1400 16Th StWashington, DC 20036

Property Details for 1400 16Th St

Year built

1988

Construction

TILT-UP CONCRETE

Lot size

0.81 AC

Property size (Sq ft)

278,656 SF

Zone code

MU-15

Property type

Office buildings

APN

0181 0873

APU

1810873

Description

This Class A, 8-story executive office building, totaling 195,596 square feet, offers 11 available suites ranging from 1,700 to 20,357 square feet. Built in 1988 and extensively renovated in 2019, the property boasts a stunning new entry, lobby, and multi-purpose conference center equipped with state-of-the-art audio-visual systems. Amenities include a two-level underground parking garage with 194 spaces, an on-site cafe, concierge service, on-site management and engineering, a beautiful courtyard perfect for outdoor meetings, and a tenant-exclusive fitness center with showers. The building features 9-foot ceilings and three elevators. Situated in the desirable Dupont Circle neighborhood, it offers unparalleled convenience with a 7-minute walk to the Dupont Circle Metro station and a 4-minute walk to Whole Foods and the 14th Street retail corridor. The property sits on 0.78 acres of land and is zoned MU-15 (APN: 0181-0873). Its exceptional location provides a Walk Score of 98, Transit Score of 89, and Bike Score of 95, reflecting its accessibility and desirability. The building also features a rooftop terrace with a new green roof. Convenient access to major commuter rail lines and airports is also available. This is a truly exceptional opportunity for businesses seeking a sophisticated and well-appointed office space in a vibrant, central location.

• CAP approach

  CAP return

  Valuation

  6%

  $81,614,900

  6.5%

  $75,336,800

  7%

  $69,955,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,538,300

  Geo Method

  $46,538,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $150,033,000

  Retail / Commercial

  $76,601,000

  Mixed-Use / Specialty

  $76,063,800

  Hospitality / Lodging

  $55,461,700

  Institutional / Educational

  $78,981,300

  Residential Income

  $92,408,100

  Multifamily

  $112,294,000

  Automotive / Energy

  $67,698,300

  Parking / Income-Based Land

  $23,622,800

  Restaurant / Food Service

  $38,997,700

  Healthcare / Senior Housing

  $78,272,900

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.909

Longitude

-77.0372

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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