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Property profile

501 School St SW Washington, DC 20024

FOR LEASE
Office buildings
Property ID
US16-0128626
119,720 SF 0.26 ac lot Built 1988
Last sale Jul 2017 · $16,557,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
501 School St SW, Washington, DC 20024 For Lease
$7,438/Mo 119,720 SF available
501 School St SW, Washington, DC 20024
View Listing

Property summary

AI-generated overview

The property is a commercial office space located at 501 School St SW, Washington, DC 20024. It is configured for office-related uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$257k
Tax billed · 2023
Assessed value$15.36M
Assessed land$8.74M
Assessed improvement$6.62M
Effective rate1.68%

Value estimate

· Oct 2026
$22.11M
$19.90M – $24.32M
Submarket $/SF estimate$24.55M
NOI build-up
Gross scheduled income$6.03M
Vacancy & credit loss−$965k
Operating expenses−$1.27M
NOI · 51,107.14% cap applied$3.80M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$401/SF
Submarket average, outlier-cleaned · 170 recorded sales of this use type
Observed band · Q1–Q3$205 – $591

Cap rate analysis

How does the asset earn?
51,107.14%
$3.80M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
D-5
AND OBJECTIVE (D-4-R) 531 DENSITY - FLOOR AREA RATIO (FAR) (D-4-R) 532 HEIGHT (D-4-R) 533 FRONT BUILD-TO (D-4-R) 534 FRONT SETBACK (D-4-R...
General categoryMIXED_USE
JurisdictionDISTRICT OF COLUMBIA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.4
Furniture Store10.1
Kitchen & Bath9.4

Location

501 School St SW Washington, DC 20024
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Maine SW, Washington, DC 20024 $982,500 Oct 2024 No data
1250 Maryland SW, Washington, DC 20024-2141 $154,865,880 Dec 2023 800,000 SF
500 Lenfant SW, Washington, DC 20024-2131 $166,500,000 Sep 2021 214,995 SF
950 Lenfant SW, Washington, DC 20024-2123 $104,598,000 Sep 2019 276,288 SF
250 Ee SW, Washington, DC 20024-3249 $170,000,000 Feb 2019 560,163 SF
300 7th SW, Washington, DC 20024-2511 $51,325,000 Nov 2018 201,896 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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