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Property profile & analytics
OFF-MARKET Estimated value $2,525,000
Office buildings

3029 Martin Luther King Jr SE Ave Washington, DC 20032-2506

10,860 SF 0.15 ac lot Built 2002
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US16-0015238
Property summary
AI-generated overview

This exceptional 1,532-square-foot retail space is located at 3029 Martin Luther King Jr. Ave SE, Washington, DC, a prime corner lot (10,860 sq ft) at the intersection of Martin Luther King Jr. Avenue and Malcolm X Ave SE. Built in 2002, this single-tenant property offers unparalleled visibility and accessibility. Its strategic location in Ward 8 places it just blocks from the Congress Heights Green Line METRO station and the upcoming Department of Homeland Security headquarters. Proximity to I-295 and Bolling Air Force Base (within 1 mile) and the newly established Giant Supermarket and The Villages of Parklands Retail Center (within 1.25 miles) ensures high traffic and convenient access to Downtown DC, Maryland, and Virginia. The building features a secure environment with 12 gated parking spaces exclusively for tenants, an elevator, and two bathrooms on each floor. Abundant natural light creates an inviting atmosphere. The property is designated as a Hubzone location, offering additional benefits. This space is ideal for government contractors, agencies, entrepreneurs, and nonprofits seeking a highly visible and accessible location near major transportation arteries and key government facilities, including the Coast Guard and St. Elizabeth's. The zoning is classified as X.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2002
Construction BRICK
Total area 10,860 SF
Lot 0.15 ac (6,420 SF)
Zoning code RA-1
APN 5988 0092
UPID US16-0015238
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
$2.53M
Owner & transaction history
The Washington City Orphan Asylum A · 10 yrs held
The Washington City Orphan Asylum A
since 2016
5 recorded transactions
2016
$4.4M
2010
$1.4M
2009
$675,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RA-1 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

UPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 SPECIAL EXCEPTION FOR PUBLIC LIBRARIES AND PUBLIC RECREATION AND COMMUNITY CENTERS 212 Source Note CHAPTER 3 NAVAL OBSERVATORY RESIDENTIAL APARTMENT ZONE - RA 1/NO 300 PURPOSE AND INTENT 301 HEIGHT 302 PENTHOUSE AND ROOFTOP STRUCTURE 303 PLANNED UNIT DEVELOPMENT 304 SPECIAL EXCEPTION REVIEW CRIT…

Zone name Residential Apartment
General category CIVIC_INSTITUTIONAL
Zone area 4,028.07 ac
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