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

    2637 16th NW St Washington, DC 20009-4267

    • High-rise multifamily apartments
    • 55,555 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2022
    $16,170,000
    Value Estimations
    $13,645,000
    Show details
    Cap Rate Potential
    8.5%
    High-rise multifamily apartments
    Location Intelligence
    Property ID
    US16-0106287
    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

    • High-rise multifamily apartments

    Property Details for 2637 16th NW St

    Year built
    1965
    Construction
    BRICK
    Lot size
    0.29 lot acres
    Property size
    55,555 SF
    Zone code
    RA-4
    Property type
    High-rise multifamily apartments
    APN
    2574 0033
    APU
    25740033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,650,000
      ML approach
      $7,565,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $18,020,000
      6.5%
      $16,630,000
      7%
      $15,445,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $19,750,000
      WAREHOUSE, STORAGE
      $17,430,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0358
    Latitude
    38.9243
    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
    $133,215
    $2,794,160
    $12,878,160
    $15,672,320
    -
    $2,794,160
    $12,878,160
    $15,672,320

    Comparable in this City

    • Value Estimation
      $1,385,000
      174,979 SF

      1650 Harvard NW St

      HIGH-RISE APARTMENTS • 174,979 SF
      1650 Harvard NW St, Washington, DC 20009-3740
      View Details
    • Value Estimation
      $315,000
      4,080 SF

      1351 Wallach NW Pl, Unit 1

      HIGH-RISE APARTMENTS • 4,080 SF
      1351 Wallach NW Pl, Washington, DC 20009-4450
      View Details
    • Value Estimation
      $1,430,000
      46,611 SF

      2407 15th NW St

      HIGH-RISE APARTMENTS • 46,611 SF
      2407 15th NW St, Washington, DC 20009-4123
      View Details
    • Value Estimation
      $1,475,000
      64,819 SF

      1368 Euclid NW St

      HIGH-RISE APARTMENTS • 64,819 SF
      1368 Euclid NW St, Washington, DC 20009-4830
      View Details
    • Value Estimation
      $1,145,000
      59,772 SF

      1631 Euclid NW St

      HIGH-RISE APARTMENTS • 59,772 SF
      1631 Euclid NW St, Washington, DC 20009-5628
      View Details
    • Value Estimation
      $725,000
      27,451 SF

      2700 16th NW St

      HIGH-RISE APARTMENTS • 27,451 SF
      2700 16th NW St, Washington, DC 20009-3776
      View Details

    Similar Nearby for Sale

    • $345,000

      Updated Co-op in Lanier Heights

      Updated 1-bedroom co-op near Columbia Heights Metro.
      1705 Lanier Pl NW 204, Washington, DC 20009
      View Details
    • $425,000

      Washington DC Multifamily Property

      Multifamily property for sale in Washington, DC.
      1725 17Th St NW 416, Washington, DC 20009
      View Details
    • $250,000

      Adams Morgan Cooperative Apartment

      Affordable co-op in vibrant, walkable Adams Morgan neighborhood.
      1801 Clydesdale Pl NW 606, Washington, DC 20009
      View Details
    • $649,000

      Condo Near Dupont Circle, DC

      Two-bedroom condo near Metro, Dupont Circle, U Street, and Adams Morgan.
      1621 T St NW, Washington, DC 20009
      View Details
    • $7,500,000

      Mount Pleasant Multifamily Development Opportunity

      12-unit apartment building with development potential in Mount Pleasant.
      2304 Ontario Rd Nw WASHINGTON, Washington, DC 20009
      View Details
    • $129,021

      Residential Property in Washington, DC

      Residential property for sale in Washington, DC.
      1429 Girard St NW 304, Washington, DC 20009
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo
      685 SF

      Apartment with Modern Open Floor

      Apartment featuring hardwood floors, high ceilings, and in-unit laundry.
      1412 Chapin St NW, Washington, DC 20009
      View Details
    • $2,700 /Mo

      Adams Morgan Two Bedroom Apartment

      Renovated two-bedroom apartment with den in vibrant Adams Morgan.
      1713 Euclid St St NW, Washington, DC 20009
      View Details
    • $1,975 /Mo

      Renovated Studio in Adams Morgan

      Top-floor studio near shops, restaurants, and Metro in Adams Morgan.
      1904 Calvert St NW, Washington, DC 20009
      View Details
    • $5,400 /Mo
      1,222 SF

      Renovated Dupont Townhouse Rental

      Furnished 3-floor townhouse in Dupont, available August 2025.
      1913 17Th St NW, Washington, DC 20009
      View Details
    • Contact for pricing
      5,274 SF

      Prime Florida Ave Executive Suites

      Luxury Office Space, Move-In Ready
      2031 Florida Ave, Washington, DC 20009
      View Details
    • $15 SF/Yr
      985 SF

      Adams Morgan Retail Condo Space

      Prime Adams Morgan Retail Opportunity
      2206 18Th St, Washington, DC 20009
      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.
    2637 16th NW St
    Washington, DC 20009-4267
    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.