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Property profile & analytics
OFF-MARKET
Estimated value
$4,130,000
Hotels
2500 Pennsylvania NW Ave Washington, DC 20037-1611
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US16-0041621
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1978
Construction
BRICK
Total area
94,951 SF
Lot
0.35 ac (15,129 SF)
Zoning code
MU-6B
APN
0015 0048
UPID
US16-0041621
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.13M
Owner & transaction history
James Hastings · 5 yrs held
James Hastings
since 2021
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$43 / 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
$482,226
Tax year 2023
Assessed value
$25,066,600
Assessed 2023
Previous assessed
$25,066,600
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$12,082,020
Assessed improvement
$12,984,580
Land market value
$12,082,020
Improvement market value
$12,984,580
Total market value
$25,066,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1978
Construction
BRICK
Heating
NONE
Stories
2
Units
124
Total area
94,951 SF
Lot
0.35 ac (15,129 SF)
Zoning code
MU-6B
APN
0015 0048
UPID
US16-0041621
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
1978
Construction
BRICK
Heating
NONE
Stories
2
Units
124
Lot
0.35 ac
Current owner
From public records · entity-resolved
James Hastings
Individual
Mailing address
42816 CRANE MDWS SQ, ASHBURN, VA 20148-1852
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
—
James Hastings
The Estate Of Florenz Robert Ourism
Intrafamily Transfer
related
—
Apr 14, 2021
—
James Hastings B O Glassman
The Estate Of Florenz Robert Ourism
Intrafamily Transfer
related
—
Jul 1, 2016
—
Florenz R Ourisman
—
Deed
related
$15,000,000 · Bank Of America
—
—
2500 Pennsylvania Avenue Invtr
—
Deed Of Trust
related
$10,000,000 · Eagle Bank
—
—
Florenz R Ourisman
—
Deed Of Trust
related
$15,000,000 · Bank Of America
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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