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Property profile & analytics
OFF-MARKET
Estimated value
$7,185,000
Hotels
923 16th NW St Washington, DC 20006-1701
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US16-0030302
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1927
Construction
TILT-UP CONCRETE
Total area
163,249 SF
Lot
0.56 ac (24,556 SF)
Zoning code
D-2,D-6
APN
0199 0065
UPID
US16-0030302
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
by Request
Blend (final)
Blend
$7.19M
Owner & transaction history
Seldar Dc Holding LLC · 11 yrs held
Seldar Dc Holding LLC
since 2015
7 recorded transactions
Zoning & alternative use
D-2,D-6 · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$44 / 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
$1,053,717
Tax year 2023
Assessed value
$54,367,800
Assessed 2023
Previous assessed
$54,367,800
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$33,764,500
Assessed improvement
$20,603,300
Land market value
$33,764,500
Improvement market value
$20,603,300
Total market value
$54,367,800
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
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
8
Units
193
Total area
163,249 SF
Lot
0.56 ac (24,556 SF)
Zoning code
D-2,D-6
APN
0199 0065
UPID
US16-0030302
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
D-2,D-6 · Washington, DC
Zoning D-2,D-6 · permitted uses
D-2,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.
Building & site characteristics
From public records
Year built
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
8
Units
193
Lot
0.56 ac
Current owner
From public records · entity-resolved
Seldar Dc Holding LLC
Entity
Mailing address
923 16TH ST NW, WASHINGTON, DC 20006-1701
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2018
—
Seldar Dc Holding LLC
—
Grant Deed
related
$81,000,000 · Cmtg Lender 24 LLC
Jul 6, 2015
—
Seldar Dc Holding LLC
Srdc8 Owner LLC
Grant Deed
related
$71,527,500 · Bsrecp II Joint Us Origination
May 17, 2011
$25,000,000
Srdc8 Owner LLC
Shapiro,ronald S
Trustees Deed
related
—
Apr 1, 2008
—
16th Ccl
16th & K Holdings LLC
Quit Claim Deed
related
—
Feb 1, 2007
—
16th & K Hotel LLC
—
Grant Deed
related
$135,000,000 · Barclays Capital R E INC
Aug 9, 2005
$43,000,000
16th & K Hotel LLC
Washington Sheraton Corp
Grant Deed
$35,000,000 · Aareal Bank Ag
—
—
Srdc8 Owner LLC
—
Deed Of Trust
related
$3,105,570 · Viii Ci Finco LLC
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.
Try Rey
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