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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Retail space
4045 Minnesota NE Ave Washington, DC 20019-3541
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US16-0055085
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
BRICK
Total area
7,124 SF
Lot
0.45 ac (19,758 SF)
Zoning code
MU-7B
APN
5080 0050
UPID
US16-0055085
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
$1.88M
Comparable Approach
Comparable
$1,000k
Blend (final)
Blend
$1.48M
Owner & transaction history
Jemals Minnesota LP · 6 yrs held
Jemals Minnesota LP
since 2019
7 recorded transactions
Zoning & alternative use
MU-7B · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
NAVAL OBSERVATORY MIXED-USE ZONE - MU-4/NO 500 PURPOSE AND INTENT 501 HEIGHT 502 PENTHOUSE AND ROOFTOP STRUCTURE 503 PLANNED UNIT DEVELOPMENT 504 SPECIAL EXCEPTION REVIEW CRITERIA CHAPTER 6 FORT TOTTEN MIXED-USE ZONES - MU-7B/FT AND MU-10/FT 600 PURPOSE AND INTENT 601 DENSITY 602 HEIGHT 603 PENTHOUSE AND ROOFTOP STRUCTURE 603 Source Note 604 LOT OCCUPANCY 60…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
264.84 ac
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%
$2,035,000
6.5%
$1,880,000
7%
$1,745,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,425,000
Current use
WAREHOUSE, STORAGE
$2,235,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$207 / 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
$26,345
Tax year 2023
Assessed value
$1,514,280
Assessed 2023
Previous assessed
$1,514,280
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$781,820
Assessed improvement
$732,460
Land market value
$781,820
Improvement market value
$732,460
Total market value
$1,514,280
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
1940
Construction
BRICK
Heating
NONE
Stories
1
Total area
7,124 SF
Lot
0.45 ac (19,758 SF)
Zoning code
MU-7B
APN
5080 0050
UPID
US16-0055085
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-7B · Washington, DCZoning 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
Zoning description
NAVAL OBSERVATORY MIXED-USE ZONE - MU-4/NO 500 PURPOSE AND INTENT 501 HEIGHT 502 PENTHOUSE AND ROOFTOP STRUCTURE 503 PLANNED UNIT DEVELOPMENT 504 SPECIAL EXCEPTION REVIEW CRITERIA CHAPTER 6 FORT TOTTEN MIXED-USE ZONES - MU-7B/FT AND MU-10/FT 600 PURPOSE AND INTENT 601 DENSITY 602 HEIGHT 603 PENTHOUSE AND ROOFTOP STRUCTURE 603 Source Note 604 LOT OCCUPANCY 605 SETBACKS AND SCREENING CHAPTER 7 REED-COOKE MIXED-USE ZONES - MU-4/RC AND MU-5A/RC
Zone name
Mixed Use
General category
MIXED_USE
Zone area
264.84 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES Current
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
1940
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Jemals Minnesota LP
Entity
Mailing address
655 NEW YORK AVE NW STE #830, WASHINGTON, DC 20001-5795
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2019
—
Jemals Minnesota LP
—
Deed
related
$1,890,000 · Old Dominion Nat'l Bk
Jul 19, 2016
—
Jemals Uncle LLC
—
Deed
related
$5,471,384 · Cardinal Bk
—
—
Jemals Minnesota LP
—
Deed Of Trust
related
$280,000 · Farmers & Mechanics Nat'l Bank
—
—
Jemals Minnesota LP
—
Deed Of Trust
related
$731,250 · Mainstreet Bk
—
—
Jemals Minnesota LP
—
Deed Of Trust
related
$1,890,000 · Old Dominion Nat'l Bk
—
—
Jemals Uncle LLC
—
Deed Of Trust
related
$5,471,384 · Cardinal Bk
—
—
Jemals Minnesota LP
—
Deed Of Trust
related
$1,500,000 · Cary Potkin
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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