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Property profile & analytics
OFF-MARKET
Estimated value
$106,770,000
Hotels
603 K NW St Washington, DC 20001-2506
Entity Owned
2-yr Hold
Free & Clear
Property ID
US16-0000022
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2020
Construction
STEEL FRAME
Total area
98,072 SF
Lot
0.23 ac (10,000 SF)
Zoning code
D-4-R
APN
0451 0034
UPID
US16-0000022
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$106.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$106.77M
Owner & transaction history
Apple Hospitality Dc 7146 LLC · 2 yrs held
Apple Hospitality Dc 7146 LLC
since 2024
Last sale
$106.8M
2 recorded transactions
Zoning & alternative use
D-4-R · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
REQUIREMENTS (D-3) 523 PURPOSE AND OBJECTIVE (D-4) 524 DENSITY - FLOOR AREA RATIO (FAR) (D-4) 525 HEIGHT (D-4) 526 FRONT BUILD-TO (D-4) 527 FRONT SETBACK (D-4) 528 USES (D-4) 529 DESIGN (D-4) 530 PURPOSE 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) 535 COURT (D-4-R)…
Zone name
Downtown
General category
MIXED_USE
Zone area
108.58 ac
Top alternative use upside
Auto repair, garage
$84.0M
+91.2%
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
$106,770,000
ML approach
$106,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$83,990,000
Change: +91% · Conversion: Difficult
Blend value · Realmo final
$106.77M
Range $96.09M – $117.45M · ±10% · vs last sale $106.77M (Mar 27 2024)
Last sale anchor
$106.77M
Mar 27 2024
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
$1,089 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,036,152
Tax year 2023
Assessed value
$53,225,190
Assessed 2023
Previous assessed
$53,225,190
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$10,083,700
Assessed improvement
$43,141,490
Land market value
$10,083,700
Improvement market value
$43,141,490
Total market value
$53,225,190
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Stories
13
Units
234
Total area
98,072 SF
Lot
0.23 ac (10,000 SF)
Zoning code
D-4-R
APN
0451 0034
UPID
US16-0000022
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
D-4-R · Washington, DCZoning D-4-R · permitted uses
D-4-R · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
REQUIREMENTS (D-3) 523 PURPOSE AND OBJECTIVE (D-4) 524 DENSITY - FLOOR AREA RATIO (FAR) (D-4) 525 HEIGHT (D-4) 526 FRONT BUILD-TO (D-4) 527 FRONT SETBACK (D-4) 528 USES (D-4) 529 DESIGN (D-4) 530 PURPOSE 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) 535 COURT (D-4-R) 536 USES (D-4-R) 537 DESIGN (D-4-R) 538 PURPOSE AND OBJECTIVE (D-5) 539 DENSITY - F
Zone name
Downtown
General category
MIXED_USE
Zone area
108.58 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$84.0M
AUTO REPAIR, GARAGE
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
2020
Construction
STEEL FRAME
Stories
13
Units
234
Lot
0.23 ac
Current owner
From public records · entity-resolved
Apple Hospitality Dc 7146 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
814 E MAIN ST, RICHMOND, VA 23219-3306
Ownership since
2024
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
Mar 27, 2024
$106,770,386
Apple Hospitality Dc 7146 LLC
Jemals East 451 LLC
Special Warranty Deed
—
Jun 17, 2022
—
Jemals East 451 LLC
—
Deed
related
$78,500,000 · Pentagon Federal Credit Union
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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