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Property profile & analytics
OFF-MARKET
Estimated value
$15,360,000
Grocery and convenience stores
3830 Georgia NW Ave Washington, DC 20011-5841
Entity Owned
6-yr Hold
Free & Clear
Property ID
US16-0162588
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2014
Construction
TILT-UP CONCRETE
Total area
60,622 SF
Lot
1.39 ac (60,622 SF)
Zoning code
NC-8,RF-1
APN
2905 0814
UPID
US16-0162588
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
$21.18M
Comparable Approach
Comparable
$16.33M
Blend (final)
Blend
$15.36M
Owner & transaction history
113 Potomac Ave Sw LP · 6 yrs held
113 Potomac Ave Sw LP
since 2019
4 recorded transactions
Zoning & alternative use
NC-8,RF-1 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.3M
+65.1%
Warehouse, storage
$19.0M
+29.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,940,000
6.5%
$21,175,000
7%
$19,660,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,740,000
Current use
OFFICE BUILDING
$24,325,000
Change: +65% · Conversion: Easy
WAREHOUSE, STORAGE
$19,020,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,235,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$15.36M
Range $13.82M – $16.90M · ±10%
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
$253 / 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
Assessed value
$15,819,720
Assessed 2023
Previous assessed
$16,784,960
-5.8% YoY
Assessed land
$1,114,840
Assessed improvement
$14,704,880
Land market value
$1,114,840
Improvement market value
$14,704,880
Total market value
$15,819,720
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
6
Total area
60,622 SF
Lot
1.39 ac (60,622 SF)
Zoning code
NC-8,RF-1
APN
2905 0814
UPID
US16-0162588
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
NC-8,RF-1 · Washington, DC
Zoning NC-8,RF-1 · permitted uses
NC-8,RF-1 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.7M
OFFICE BUILDING
Est. value
$24.3M
WAREHOUSE, STORAGE
Est. value
$19.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.2M
RETAIL STORES Current
OFFICE BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2014
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
6
Lot
1.39 ac
Current owner
From public records · entity-resolved
113 Potomac Ave Sw LP
Entity
Free & Clear · 6 yrs held
Mailing address
4018 BRANDYWINE ST NW, WASHINGTON, DC 20016-1844
Ownership since
2019
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
Dec 20, 2019
$24,100,000
113 Potomac Ave Sw LP
Cf Albert Propco III LLC
Grant Deed
—
Jul 8, 2019
$20,234,432
Cf Albert Propco III LLC
Nai Saturn Eastern LLC
Special Warranty Deed
$425,700,000 · Wells Fargo Bank NA
Mar 3, 2015
$21,318,908
Nai Saturn Eastern LLC
Safeway INC
Trustees Deed
$24,200,000 · Citibank
Nov 4, 2011
—
Safeway INC
Safeway INC
Quit Claim Deed
related
—
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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