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

    770 Park Rd Nwt01 Washington, DC 20010-1794

    • Commercial real estate
    • 1,418 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    Jun 24, 2020
    $625,000
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    3.6%
    Commercial real estate
    Location Intelligence
    Property ID
    US16-0034328
    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

    • Estilo Jiu Jitsu / Training Center / Sports School
    • Waxing the City / Spa & Massage Center / Skin Care Clinic

    Property Details for 770 Park Rd Nwt01

    Year built
    2021
    Lot size
    0.02 lot acres
    Property size
    1,418 SF
    Property type
    Commercial real estate
    APN
    2894 2090
    APU
    28942090

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $655,000
      ML approach
      $655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $858,000
      Market price range: $421k - $913k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $620,000
      Current use
      OFFICE BUILDING
      $570,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.0248
    Latitude
    38.9328
    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
    $14,384
    $212,700
    $440,100
    $652,800
    -
    $212,700
    $440,100
    $652,800

    Comparable in this City

    • Value Estimation by Request
      1,795 SF

      1452 Park NW Rd

      COMMERCIAL (GENERAL) • 1,795 SF
      1452 Park NW Rd, Washington, DC 20010-2802
      View Details
    • Value Estimation
      $1,785,000
      7,358 SF

      3219 Mt Pleasant NW St, Unit 4

      COMMERCIAL (GENERAL) • 7,358 SF
      3219 Mt Pleasant NW St, Washington, DC 20010-2137
      View Details
    • Value Estimation by Request
      2,268 SF

      3111 14th NW St, Unit 3

      COMMERCIAL CONDOMINUIM • 2,268 SF
      3111 14th NW St, Washington, DC 20010-2402
      View Details
    • Value Estimation by Request
      1,123 SF

      3109 14th NW St, Unit 4

      COMMERCIAL CONDOMINUIM • 1,123 SF
      3109 14th NW St, Washington, DC 20010-2402
      View Details
    • Value Estimation by Request
      1,948 SF

      3107 14th NW St, Unit 5

      COMMERCIAL CONDOMINUIM • 1,948 SF
      3107 14th NW St, Washington, DC 20010-2402
      View Details
    • Value Estimation by Request
      2,180 SF

      3220 Georgia NW Ave

      COMMERCIAL (GENERAL) • 2,180 SF
      3220 Georgia NW Ave, Washington, DC 20010-2511
      View Details

    Similar Nearby for Sale

    • $3,100,000
      17,940 SF

      1647 Lamont St NW: Redevelopment Opportunity

      16-unit building, prime Mount Pleasant location.
      1647 Lamont St, Washington, DC 20010
      View Details
    • $890,000

      Prime Retail Space in Washington

      1,658 Sqft retail space in high-traffic Washington, DC corridor.
      3619 Georgia Ave NW, Washington, DC 20010
      View Details
    • Contact for pricing
      8,851 SF

      Columbia Heights Mixed-Use Building

      8,851 SF building in Columbia Heights neighborhood.
      3400 11Th St Nw, Washington, DC 20010
      View Details
    • Contact for pricing

      Retail Property on Georgia Avenue

      Retail property available for sale on Georgia Avenue.
      3624 Georgia Ave NW, Washington, DC 20010
      View Details
    • $1,299,999

      Washington DC Specialty Property

      Specialty property available for sale in Washington, DC.
      1412 Perry St NW, Washington, DC 20010
      View Details
    • $1,550,000

      LAMONT St NW Specialty Property

      Specialty property available for sale in Washington, DC.
      718 Lamont St NW, Washington, DC 20010
      View Details

    Similar Nearby for Lease

    • $56 SF/Yr
      2,600 SF

      Columbia Heights Retail Space

      953 SF renovated storefront, prime location
      1458 Park Rd, Washington, DC 20010
      View Details
    • $5,890 /Mo
      1,742 SF

      Mount Pleasant Commercial Space Available

      Remodeled commercial unit in vibrant Mount Pleasant neighborhood.
      3118 Mount Pleasant St NW, Washington, DC 20010
      View Details
    • Contact for pricing
      864 SF

      Columbia Heights Retail Space Available

      Retail space in Columbia Heights near Metro station.
      3460 14Th St NW, Washington, DC 20010
      View Details
    • $3,800 /Mo

      Spacious Columbia Heights Two-Bedroom Apartment

      Urban oasis with stunning views, modern amenities, and parking.
      1514 Newton St St NW, Washington, DC 20010
      View Details
    • $10,000 /Mo

      Columbia Heights Retail Space Available

      Retail space available immediately in multi-use building, Columbia Heights.
      3200 Georgia Ave NW 3200A, Washington, DC 20010
      View Details
    • Contact for pricing
      386 SF

      Prime Retail Space Available

      Retail space with basement storage near Columbia Heights Metro.
      3322 14Th St NW, Washington, DC 20010
      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.
    770 Park Rd Nwt01
    Washington, DC 20010-1794
    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.