Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    3205 K NW St Washington, DC 20007-4412

    • Turn key restaurants
    • 4,108 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2022
    $3,600,000
    Value Estimations
    $2,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0117467
    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

    • Turn key restaurants

    Property Details for 3205 K NW St

    Year built
    1780
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    4,108 SF
    Zone code
    MU-12
    Property type
    Turn key restaurants
    APN
    1188 0801
    APU
    11880801

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,815,000
      ML approach
      $2,475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,163,000
      Market price range: $1.49M - $3.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0631
    Latitude
    38.9028
    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
    $27,714
    $802,980
    $876,660
    $1,679,640
    -
    $802,980
    $876,660
    $1,679,640

    Comparable in this City

    • Value Estimation
      $375,000
      2,880 SF

      2412 Wisconsin NW Ave

      RESTAURANT • 2,880 SF
      2412 Wisconsin NW Ave, Washington, DC 20007-1845
      View Details
    • Value Estimation
      $490,000
      2,720 SF

      3255 M NW St

      RESTAURANT • 2,720 SF
      3255 M NW St, Washington, DC 20007-3616
      View Details
    • Value Estimation
      $365,000
      5,400 SF

      1201 34th NW St, Unit 2

      RESTAURANT • 5,400 SF
      1201 34th NW St, Washington, DC 20007-3251
      View Details
    • Value Estimation
      $440,000
      11,909 SF

      2400 Wisconsin NW Ave

      RESTAURANT • 11,909 SF
      2400 Wisconsin NW Ave, Washington, DC 20007-1800
      View Details
    • Value Estimation
      $320,000
      926 SF

      2414 Wisconsin NW Ave

      RESTAURANT • 926 SF
      2414 Wisconsin NW Ave, Washington, DC 20007-1845
      View Details
    • Value Estimation
      $320,000
      1,680 SF

      3207 Grace NW St

      RESTAURANT • 1,680 SF
      3207 Grace NW St, Washington, DC 20007-3614
      View Details

    Similar Nearby for Sale

    • $50,000

      Spacious Indoor Parking Spot

      Rare, wide parking space in a sought-after neighborhood.
      2500 Q St St NW, Washington, DC 20007
      View Details
    • Contact for pricing
      6,000 SF

      Georgetown Retail with Parking

      Rare retail opportunity with dedicated parking in Upper Georgetown.
      1803-1805 Wisconsin Ave NW, Washington, DC 20007
      View Details
    • $3,600,000
      5,680 SF

      Prime Georgetown Retail Opportunity

      Retail space in the heart of Upper Georgetown.
      1523 Wisconsin Ave NW, Washington, DC 20007
      View Details
    • $4,250,000

      Georgetown Retail Building on M Street

      Prime retail building in Georgetown with current tenant.
      3342 M St NW, Washington, DC 20007
      View Details
    • $1,585,000
      1,962 SF

      Glover Park Reimagined Single-Family Home

      Classic Glover Park home with modern design and indoor-outdoor entertaining.
      2410 37Th St NW, Washington, DC 20007
      View Details
    • $3,750,000

      Specialty Property in Washington, DC

      Specialty property available for sale in Washington, DC.
      2813 Q St NW, Washington, DC 20007
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,800 SF

      Glover Park Restaurant Opportunity

      Second generation restaurant space with patio in prime location.
      2400 Wisconsin Ave NW, Washington, DC 20007
      View Details
    • $45,833
      2,046 SF

      Historic Georgetown Retail Flagship Property

      Iconic retail building in Georgetown, near Wisconsin Avenue and Potomac Waterfront.
      1046-1048 Wisconsin Ave NW, Washington, DC 20007
      View Details
    • Contact for pricing
      6,500 SF

      Restaurant Space with Outdoor Deck

      6,500 SF restaurant space with 1,400 SF outdoor deck.
      1218 Wisconsin Ave Nw, Washington, DC 20007
      View Details
    • $34 SF/Yr
      13,000 SF

      Georgetown Restaurant/Retail/Office Space

      13,000 SF restaurant space in prime Georgetown location.
      1054 31St St NW, Washington, DC 20007
      View Details
    • $39 SF/Yr
      2,855 SF

      Georgetown Retail and Office Space

      Prime Georgetown location with retail and office space available.
      1066 31St St Nw, Washington, DC 20007
      View Details
    • $45 SF/Yr
      2,774 SF

      Retail and Office Space Available

      Retail and professional office space near Georgetown's amenities.
      1050 Potomac St NW, Washington, DC 20007
      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.
    3205 K NW St
    Washington, DC 20007-4412
    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.