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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Office Spaces
3 Washington Cir Nw Ste 306 Washington, DC 20037-2311
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US16-0153004
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1981
Construction
TILT-UP CONCRETE
Total area
2,238 SF
Lot
0.01 ac (428 SF)
Zoning code
RA4
APN
0038 2014
UPID
US16-0153004
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
$1.05M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$1.02M
Owner & transaction history
Tavakkoli Properties LLC · 5 yrs held
Tavakkoli Properties LLC
since 2021
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
RA4 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$975,000
+8.6%
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
$1,020,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,165,000
7%
$1,085,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$900,000
Current use
COMMERCIAL (GENERAL)
$975,000
Change: +9% · Conversion: Easy
RETAIL STORES
$760,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.11M (Jul 22 2021)
Last sale anchor
$1.11M
Jul 22 2021
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
$456 / 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
$14,628
Tax year 2023
Assessed value
$902,980
Assessed 2023
Previous assessed
$902,980
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$310,730
Assessed improvement
$592,250
Land market value
$310,730
Improvement market value
$592,250
Total market value
$902,980
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
2,238 SF
Lot
0.01 ac (428 SF)
Zoning code
RA4
APN
0038 2014
UPID
US16-0153004
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA4 · Washington, DCZoning RA4 · permitted uses
RA4 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$975,000
RETAIL STORES
Est. value
$760,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.01 ac
Current owner
From public records · entity-resolved
Tavakkoli Properties LLC
Entity
Mailing address
3 WASHINGTON CIR NW STE #306, WASHINGTON, DC 20037-2311
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$1,105,000
Tavakkoli Properties LLC
K Street Dental Group
Special Warranty Deed
$1,105,000 · Bank Of Clarke County
Dec 5, 2005
$1,250,000
K Street Dental Group
American Sports Medicine Assn Ll
Grant Deed
$1,000,000 · Wachovia Bank NA
Nov 12, 2004
$835,000
American Sports Medicine Assn Ll
Srs Potomac LLC
Grant Deed
$1,489,000 · Bank Of America
Apr 14, 2004
$713,000
Srs,potomac LLC
Hbc LLC
Grant Deed
—
—
—
K Street Dental Group
—
Deed Of Trust
related
$567,000 · Wells Fargo Bk
—
—
American Sports Medicine Assn
—
Deed Of Trust
related
$1,489,000 · 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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