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Property profile & analytics
FOR LEASE
Office buildings
2300 M St NW Washington, DC 20037
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US16-0029151
For Lease
1 / 2
$28,505,000
2300 M St NW, Washington, DC 20037
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
TILT-UP CONCRETE
Total area
120,872 SF
Lot
0.33 ac (14,219 SF)
Zoning code
MU-6B
APN
0037 0853
UPID
US16-0029151
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
Current use
Occupant on record · Public records
-
Net Team Consulting Business Management Consultant
-
The GW Medical Faculty Associates Medical Clinic
-
Jacqueline Rufo, MSN, FNP-BC Physician
-
Serge Bauer, P.C. Law Firm
-
Kezia Sam, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$31.75M
Blend (final)
Blend
$28.51M
Owner & transaction history
Medical Faculty Associates INC · 15 yrs held
Medical Faculty Associates INC
since 2010
7 recorded transactions
Zoning & alternative use
MU-6B · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$41,140,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$28.51M
Range $25.65M – $31.36M · ±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
$236 / 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
$776,180
Tax year 2023
Assessed value
$41,925,380
Assessed 2023
Previous assessed
$41,925,380
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$17,204,990
Assessed improvement
$24,720,390
Land market value
$17,204,990
Improvement market value
$24,720,390
Total market value
$41,925,380
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
9
Total area
120,872 SF
Lot
0.33 ac (14,219 SF)
Zoning code
MU-6B
APN
0037 0853
UPID
US16-0029151
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-6B · Washington, DC
Zoning MU-6B · permitted uses
MU-6B · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$41.1M
RETAIL STORES
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
9
Lot
0.33 ac
Current owner
From public records · entity-resolved
Medical Faculty Associates INC
Entity
Mailing address
2150 PENNSYLVANIA AVE NW2B, WASHINGTON, DC 20037-3201
Ownership since
2010
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
Aug 30, 2018
—
Medical Faculty Associates INC
—
Deed
related
$2,500,000 · Eagle Bk
Dec 22, 2016
—
Medical Faculty Associates INC
—
Deed
related
$55,000,000 · Eaglebank & Elex Group INC
Nov 23, 2016
—
Medical Faculty Associates INC
—
Deed
related
$55,000,000 · Eagle Bk
Oct 7, 2010
$49,500,000
Medical Faculty Associates INC
M Street Partners Holdings LLC
Special Warranty Deed
$42,000,000 · Branch Banking & Trust Co
Oct 23, 2007
$66,058,338
M Street Partners Holdings LLC
2300 M Street Washington Dc
Grant Deed
—
—
—
Medical Faculty Associates INC
—
Deed Of Trust
related
$5,000,000 · Branch Bk&tr
—
—
Medical Faculty Associates INC
—
Deed Of Trust
related
$55,000,000 · Eagle Bk
—
—
Medical Faculty Associates INC
—
Loan Modification
related
$55,000,000 · Eaglebank & Elex Group INC
—
—
Medical Faculty Associates INC
—
Deed Of Trust
related
$2,500,000 · Eagle Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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