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Property profile & analytics

3 Washington Cir Washington, DC 20037

  • Office Properties & Spaces
  • 4,000 SF
  • 0.02 lot acres
For Sale
Last Sale
Dec 19, 2024
$1,000,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US16-0148265
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

  • Office Properties & Spaces

Property Details for 3 Washington Cir

Year built
1981
Construction
TILT-UP CONCRETE
Lot size
0.02 lot acres
Property size
4,000 SF
Zone code
RA4
Property type
Office Properties & Spaces
APN
0038 2160
APU
382160

Description

This exceptional Class A medical office space, located at 3 Washington Circle Northwest - Unit G1 in Washington, DC's Foggy Bottom submarket, presents a unique investment opportunity. The 5,000 square foot building, constructed in 1981 and extensively renovated in 2016, boasts a desirable RA-4 zoning classification. Currently, 3,800 square feet are available for lease, previously configured as a state-of-the-art dental suite. This expansive space includes seven dental chairs, a reception area, a dedicated X-ray room, a bathroom, and a well-equipped kitchen. An additional 1,200 square feet is currently occupied by a chiropractic practice, featuring three treatment rooms, a restroom, ample storage, and a spacious waiting area. The building's prime location directly across from George Washington University Hospital ensures high visibility and convenient access to a large patient base. This property offers a rare chance to acquire a well-maintained, modern medical office space in a highly sought-after location within the District of Columbia county, zip code 20037. The building's multiple tenancy structure provides flexibility for various medical practices. This is an ideal opportunity for expansion or establishment of a thriving medical business in a vibrant and convenient urban setting.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,024,000
    Market price range: $203k - $1.83M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $1,605,000
    Current use
    COMMERCIAL (GENERAL)
    $1,740,000
    Change: +9% Conversion: Easy
    RETAIL STORES
    $1,360,000
    Change: -15% Conversion: Moderate

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


Location Insight

  • Map
  • Local Demand
City
Washington
County
District Of Columbia
State
DC
Longitude
-77.0506
Latitude
38.9032
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
$38,781
$551,760
$1,798,600
$2,350,360
-
$551,760
$1,798,600
$2,350,360
More about this property
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