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Property profile & analytics
OFF-MARKET
Estimated value
$96,640,000
Hotels
806 15th NW St Washington, DC 20005-1101
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US16-0133590
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1928
Construction
TILT-UP CONCRETE
Total area
177,323 SF
Lot
0.38 ac (16,493 SF)
Zoning code
D-6
APN
0219 0018
UPID
US16-0133590
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$102.36M
Blend (final)
Blend
$96.64M
Owner & transaction history
Bsrep III Dc Hotel LLC · 6 yrs held
Bsrep III Dc Hotel LLC
since 2020
Last sale
$93.2M
6 recorded transactions
Zoning & alternative use
D-6 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$151.9M
+91.2%
Restaurant
$111.7M
+40.6%
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
$97,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$79,430,000
Current use
AUTO REPAIR, GARAGE
$151,860,000
Change: +91% · Conversion: Difficult
RESTAURANT
$111,710,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$77,245,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$70,100,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$96.64M
Range $86.98M – $106.30M · ±10% · vs last sale $93.18M (Mar 9 2020)
Last sale anchor
$93.18M
Mar 9 2020
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
$545 / 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
$1,341,236
Tax year 2023
Assessed value
$70,167,700
Assessed 2023
Previous assessed
$70,167,700
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$31,749,030
Assessed improvement
$38,418,670
Land market value
$31,749,030
Improvement market value
$38,418,670
Total market value
$70,167,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
12
Total area
177,323 SF
Lot
0.38 ac (16,493 SF)
Zoning code
D-6
APN
0219 0018
UPID
US16-0133590
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
D-6 · Washington, DC
Zoning D-6 · permitted uses
D-6 · Washington, DC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$79.4M
AUTO REPAIR, GARAGE
Est. value
$151.9M
RESTAURANT
Est. value
$111.7M
COMMERCIAL (GENERAL)
Est. value
$77.2M
OFFICE BUILDING
Est. value
$70.1M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
12
Lot
0.38 ac
Current owner
From public records · entity-resolved
Bsrep III Dc Hotel LLC
Entity
Mailing address
250 VESEY ST FL #15, NEW YORK, NY 10281-1065
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
$160,655,172
Bsrep III Dc Hotel LLC
H Street Shuffle LLC
Grant Deed
$74,400,000 · Bank Of America
Mar 3, 2010
$92,300,000
H Street Shuffle LLC
15th Street Ownerco LLC
Grant Deed
—
Aug 27, 2007
$10,000,000
Eurohyp Ag New York Branch
Owner,record
Grant Deed
related
—
Apr 7, 2006
$54,900,000
15th Street Ownerco LLC
Dc Sofitel LLC
Grant Deed
$32,650,000 · Lehman Brothers Bank Fsb
—
—
15th Street Ownerco LLC
—
Deed Of Trust
related
$1,000,000 · Eurohypo Ag
—
—
15th Street Ownerco LLC
—
Deed Of Trust
related
$45,000,000 · Eurohypo Ag
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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