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

    2901 Connecticut NW Ave Washington, DC 20008-1450

    • High-rise multifamily apartments
    • 69,329 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Oct 05, 2023
    $66,660,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0154328
    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 2901 Connecticut NW Ave

    Year built
    1924
    Construction
    TILT-UP CONCRETE
    Lot size
    0.46 lot acres
    Property size
    69,329 SF
    Zone code
    RA-4
    Property type
    High-rise multifamily apartments
    APN
    2210 0010
    APU
    22100010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0537
    Latitude
    38.9284
    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
    $134,738
    $5,258,150
    $9,993,330
    $15,251,480
    -
    $5,258,150
    $9,993,330
    $15,251,480

    Comparable in this City

    • Value Estimation
      $1,365,000
      151,582 SF

      2745 29th NW St

      HIGH-RISE APARTMENTS • 151,582 SF
      2745 29th NW St, Washington, DC 20008-5531
      View Details
    • Value Estimation
      $1,010,000
      344,727 SF

      2800 Quebec NW St

      HIGH-RISE APARTMENTS • 344,727 SF
      2800 Quebec NW St, Washington, DC 20008-1229
      View Details
    • Value Estimation
      $1,080,000
      65,514 SF

      2231 California NW St

      HIGH-RISE APARTMENTS • 65,514 SF
      2231 California NW St, Washington, DC 20008-3934
      View Details
    • Value Estimation
      $1,070,000
      131,294 SF

      2828 Connecticut NW Ave

      HIGH-RISE APARTMENTS • 131,294 SF
      2828 Connecticut NW Ave, Washington, DC 20008-1536
      View Details
    • Value Estimation
      $1,240,000
      94,069 SF

      2700 Connecticut NW Ave

      HIGH-RISE APARTMENTS • 94,069 SF
      2700 Connecticut NW Ave, Washington, DC 20008-5330
      View Details
    • Value Estimation by Request
      315,129 SF

      2727 29th NW St

      HIGH-RISE APARTMENTS • 315,129 SF
      2727 29th NW St, Washington, DC 20008-5503
      View Details

    Similar Nearby for Sale

    • $1,995,000

      Residential Property in Washington, DC

      Residential property for sale in Washington, DC.
      2700 Calvert St NW 418, Washington, DC 20008
      View Details
    • $3,250,000

      Mixed-Use Property in Prime Location

      Rare commercial property with mixed-use, multi-family, and retail zoning.
      2623 Connecticut Ave Nw WASHINGTON, Washington, DC 20008
      View Details
    • $635,000

      Updated Condo in Woodley Park

      Updated two-bedroom condo with private balcony in desirable location.
      2801 Connecticut Ave NW, Washington, DC 20008
      View Details
    • $610,000

      Residential Property in Washington, DC

      Residential property for sale in Washington, DC.
      3041 Sedgwick St NW 402D, Washington, DC 20008
      View Details
    • $569,000
      1,090 SF

      Kalorama Two-Bedroom Cooperative Residence

      Charming 2-bedroom residence in Beaux-Arts style cooperative building.
      2122 California St NW, Washington, DC 20008
      View Details
    • $1,300,000
      1,955 SF

      Refined Residence at The Parker House

      Stunning three-bedroom residence with high-end finishes and garage parking.
      4700 Connecticut Ave NW, Washington, DC 20008
      View Details

    Similar Nearby for Lease

    • $43 SF/Yr
      2,054 SF

      Connecticut Avenue Office Space Available

      2,054 SF office space for rent on Connecticut Avenue.
      4301 Connecticut Ave NW, Washington, DC 20008
      View Details
    • $45 SF/Yr
      2,175 SF

      Prime Corner Office Space

      Office space near Van Ness/UDC Metro with planned upgrades.
      4201 Connecticut Ave NW, Washington, DC 20008
      View Details
    • $3,500 /Mo
      2,178 SF

      Renovated Retail/Office Space in Woodley Park

      Renovated mezzanine level in Woodley Park, perfect for office/retail.
      2311 Calvert St NW, Washington, DC 20008
      View Details
    • $8,000 /Mo

      Renovated Restaurant Space in Woodley Park

      Turn-key restaurant space with patios in vibrant Woodley Park.
      2614 Connecticut Ave Nw WASHINGTON, Washington, DC 20008
      View Details
    • $52 SF/Yr
      2,368 SF

      Retail Space in Cleveland Park

      Retail space in the heart of Cleveland Park neighborhood.
      3331 Connecticut Ave NW, Washington, DC 20008
      View Details
    • Contact for pricing
      910 SF

      Cleveland Park Retail Space

      Retail space in a highly coveted, historic neighborhood.
      3501-3529 Connecticut Ave NW, Washington, DC 20008
      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.
    2901 Connecticut NW Ave
    Washington, DC 20008-1450
    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.