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Property profile & analytics
FOR LEASE
Office buildings
4900 Massachusetts Ave NW Washington, DC 20016
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US16-0065688
For Lease
1 / 2
$45 SF/Yr
4900 Massachusetts Ave NW, Washington, DC 20016
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
BRICK
Total area
38,180 SF
Lot
0.73 ac (31,599 SF)
Zoning code
MU-4
APN
1467 0883
UPID
US16-0065688
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.14M
Owner & transaction history
W C And A N Miller Development Comp
W C And A N Miller Development Comp
since 2026
6 recorded transactions
Zoning & alternative use
MU-4 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.6M
+8.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,320,000
Current use
COMMERCIAL (GENERAL)
$16,630,000
Change: +9% · Conversion: Easy
RETAIL STORES
$12,995,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$10.14M
Range $9.13M – $11.15M · ±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
$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
$213,728
Tax year 2023
Assessed value
$11,846,860
Assessed 2023
Previous assessed
$11,846,860
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$2,867,610
Assessed improvement
$8,979,250
Land market value
$2,867,610
Improvement market value
$8,979,250
Total market value
$11,846,860
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1961
Construction
BRICK
Heating
NONE
Stories
2
Total area
38,180 SF
Lot
0.73 ac (31,599 SF)
Zoning code
MU-4
APN
1467 0883
UPID
US16-0065688
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-4 · Washington, DC
Zoning MU-4 · permitted uses
MU-4 · 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
OFFICE BUILDING Current
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$16.6M
RETAIL STORES
Est. value
$13.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1961
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
W C And A N Miller Development Comp
Entity
Mailing address
11921 ROCKVILLE PIKE STE #200, ROCKVILLE, MD 20852-2737
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2026
—
W C And A N Miller Development Comp
—
Deed
related
$30,250,000 · Hingham Institution For Savings
Dec 21, 2020
—
Wc & An Miller Dev Co
—
Deed
related
$31,500,000 · United Bk
May 31, 2017
—
Wc & An Miller Dev Co
—
Grant Deed
related
$31,500,000 · Cardinal Bk
Mar 20, 2017
—
Wc & An Miller Dev Co
—
Grant Deed
related
$31,500,000 · Cardinal Bk
Nov 13, 2008
—
Wc & An Miller Dev Co
—
Deed Of Trust
related
$27,800,000 · Teachers Insurance & Annuity
—
—
Wc & An Miller Dev Co
—
Deed Of Trust
related
$31,500,000 · United Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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