Back to Search
Property profile & analytics
FOR LEASE
Super regional malls
3925-3937 Minnesota Ave NE Washington, DC 20019
Entity Owned
3-yr Hold
Free & Clear
Property ID
US16-0084718
For Lease
1 / 2
$24,225,000
3925-3937 Minnesota Ave NE, Washington, DC 20019
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1977
Construction
BRICK
Total area
101,322 SF
Lot
6.09 ac (265,205 SF)
Zoning code
MU-7B
APN
5051 N 0840
UPID
US16-0084718
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
$30.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.23M
Owner & transaction history
Erp Spv LLC · 3 yrs held
Erp Spv LLC
since 2022
Last sale
$23.8M
6 recorded transactions
Zoning & alternative use
MU-7B · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.8M
+188.5%
Restaurant
$14.7M
+185.8%
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
$18,575,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,385,000
6.5%
$30,815,000
7%
$28,615,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$14,840,000
Change: +189% · Conversion: Difficult
RESTAURANT
$14,695,000
Change: +186% · Conversion: Difficult
Blend value · Realmo final
$24.23M
Range $21.80M – $26.65M · ±10% · vs last sale $23.75M (Oct 27 2022)
Last sale anchor
$23.75M
Oct 27 2022
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
$239 / 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
$391,398
Tax year 2023
Assessed value
$20,708,910
Assessed 2023
Previous assessed
$21,357,940
-3.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$10,494,160
Assessed improvement
$10,214,750
Land market value
$10,494,160
Improvement market value
$10,214,750
Total market value
$20,708,910
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1977
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
101,322 SF
Lot
6.09 ac (265,205 SF)
Zoning code
MU-7B
APN
5051 N 0840
UPID
US16-0084718
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-7B · Washington, DC
Zoning MU-7B · permitted uses
MU-7B · 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
AUTO REPAIR, GARAGE
Est. value
$14.8M
RESTAURANT
Est. value
$14.7M
AUTO REPAIR, GARAGE
RESTAURANT
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
1977
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
6.09 ac
Current owner
From public records · entity-resolved
Erp Spv LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6121 W SUNSET BLVD LBBY, LOS ANGELES, CA 90028-6450
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
$23,750,000
Erp Spv LLC
G&i X East River Park Mzl LLC
Special Warranty Deed
—
Aug 12, 2022
—
G&i X East River Park Mzl LLC
Cedar East River Park LLC
Special Warranty Deed
—
Jul 22, 2022
$31,987,215
G&i X East River Park Mzl LLC
Cedar East River Park LLC
Special Warranty Deed
—
Dec 29, 2015
$37,057,241
Cedar East River Park LLC
East River Mzl Ilc
Grant Deed
related
$20,461,750 · Miscellaneous Ins Co
Aug 23, 2012
$32,105,107
East River Mzl LLC
East River Park LLC
Grant Deed
related
$22,300,000 · Jackson National Life Ins Co
Jun 11, 2007
$21,239,970
East River Park LLC
East River Park
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
