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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
3416 9th NE St Washington, DC 20017-1704
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US16-0194293
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
BRICK
Total area
1,728 SF
Lot
0.02 ac (1,062 SF)
Zoning code
PDR-1
APN
3829 W 0806
UPID
US16-0194293
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
$475k
CAP Approach
CAP
$425k
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$555k
Owner & transaction history
3416 9th Ne LLC · 3 yrs held
3416 9th Ne LLC
since 2023
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
PDR-1 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
05 PENTHOUSE AND ROOFTOP STRUCTURE 206 [RESERVED] 207 REAR YARD 208 SIDE YARD 209 COURT 210 TRANSITION SETBACKS 211 GREEN AREA RATIO 211 Source Note CHAPTER 3 CAPITOL INTEREST PRODUCTION, DISTRIBUTION, AND REPAIR ZONE - PDR-1/CAP 300 PURPOSE AND INTENT 300 Source Note 301 DENSITY 301 Source Note 302 HEIGHT 302 Source Note 303 PENTHOUSE AND ROOFTOP STRUCTURE…
Zone name
Production Distribution And Repair
General category
COMMERCIAL
Zone area
1,132.93 ac
Top alternative use upside
Commercial (general)
$755,000
+28.0%
Office building
$695,000
+17.9%
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
$555,000
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
$460,000
6.5%
$425,000
7%
$395,000
Alternative Use
Use
Estimation
RETAIL STORES
$590,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$695,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$540,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $700k (Apr 14 2023)
Last sale anchor
$700k
Apr 14 2023
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
$321 / 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
$9,999
Tax year 2023
Assessed value
$571,510
Assessed 2023
Previous assessed
$571,510
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$79,810
Assessed improvement
$491,700
Land market value
$79,810
Improvement market value
$491,700
Total market value
$571,510
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
BRICK
Heating
RADIANT
Stories
3
Units
1
Rooms
6
Bathrooms
1
Total area
1,728 SF
Lot
0.02 ac (1,062 SF)
Zoning code
PDR-1
APN
3829 W 0806
UPID
US16-0194293
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDR-1 · Washington, DCZoning PDR-1 · permitted uses
PDR-1 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
05 PENTHOUSE AND ROOFTOP STRUCTURE 206 [RESERVED] 207 REAR YARD 208 SIDE YARD 209 COURT 210 TRANSITION SETBACKS 211 GREEN AREA RATIO 211 Source Note CHAPTER 3 CAPITOL INTEREST PRODUCTION, DISTRIBUTION, AND REPAIR ZONE - PDR-1/CAP 300 PURPOSE AND INTENT 300 Source Note 301 DENSITY 301 Source Note 302 HEIGHT 302 Source Note 303 PENTHOUSE AND ROOFTOP STRUCTURE 303 Source Note 304 SPECIAL EXCEPTION REVIEW CRITERIA 304 Source Note CHAPTER 4 FORT
Zone name
Production Distribution And Repair
General category
COMMERCIAL
Zone area
1,132.93 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$755,000
OFFICE BUILDING
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$540,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1925
Construction
BRICK
Heating
RADIANT
Stories
3
Units
1
Rooms
6
Bathrooms
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
3416 9th Ne LLC
Entity
Mailing address
4937 WESTERN AVE NW, WASHINGTON, DC 20016-4319
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
$700,000
3416 9th Ne LLC
Damien G Agostinelli
Special Warranty Deed
$637,500 · Sandy Spring Bank
Nov 9, 2006
$300,000
Damien G Agostinelli
Robert E Brooks
Warranty Deed
$240,000 · Wachovia Mtg Corp
—
—
Damien G Agostinelli
—
Deed Of Trust
related
$412,000 · J P Morgan Chase Bank
—
—
Damien G Agostinelli
—
Deed Of Trust
related
$399,270 · J P Morgan Chase Bank
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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