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924 Pennsylvania SE Ave Washington, DC 20003-2140

OFF-MARKET Office buildings Google Maps
1,974 SF 0.04 ac lot Built 1908
Entity Owned 10-yr Hold Free & Clear
Estimated value (blended)
$580k
Range $522k – $638k (±10%)
Property ID US16-0139550

Property summary

AI-generated overview

This exceptional Class A executive office suite, located at 924 Pennsylvania Avenue SE in Washington, D.C.'s Capitol Hill neighborhood, offers a rare opportunity to acquire a prestigious, single-tenant space. The three-level, mid-block building encompasses a total of 1,974 square feet, currently vacant and ready for immediate occupancy. The property boasts a highly desirable location within Capitol Hill's vibrant commercial area, providing excellent visibility and accessibility. On-site parking is a significant advantage, with up to six vehicle spaces conveniently accessible from 10th Street SE. This boutique office space presents a unique chance to establish a prominent presence in a sought-after location. The building's design and layout are ideal for a variety of executive office uses, offering flexibility and ample space for a professional setting. The entire 1,974 square feet is available, allowing for a seamless and efficient workspace. This is an exceptional opportunity to own a prime piece of Capitol Hill real estate. The property's location offers easy access to major transportation routes, making it convenient for employees and clients alike. The building's Class A designation reflects its high-quality construction and modern amenities. Don't miss this chance to secure this exceptional office space in a thriving and prestigious location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1908
Construction BRICK
Total area 1,974 SF
Lot 0.04 ac (1,595 SF)
Zoning code MU-25
APN 0947 0006
UPID US16-0139550

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$776k
Blend (final) Blend
$580k

Owner & transaction history

since 2016
5 recorded transactions
2016
Price N/A
2013
Price N/A
2011
Price N/A
2008
Price N/A
2004
Price N/A

Zoning & alternative use

MU-25 · Washington, DC
Top alternative use upside
Commercial (general) $860,000 +8.6%
Retail stores $810,000 +2.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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