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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
4248 Benning NE Rd Washington, DC 20019-4531
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US16-0208999
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
BRICK
Total area
1,900 SF
Lot
0.05 ac (2,060 SF)
Zoning code
RA-1
APN
5087 0856
UPID
US16-0208999
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
$400k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$505k
Owner & transaction history
4248 Benning Rd LLC · 4 yrs held
4248 Benning Rd LLC
since 2022
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
RA-1 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
UPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 SPECIAL EXCEPTION FOR PUBLIC LIBRARIES AND PUBLIC RECREATION AND COMMUNITY CENTERS 212 Source Note CHAPTER 3 NAVAL OBSERVATORY RESIDENTIAL APARTMENT ZONE - RA 1/NO 300 PURPOSE AND INTENT 301 HEIGHT 302 PENTHOUSE AND ROOFTOP STRUCTURE 303 PLANNED UNIT DEVELOPMENT 304 SPECIAL EXCEPTION REVIEW CRIT…
Zone name
Residential Apartment
General category
CIVIC_INSTITUTIONAL
Zone area
4,028.07 ac
Top alternative use upside
Commercial (general)
$830,000
+28.0%
Office building
$760,000
+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
$340,000
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
RETAIL STORES
$645,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$760,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$595,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $600k (Mar 21 2022)
Last sale anchor
$600k
Mar 21 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
$266 / 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
$8,486
Tax year 2023
Assessed value
$315,980
Assessed 2023
Previous assessed
$315,980
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$81,510
Assessed improvement
$234,470
Land market value
$81,510
Improvement market value
$234,470
Total market value
$315,980
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
1946
Construction
BRICK
Heating
NONE
Stories
2
Units
2
Total area
1,900 SF
Lot
0.05 ac (2,060 SF)
Zoning code
RA-1
APN
5087 0856
UPID
US16-0208999
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA-1 · Washington, DCZoning RA-1 · permitted uses
RA-1 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
UPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 SPECIAL EXCEPTION FOR PUBLIC LIBRARIES AND PUBLIC RECREATION AND COMMUNITY CENTERS 212 Source Note CHAPTER 3 NAVAL OBSERVATORY RESIDENTIAL APARTMENT ZONE - RA 1/NO 300 PURPOSE AND INTENT 301 HEIGHT 302 PENTHOUSE AND ROOFTOP STRUCTURE 303 PLANNED UNIT DEVELOPMENT 304 SPECIAL EXCEPTION REVIEW CRITERIA CHAPTER 4 CAPITOL INTEREST RESIDENTIAL APARTMENT ZONE - RA-2/CAP 400 PURPOSE AN
Zone name
Residential Apartment
General category
CIVIC_INSTITUTIONAL
Zone area
4,028.07 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$830,000
OFFICE BUILDING
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$595,000
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
1946
Construction
BRICK
Heating
NONE
Stories
2
Units
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
4248 Benning Rd LLC
Entity
Mailing address
4248 BENNING RD NE, WASHINGTON, DC 20019-4531
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
$600,000
4248 Benning Rd LLC
Myra Jordan
Special Warranty Deed
$402,000 · Truist Bank
Aug 5, 2004
$255,000
Myra Jordan
Owner Name Unavailable
Grant Deed
related
—
—
—
Jordan,myra
—
Deed Of Trust
related
$280,000 · Interbay Fndg
—
—
Myra R Jordan
—
Deed Of Trust
related
$62,000 · Mortgage Funding LLC
—
—
Myra Jordan
—
Deed Of Trust
related
$280,000 · Interbay Funding LLC
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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