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

    904 Pennsylvania SE Ave Washington, DC 20003-2140

    • Office buildings
    • 1,902 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0035614
    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

    • Office buildings

    Property Details for 904 Pennsylvania SE Ave

    Year built
    1908
    Construction
    BRICK
    Lot size
    0.03 lot acres
    Property size
    1,902 SF
    Zone code
    MU-25
    Property type
    Office buildings
    APN
    0947 0016
    APU
    9470016

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $674,000
      Market price range: $390k - $1.12M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $765,000
      Current use
      COMMERCIAL (GENERAL)
      $830,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $780,000
      Change: +2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -76.9934
    Latitude
    38.8839
    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
    $12,676
    $347,960
    $424,370
    $772,330
    -
    $347,960
    $424,370
    $772,330

    Comparable in this City

    • Value Estimation
      $3,225,000
      14,660 SF

      30 Ivy SE St

      OFFICE BUILDING • 14,660 SF
      30 Ivy SE St, Washington, DC 20003-4006
      View Details
    • Value Estimation
      $1,970,000
      8,960 SF

      132 3rd SE St

      OFFICE BUILDING • 8,960 SF
      132 3rd SE St, Washington, DC 20003
      View Details
    • Value Estimation
      $1,285,000
      4,150 SF

      400 A SE St

      OFFICE BUILDING • 4,150 SF
      400 A SE St, Washington, DC 20003-3807
      View Details
    • Value Estimation
      $2,895,000
      14,454 SF

      218 D SE St

      OFFICE BUILDING • 14,454 SF
      218 D SE St, Washington, DC 20003-1900
      View Details
    • Value Estimation
      $1,000,000
      3,797 SF

      510 11th SE St

      OFFICE BUILDING • 3,797 SF
      510 11th SE St, Washington, DC 20003-2830
      View Details
    • Value Estimation
      $32,785,000
      145,117 SF

      1220 12th SE St

      OFFICE BUILDING • 145,117 SF
      1220 12th SE St, Washington, DC 20003-3722
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      299,772 SF

      Class A Office Building Opportunity

      299,772 RSF Class A office building in Navy Yard.
      1100 New Jersey Ave SE, Washington, DC 20003
      View Details
    • Contact for pricing
      4,400 SF

      Prime Office Space Opportunity

      Professionally managed office space with comprehensive services included.
      1016 16Th St NW, Washington, DC 20003
      View Details
    • $3,575,000

      Capitol Hill Mixed-Use Building

      Turn-key commercial/residential building in prime Capitol Hill location.
      517-519 11Th St SE, Washington, DC 20003
      View Details
    • $1,875,000
      0.04 Acres

      Renovated Retail/Office Space, DC

      Move-in ready retail/office space near Eastern Market and Potomac Ave Metros.
      515 11Th St SE, Washington, DC 20003
      View Details
    • $499,000

      Commercial Unit in Capitol Hill

      Commercial street-level unit in a 10-unit residential development.
      733 8Th St SE, Washington, DC 20003
      View Details
    • $1,300,000
      2,736 SF

      Prime Retail/Office Space Available

      2,736 SF retail/office space near Eastern Market.
      1210 Pennsylvania Ave Se, Washington, DC 20003
      View Details

    Similar Nearby for Lease

    • $39 SF/Yr
      14,100 SF

      Class A Office Building Space

      Class A office building with fitness center and rooftop terrace.
      501-505 9Th St NW, Washington, DC 20003
      View Details
    • Contact for pricing
      1,956 SF

      Class A Office Near Metro

      190,000 SF office building near Navy Yard Metro Station.
      20 M St SE, Washington, DC 20003
      View Details
    • Contact for pricing
      32,794 SF

      LEED Gold Certified Office Building

      Nine-story office building with rooftop garden and fitness center.
      55 M St SE, Washington, DC 20003
      View Details
    • $29 SF/Yr
      11,145 SF

      Office Building with Stone Facade

      Eight-story office building featuring a stone aggregate facade.
      1800 Massachusetts Ave NW, Washington, DC 20003
      View Details
    • Contact for pricing
      60,847 SF

      Office Building with Fitness Center

      Office space with conferencing, fitness center, and rooftop deck.
      131 M St NE, Washington, DC 20003
      View Details
    • $59 SF/Yr
      16,800 SF

      Renovated Office Building in CBD

      Eight-story office building in the Central Business District.
      1900 M St NW, Washington, DC 20003
      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.
    904 Pennsylvania SE Ave
    Washington, DC 20003-2140
    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.