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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Turn key restaurants
237 2nd NW St Washington, DC 20001-2136
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US16-0068153
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1916
Construction
BRICK
Total area
2,793 SF
Lot
0.03 ac (1,151 SF)
Zoning code
D-3
APN
0574 0017
UPID
US16-0068153
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
-
NAKID Social Events in DC Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$835k
Owner & transaction history
237 2nd LLC · 2 yrs held
237 2nd LLC
since 2023
Last sale
$875,000
3 recorded transactions
Zoning & alternative use
D-3 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
507 DESIGN (D-1-R) 508 PURPOSE AND OBJECTIVE (D-2) 509 DENSITY - FLOOR AREA RATIO (FAR) (D-2) 510 HEIGHT (D-2) 511 FRONT BUILD-TO (D-2) 512 FRONT SETBACK (D-2) 513 USES (D-2) 514 DESIGN (D-2) 515 PURPOSE AND OBJECTIVE (D-3) 516 DENSITY - FLOOR AREA RATIO (FAR) (D-3) 517 HEIGHT (D-3) 518 FRONT BUILD-TO (D-3) 519 FRONT SETBACK (D-3) 520 USES (D-3) 521 DESIGN (…
Zone name
Downtown
General category
MIXED_USE
Zone area
74.81 ac
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
$820,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $875k (Oct 17 2023)
Last sale anchor
$875k
Oct 17 2023
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
$299 / 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
$38,241
Tax year 2023
Assessed value
$764,810
Assessed 2023
Previous assessed
$764,810
+0.0% YoY
Effective rate
5.00%
On assessed value
Assessed land
$291,200
Assessed improvement
$473,610
Land market value
$291,200
Improvement market value
$473,610
Total market value
$764,810
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1916
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
2,793 SF
Lot
0.03 ac (1,151 SF)
Zoning code
D-3
APN
0574 0017
UPID
US16-0068153
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
D-3 · Washington, DCZoning D-3 · permitted uses
D-3 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
507 DESIGN (D-1-R) 508 PURPOSE AND OBJECTIVE (D-2) 509 DENSITY - FLOOR AREA RATIO (FAR) (D-2) 510 HEIGHT (D-2) 511 FRONT BUILD-TO (D-2) 512 FRONT SETBACK (D-2) 513 USES (D-2) 514 DESIGN (D-2) 515 PURPOSE AND OBJECTIVE (D-3) 516 DENSITY - FLOOR AREA RATIO (FAR) (D-3) 517 HEIGHT (D-3) 518 FRONT BUILD-TO (D-3) 519 FRONT SETBACK (D-3) 520 USES (D-3) 521 DESIGN (D-3) 522 REVIEW REQUIREMENTS (D-3) 523 PURPOSE AND OBJECTIVE (D-4) 524 DENSITY - F
Zone name
Downtown
General category
MIXED_USE
Zone area
74.81 ac
Building & site characteristics
From public records
Year built
1916
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
237 2nd LLC
Entity
Mailing address
1021 HAMLIN ST NE, WASHINGTON, DC 20017-3423
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$875,000
237 2nd LLC
Cooperpriest 237 LLC
Deed
$858,500 · Pfg Fund V LLC
Jun 22, 2021
$1,261,000
Cooperpriest 237 LLC
Second Street Properties LLC
Special Warranty Deed
—
—
—
Second Street Properties LLC
—
Deed Of Trust
related
$50,000 · Capital 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.
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