Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5501 Connecticut NW Ave Washington, DC 20015-2601

    • Retail space
    • 24,928 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    $4,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0088074
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 5501 Connecticut NW Ave

    Year built
    1968
    Construction
    TILT-UP CONCRETE
    Lot size
    0.82 lot acres
    Property size
    24,928 SF
    Zone code
    MU-3A,R-1-B
    Property type
    Retail space
    APN
    1868 0069
    APU
    18680069

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,665,000
      6.5%
      $6,155,000
      7%
      $5,715,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0741
    Latitude
    38.9635
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $212,215
    $4,640,950
    $5,375,270
    $10,016,220
    -
    $4,640,950
    $5,375,270
    $10,016,220

    Comparable in this City

    • Value Estimation
      $1,500,000
      9,752 SF

      5550 Connecticut NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,752 SF
      5550 Connecticut NW Ave, Washington, DC 20015-2610
      View Details
    • Value Estimation
      $2,795,000
      15,107 SF

      5211 Wisconsin NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,107 SF
      5211 Wisconsin NW Ave, Washington, DC 20015-2001
      View Details
    • Value Estimation
      $590,000
      3,268 SF

      5232 44th NW St

      RETAIL STORES (PERSONAL SERVICES) • 3,268 SF
      5232 44th NW St, Washington, DC 20015-2100
      View Details
    • Value Estimation by Request
      1,646 SF

      5616 Connecticut NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,646 SF
      5616 Connecticut NW Ave, Washington, DC 20015-2604
      View Details
    • Value Estimation by Request
      1,436 SF

      5632 Connecticut NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,436 SF
      5632 Connecticut NW Ave, Washington, DC 20015-2604
      View Details
    • Value Estimation
      $1,605,000
      11,557 SF

      5600 Connecticut NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,557 SF
      5600 Connecticut NW Ave, Washington, DC 20015-2608
      View Details

    Similar Nearby for Sale

    • $1,035,000

      RITTENHOUSE St NW Opportunity

      Specialty property available for sale in Washington, DC.
      2822 Rittenhouse St NW, Washington, DC 20015
      View Details
    • $2,700,000

      Washington DC Specialty Property

      Specialty property available for sale in Washington, DC.
      6008 34Th St NW, Washington, DC 20015
      View Details
    • $1,995,000

      Specialty Property in Washington, DC

      Specialty property available for sale in Washington, DC.
      3803 Ingomar St NW, Washington, DC 20015
      View Details
    • $350,000

      Sun-Filled Chevy Chase Condo

      Charming, upgraded condo in Chevy Chase with modern amenities.
      5402 Connecticut Ave Ave NW, Washington, DC 20015
      View Details
    • $1,395,000

      Washington DC Specialty Property

      Specialty property available for sale in Washington, DC.
      6674 32Nd St NW, Washington, DC 20015
      View Details
    • $1,050,000

      Specialty Property for Sale

      Specialty property available for purchase.
      3644 Kanawha St NW, Washington, DC 20015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,423 SF

      Friendship Heights Retail Opportunity

      Modern retail space with apartments and parking in Friendship Heights.
      5300 Wisconsin Ave NW, Washington, DC 20015
      View Details
    • $44 SF/Yr
      5,481 SF

      Retail Space Near Friendship Heights

      5,481 SF retail space in prime location for rent.
      4400 Jenifer St NW, Washington, DC 20015
      View Details
    • Contact for pricing
      6,243 SF

      Retail Space Near Metro Station

      Retail property adjacent to Friendship Heights Metro station.
      5252 Wisconsin Ave NW, Washington, DC 20015
      View Details
    • Contact for pricing
      6,268 SF

      Wisconsin Ave Retail Center

      Prime DC Retail Space Available
      5211 Wisconsin Ave, Washington, DC 20015
      View Details
    • Contact for pricing
      40,229 SF

      Retail Space Near Metro Station

      Retail space available in Friendship Center near Friendship Heights Metro.
      5333 Wisconsin Ave NW, Washington, DC 20015
      View Details
    • $5,000 /Mo

      Modern Apartment in Chevy Chase

      Modern 2BR/2BA apartment in the heart of Chevy Chase, DC.
      5305 Connecticut Ave Ave NW, Washington, DC 20015
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5501 Connecticut NW Ave
    Washington, DC 20015-2601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.