Pl

      APARTMENT HOUSE (5+ UNITS) • 12,369 SF
      263 37th SE Pl, Washington, DC 20019-3103
      View Details
    • Value Estimation
      $1,740,000
      14,280 SF

      4321 Brks NE St

      APARTMENT HOUSE (5+ UNITS) • 14,280 SF
      4321 Brks NE St, Washington, DC 20019-3450
      View Details
    • Value Estimation
      $2,860,000
      23,202 SF

      5210 Ee SE St, Unit 11

      APARTMENT HOUSE (5+ UNITS) • 23,202 SF
      5210 Ee SE St, Washington, DC 20019-6069
      View Details
    • Value Estimation
      $1,575,000
      13,440 SF

      5056 A SE St, Unit 11

      APARTMENT HOUSE (5+ UNITS) • 13,440 SF
      5056 A SE St, Washington, DC 20019-6460
      View Details

    Similar Nearby for Sale

    • $1,000,000

      Deanwood Multifamily Building Opportunity

      12-unit multifamily building in Deanwood neighborhood with value-add potential.
      5920 Foote St Ne, Washington, DC 20019
      View Details
    • $1,295,000
      10,800 SF

      Multifamily Building in Marshall Heights

      14-unit multifamily property in Southeast Washington, DC.
      5111 Ayers Pl SE, Washington, DC 20019
      View Details
    • $424,900

      Rebuilt Home Near Deanwood Metro

      Five-bedroom, three-bathroom home rebuilt in 2009, near Deanwood Metro.
      1027 49Th St NE, Washington, DC 20019
      View Details
    • $639,000

      Spacious Row House with ADU

      Three-level row house with accessory dwelling unit in Southeast DC.
      5219 F St SE, Washington, DC 20019
      View Details
    • $730,000
      2,520 SF

      Benning Ridge Multifamily Investment Opportunity

      Five-unit multifamily building in Benning Ridge neighborhood.
      4649 Hillside Rd SE, Washington, DC 20019
      View Details
    • $639,000

      Spacious Row House with ADU

      Three-level row house with ADU in Southeast DC.
      5217 F St SE, Washington, DC 20019
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Fort Dupont Park Apartment

      Two-bedroom apartment near Fort Dupont Park available for rent.
      2929 Nelson Pl Pl SE, Washington, DC 20019
      View Details
    • $3,995 /Mo

      Two-Level Religious Facility Available

      Two-level, centrally located religious facility near Minnesota Ave Metro.
      4510 Brooks St Ne, Washington, DC 20019
      View Details
    • $5,000 /Mo

      Specialty Property for Rent

      Specialty property available for rent in Washington, DC.
      4347 Hunt St NE, Washington, DC 20019
      View Details
    • Contact for pricing
      2,000 SF

      Prime Retail Space, Minnesota Ave NE

      2,000 SF Endcap Retail Space in DC
      4020 Minnesota Ave, Washington, DC 20019
      View Details
    • Contact for pricing

      Former Restaurant Space Near Metro

      End-cap restaurant space with existing infrastructure, near metro.
      Washington, DC 20019
      View Details
    • $36 SF/Yr
      13,600 SF

      Benning Road NE Office Space

      Prime DC Office/Retail, 9,300 SF Available
      3451 Benning Rd, Washington, DC 20019
      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.
    229 43rd NE Rd
    Washington, DC 20019-3446
    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.