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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Hospitals
4601 Martin Luther King Jr SW Ave, Washington, DC 20032-1131
Individually Owned
Free & Clear
Property ID
US16-0124643
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1951
Construction
TILT-UP CONCRETE
Total area
45,978 SF
Lot
6.01 ac (261,857 SF)
Zoning code
RA-1
APN
PAR 0252 0093
UPID
US16-0124643
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
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.58M
Owner & transaction history
National Harborside Ltac Operations
National Harborside Ltac Operations
since 2026
7 recorded transactions
Zoning & alternative use
RA-1 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+29.2%
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
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,805,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,335,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±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
$34 / 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
$349,948
Tax year 2023
Assessed value
$17,269,560
Assessed 2023
Previous assessed
$17,269,560
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$4,278,740
Assessed improvement
$12,990,820
Land market value
$4,278,740
Improvement market value
$12,990,820
Total market value
$17,269,560
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Total area
45,978 SF
Lot
6.01 ac (261,857 SF)
Zoning code
RA-1
APN
PAR 0252 0093
UPID
US16-0124643
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
RA-1 · Washington, DC
Zoning 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
Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Lot
6.01 ac
Current owner
From public records · entity-resolved
National Harborside Ltac Operations
Individual
Free & Clear · 0 yrs held
Mailing address
2760 EISENHOWER AVE STE #406, ALEXANDRIA, VA 22314-4579
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Feb 18, 2026
—
National Harborside Ltac Operations
4601 Mlk Ave Snf Real Estate LLC
Deed
—
Oct 6, 2021
—
Bridgepoint Healthcare LLC
—
Deed
related
$21,700,000 · Whitehorse Capital Management LLC
Mar 27, 2008
—
Specialty Hosp Of Washington-hadl
—
Deed Of Trust
related
$48,500,000 · Branch Banking & Trust Co
Oct 27, 2006
$20,000,000
Specialty Hosp Of Washington-hadl
Pacin Healthcare-hadley Mem Ho
Deed Of Trust
related
$7,500,000 · General Electric Capital Corp
Jan 19, 2005
—
Pacin Health Care-hadley Mem Hos
—
Deed Of Trust
related
$90,000,000 · Capitalsource Finance LLC
Apr 7, 2004
—
Pacin Healthcare-hadley Mem Ho
—
Deed Of Trust
related
$46,150,000 · Dchc Liquidating Trust
—
—
Pacin Healthcare-hadley Mem Ho
—
Deed Of Trust
related
$18,800,000 · Health Care R E Inv Trust INC
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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