525 23rd NW St Washington, DC 20037-2825
Individually Owned
Free & Clear
Estimated value (blended)
$24.11M
Range $21.70M – $26.52M (±10%)
Property ID
US16-0036399
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
TILT-UP CONCRETE
Total area
225,560 SF
Lot
1.05 ac (45,646 SF)
Zoning code
MU-2
APN
0059 0825
UPID
US16-0036399
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$25.32M
Blend (final)
Blend
$24.11M
Owner & transaction history
Zoning & alternative use
MU-2 · Washington, DC
Zoning description
e Note 209 COURT 209 Source Note 210 LOT OCCUPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 PLAZA 212 Source Note 213 WATERFRONT SETBACK 213 Source Note CHAPTER 3 DUPONT CIRCLE MIXED-USE ZONES - MU-1/DC,…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$24.11M
Value range
$21.70M – $26.52M
±10% around blend
Estimated value / SF
$107 / SF
Confidence
High
5 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
50
$21.70M
blend $24.11M
$26.52M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
225,560 SF
Lot area
1.05 ac
Year built
1965
Stories
10
APN
0059 0825
Assessed value
$58,052,700
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$6.27M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.9 mi away · 239,241 SF
1.9 mi away · 239,241 SF
3.6 mi away · 287,628 SF
9.3 mi away · 202,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$24.11M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 170 sales
$401
-73%
County 170 sales
$401
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $107/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$58.05M
Move the market yield to see immediate price impact.
Value / SF
$257
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$3.66M
$73.15M
$52.25M
$40.64M
$4.06M
$81.27M
$58.05M
$45.15M
$4.47M
$89.40M
$63.86M
$49.67M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$330k
0.9 mi · Dec 2025 · $2/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$58,052,700
Assessed 2023
Previous assessed
$56,975,320
+1.9% YoY
Assessed land
$20,297,860
Assessed improvement
$37,754,840
Land market value
$20,297,860
Improvement market value
$37,754,840
Total market value
$58,052,700
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
10
Total area
225,560 SF
Lot
1.05 ac (45,646 SF)
Zoning code
MU-2
APN
0059 0825
UPID
US16-0036399
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-2 · Washington, DCZoning MU-2 · permitted uses
MU-2 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
e Note 209 COURT 209 Source Note 210 LOT OCCUPANCY 210 Source Note 211 GREEN AREA RATIO 211 Source Note 212 PLAZA 212 Source Note 213 WATERFRONT SETBACK 213 Source Note CHAPTER 3 DUPONT CIRCLE MIXED-USE ZONES - MU-1/DC,…
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
10
Lot
1.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MU-2
MIXED_USE
Jurisdiction
Washington, DC
Recorded code
MU-2
Official district
MU-2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU-2 in Washington, DC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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