Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    425 3rd SW St Washington, DC 20024-3206

    • Office buildings
    • 317,623 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $1,540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0157844
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Opportunity International / Charitable Organization / Social Service Agency
    • Judicial Watch / Charitable Organization
    • Z-Burger (South West) / Restaurant
    • Disney Government Relations / Consultant
    • Architecture Technology Corporation / Corporate Office

    Property Details for 425 3rd SW St

    Year built
    2007
    Construction
    TILT-UP CONCRETE
    Lot size
    0.50 lot acres
    Property size
    317,623 SF
    Zone code
    D-5
    Property type
    Office buildings
    APN
    0537 0810
    APU
    5370810

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,013,000
      Market price range: $594k - $5.46M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0155
    Latitude
    38.8836
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,263,008
    $26,432,450
    $95,307,650
    $121,740,100
    -
    $26,432,450
    $95,307,650
    $121,740,100

    Comparable in this City

    • Value Estimation by Request
      0.65 Acres

      600 Maryland SW Ave

      OFFICE BUILDING • 0.65 Acres
      600 Maryland SW Ave, Washington, DC 20024-2520
      View Details
    • Value Estimation
      $1,385,000
      508,679 SF

      315 7th SW St

      OFFICE BUILDING • 508,679 SF
      315 7th SW St, Washington, DC 20024
      View Details
    • Value Estimation
      $1,815,000
      505,175 SF

      400 C SW St

      OFFICE BUILDING • 505,175 SF
      400 C SW St, Washington, DC 20024-2800
      View Details
    • Value Estimation
      $1,570,000
      436,223 SF

      500 C SW St

      OFFICE BUILDING • 436,223 SF
      500 C SW St, Washington, DC 20024-2523
      View Details
    • Value Estimation
      $2,105,000
      424,000 SF

      350 C SW St

      OFFICE BUILDING • 424,000 SF
      350 C SW St, Washington, DC 20024
      View Details
    • Value Estimation
      $2,185,000
      671,975 SF

      500 12th SW St

      OFFICE BUILDING • 671,975 SF
      500 12th SW St, Washington, DC 20024-6121
      View Details

    Similar Nearby for Sale

    • $719,900

      Residential Property in Washington, DC

      Residential property for sale in Washington, DC.
      430 M St SW, Washington, DC 20024
      View Details
    • $699,000

      Southwest Waterfront Multifamily Development Opportunity

      Vacant two-unit multifamily property with development potential near The Wharf.
      81 Q St Sw, Washington, DC 20024
      View Details
    • $1,400,000

      Residential Income Property For Sale

      Residential income property available for purchase.
      1317 4Th St SW, Washington, DC 20024
      View Details
    • $2,500,000

      Delaware Avenue Specialty Property

      Specialty property available for sale on Delaware Avenue.
      1107 Delaware Ave SW, Washington, DC 20024
      View Details
    • $534,900

      Apartment Building For Sale

      Apartment building available for purchase.
      510 N St SW, Washington, DC 20024
      View Details
    • $520,000

      Washington DC Multifamily Property

      Multifamily property for sale in Washington, DC.
      1338 4Th St SW T1338, Washington, DC 20024
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,921 SF

      Prime DC Office Space at 800 Maine Ave SW

      Flexible Workspace Solutions in SW DC
      800 Maine Ave, Washington, DC 20024
      View Details
    • Contact for pricing
      32,124 SF

      Retail Space with Luxury Residences

      Retail space anchored by Whole Foods Market and Industrious.
      600 H St NE, Washington, DC 20024
      View Details
    • Contact for pricing
      31,487 SF

      Office Space in Washington, DC

      Office space available for rent in Washington, DC.
      800 9Th St SW, Washington, DC 20024
      View Details
    • Contact for pricing
      126 SF

      Office Space For Rent

      Office space available for lease in Washington, D.C.
      2029-2031 P St NW, Washington, DC 20024
      View Details
    • $44 SF/Yr
      18,096 SF

      Convenient Office Space Near Union

      350,000 square foot office building near Union Station.
      750 1St St NE, Washington, DC 20024
      View Details
    • Contact for pricing
      2,686 SF

      Office Space in Washington, DC

      2,686 SF office space available for lease.
      1100 1St St NE, Washington, DC 20024
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    425 3rd SW St
    Washington, DC 20024-3206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.