2021 K StWashington, DC 20036

Property Details for 2021 K St

Year built

1971

Construction

TILT-UP CONCRETE

Lot size

0.53 AC

Property size (Sq ft)

258,300 SF

Zone code

D-5

Property type

Office buildings

APN

0076 0083

APU

760083

Description

This exceptional Class B medical office building at 2021 K Street NW, Washington, DC offers 7 available suites ranging from 640 to 5,096 square feet. The property is undergoing renovations under new ownership committed to enhancing both tenant and patient experiences. On-site property management and skilled building engineers ensure seamless operations. As an Energy Star building, it features built-out medical suites ready for immediate occupancy. Its convenient location is just three blocks from George Washington University Hospital and a short 13-minute drive to Ronald Reagan Washington National Airport (DCA). Public transportation is easily accessible, with Blue, Red, and Orange line Metro stations within an eight-minute walk. Enjoy the vibrant neighborhood with numerous dining options nearby, including The Prime Rib, Froggy Bottom, and Proper 21 K. This is a unique opportunity to secure high-quality medical office space in a prime Washington, DC location, with aggressive redevelopment rates and terms available for a limited time. The building's multiple tenancy structure provides flexibility for various practice sizes and needs.

• CAP approach

  CAP return

  Valuation

  6%

  $66,752,520

  6.5%

  $61,617,712

  7%

  $57,216,448

• Comparable approach

  Method

  Valuation

  Relative Method

  $43,138,684

  Geo Method

  $43,138,684

• Alternative Use

  Use

  Valuation

  Residential

  $76,405,960

  Hospitality

  $69,987,448

  Educational

  $58,228,736

  Medical

  $60,231,312

  Retail

  $90,578,032

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9029

Longitude

-77.0458

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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