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Property profile & analytics
OFF-MARKET
Estimated value
$5,955,000
Warehouses
5335 1st NE Pl Washington, DC 20011-3405
Entity Owned
21-yr Hold
Free & Clear
Property ID
US16-0085834
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
BRICK
Total area
19,990 SF
Lot
0.45 ac (19,614 SF)
Zoning code
MU-7B/FT
APN
3701 0086
UPID
US16-0085834
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
Current use
Occupant on record · Public records
-
Impact DMV Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.96M
Owner & transaction history
Dominion Church Of Washington Dc · 21 yrs held
Dominion Church Of Washington Dc
since 2004
1 recorded transaction
Zoning & alternative use
MU-7B/FT · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
NAVAL OBSERVATORY MIXED-USE ZONE - MU-4/NO 500 PURPOSE AND INTENT 501 HEIGHT 502 PENTHOUSE AND ROOFTOP STRUCTURE 503 PLANNED UNIT DEVELOPMENT 504 SPECIAL EXCEPTION REVIEW CRITERIA CHAPTER 6 FORT TOTTEN MIXED-USE ZONES - MU-7B/FT AND MU-10/FT 600 PURPOSE AND INTENT 601 DENSITY 602 HEIGHT 603 PENTHOUSE AND ROOFTOP STRUCTURE 603 Source Note 604 LOT OCCUPANCY 60…
Zone name
Mixed Use Fort Totten
General category
MIXED_USE
Zone area
14.76 ac
Top alternative use upside
Commercial (general)
$8.7M
+38.8%
Office building
$8.0M
+27.9%
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
WAREHOUSE, STORAGE
$6,270,000
Current use
COMMERCIAL (GENERAL)
$8,710,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$8,020,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$5.96M
Range $5.36M – $6.55M · ±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
$298 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$6,549,160
Assessed 2024
Previous assessed
$6,166,280
+6.2% YoY
Assessed land
$1,161,930
Assessed improvement
$5,387,230
Land market value
$1,161,930
Improvement market value
$5,387,230
Total market value
$6,549,160
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
NONE
Stories
1
Total area
19,990 SF
Lot
0.45 ac (19,614 SF)
Zoning code
MU-7B/FT
APN
3701 0086
UPID
US16-0085834
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-7B/FT · Washington, DCZoning MU-7B/FT · permitted uses
MU-7B/FT · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
NAVAL OBSERVATORY MIXED-USE ZONE - MU-4/NO 500 PURPOSE AND INTENT 501 HEIGHT 502 PENTHOUSE AND ROOFTOP STRUCTURE 503 PLANNED UNIT DEVELOPMENT 504 SPECIAL EXCEPTION REVIEW CRITERIA CHAPTER 6 FORT TOTTEN MIXED-USE ZONES - MU-7B/FT AND MU-10/FT 600 PURPOSE AND INTENT 601 DENSITY 602 HEIGHT 603 PENTHOUSE AND ROOFTOP STRUCTURE 603 Source Note 604 LOT OCCUPANCY 605 SETBACKS AND SCREENING CHAPTER 7 REED-COOKE MIXED-USE ZONES - MU-4/RC AND MU-5A/RC 700
Zone name
Mixed Use Fort Totten
General category
MIXED_USE
Zone area
14.76 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1999
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Dominion Church Of Washington Dc
Entity
Free & Clear · 21 yrs held
Mailing address
5335 1ST PL NE, WASHINGTON, DC 20011-3405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2004
—
Dominion Church Of Washington Dc
Kingdom Life Christian Center
Grant Deed
related
—
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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