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Property profile & analytics
OFF-MARKET
Estimated value
$6,310,000
Warehouses
5450 3rd NE St Washington, DC 20011-6316
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US16-0187607
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
BRICK
Total area
56,097 SF
Lot
2.14 ac (93,389 SF)
Zoning code
MU-7B/FT
APN
3766 0006
UPID
US16-0187607
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
-
AppleTree at RocketShip Fort Totten Public Charter School High School Daycare Center
-
The Social Justice Public Charter School High School
-
Rocketship Infinity Public Charter School High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.31M
Owner & transaction history
Art Place Of Ft Totten Wh-b LLC · 12 yrs held
Art Place Of Ft Totten Wh-b LLC
since 2013
2 recorded transactions
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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$112 / 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
Tax billed
$105,191
Tax year 2024
Assessed value
$5,943,020
Assessed 2024
Previous assessed
$5,851,490
+1.6% YoY
Effective rate
1.77%
On assessed value
Assessed land
$5,532,360
Assessed improvement
$410,660
Land market value
$5,532,360
Improvement market value
$410,660
Total market value
$5,943,020
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
2021
Construction
BRICK
Heating
NONE
Stories
2
Total area
56,097 SF
Lot
2.14 ac (93,389 SF)
Zoning code
MU-7B/FT
APN
3766 0006
UPID
US16-0187607
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
Building & site characteristics
From public records
Year built
2021
Construction
BRICK
Heating
NONE
Stories
2
Lot
2.14 ac
Current owner
From public records · entity-resolved
Art Place Of Ft Totten Wh-b LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1825 K ST NW STE #1400, WASHINGTON, DC 20006-1202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2020
—
Ta Washington 3rd St Ne LLC
—
Deed Of Trust
related
$11,114,218 · Pnc Bk
Aug 19, 2013
$685,674
Art Place Of Ft Totten Wh-b LLC
Morris Cafritz
Grant Deed
—
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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