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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Commercial land
Maine SW Ave Washington, DC 20024
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US16-0176379
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Zoning code
MU-12
APN
0473 7012
UPID
US16-0176379
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
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Willie H Beale JR · 1 yrs held
Willie H Beale JR
since 2024
Last sale
$982,500
7 recorded transactions
Zoning & alternative use
MU-12 · 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
Method
Estimation
Statistic approach
$985,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $983k (Oct 10 2024)
Last sale anchor
$983k
Oct 10 2024
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
—
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
Assessed value
$297,630
Assessed 2023
Previous assessed
$297,630
+0.0% YoY
Assessed land
$297,630
Land market value
$297,630
Total market value
$297,630
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Zoning code
MU-12
APN
0473 7012
UPID
US16-0176379
Jurisdiction
DISTRICT OF COLUMBIA
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MU-12 · Washington, DC
Zoning MU-12 · permitted uses
MU-12 · 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
Heating
NONE
Current owner
From public records · entity-resolved
Willie H Beale JR
Individual
Mailing address
601 WHARF ST APT #502, WASHINGTON, DC 20024-3791
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
$982,500
Willie H Beale JR
Wharf Phase 3 Condo Owner LLC
Deed
$776,000 · Navy FCU
Jul 25, 2024
$1,660,000
Marquis Land Holdings LLC
Wharf Phase 3 Condo Owner LLC
Deed
—
Jul 9, 2024
$1,675,000
Tae H Kim
Wharf Phase 3 Condo Owner LLC
Deed
—
May 30, 2024
$2,232,200
Susana Navarro
Wharf Phase 3 Condo Owner LLC
Deed
—
May 20, 2024
$1,150,000
John F Korba
Wharf Phase 3 Condo Owner LLC
Deed
$1,034,885 · Citibank NA
May 8, 2024
$1,089,200
Patrick Jason Schorno
Wharf Phase 3 Condo Owner LLC
Deed
$871,360 · First Savings Mortgage Corp
May 3, 2024
$1,053,400
Suzan Noorzai
Wharf Phase 3 Condo Owner LLC
Deed
$790,050 · Primary Residential Mortgage INC
May 1, 2024
$1,195,000
Norma Saafir
Wharf Phase 3 Condo Owner LLC
Deed
—
Feb 26, 2024
$1,700,000
Laurie A Mcmahon
Wharf Phase 3 Condo Owner LLC
Deed
—
Feb 22, 2024
$1,774,000
David Patrick Williams
Wharf Phase 3 Condo Owner LLC
Deed
—
Feb 9, 2024
$1,755,500
Liu Properties LLC
Wharf Phase 3 Condo Owner LLC
Deed
—
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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