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Property profile & analytics
OFF-MARKET
Estimated value
$12,460,000
Office Spaces
2401 Pennsylvania NW Ave Washington, DC 20037-1730
Entity Owned
3-yr Hold
Free & Clear
Property ID
US16-0009236
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Construction
TILT-UP CONCRETE
Total area
221,853 SF
Lot
0.42 ac (18,368 SF)
Zoning code
MU-6B
APN
0026 0011
UPID
US16-0009236
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
$9.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.59M
Blend (final)
Blend
$12.46M
Owner & transaction history
7k 2401 LLC · 3 yrs held
7k 2401 LLC
since 2023
Last sale
$13.3M
7 recorded transactions
Zoning & alternative use
MU-6B · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Note 210 LOT OCCUPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 PLAZA 212 Source Note 213 WATERFRONT SETBACK 213 Source Note CHAPTER 3 DUPONT CIRCLE MIXED-USE ZONES - MU-1/DC, MU-2/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
42.78 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
$12,460,000
ML approach
$9,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.46M
Range $11.21M – $13.71M · ±10% · vs last sale $13.33M (Jul 31 2023)
Last sale anchor
$13.33M
Jul 31 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
$56 / 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
$907,698
Tax year 2023
Assessed value
$67,194,060
Assessed 2023
Previous assessed
$67,194,060
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$23,033,470
Assessed improvement
$44,160,590
Land market value
$23,033,470
Improvement market value
$44,160,590
Total market value
$67,194,060
Applied tax rate
1.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
221,853 SF
Lot
0.42 ac (18,368 SF)
Zoning code
MU-6B
APN
0026 0011
UPID
US16-0009236
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-6B · Washington, DCZoning 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
Zoning description
Note 210 LOT OCCUPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 PLAZA 212 Source Note 213 WATERFRONT SETBACK 213 Source Note CHAPTER 3 DUPONT CIRCLE MIXED-USE ZONES - MU-1/DC, MU-2/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP, MU-4/CAP, MU-4/CHC, AND MU-4/
Zone name
Mixed Use
General category
MIXED_USE
Zone area
42.78 ac
Building & site characteristics
From public records
Year built
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
7k 2401 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
818 18TH ST NW STE #400, WASHINGTON, DC 20006-3504
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
$40,000,000
7k 2401 LLC
Stuart S Levin
Trustees Deed
related
—
Dec 2, 2014
$75,375,000
2401 Penn Avenue LLC
2401p Co LLC
Grant Deed
related
—
Dec 20, 2010
$13,330,000
2401p Co LLC
1250c Co LLC
Grant Deed
—
Mar 21, 2008
—
1250c/2401p Co LLC
—
Deed Of Trust
related
$7,500,000 · Deutsche Bank Trust Co America
—
—
1250c/2401p Co LLC
—
Deed Of Trust
related
—
—
—
2401p Co LLC
—
Deed Of Trust
related
$30,000 · Pnc Bank
—
—
1250c/2401p Co LLC
—
Deed Of Trust
related
—
—
—
2401 Penn Avenue LLC
—
Deed Of Trust
related
$43,000,000 · Miscellaneous Ins Co
—
—
1250c/2401p Co LLC
—
Deed Of Trust
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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