Versatile Commercial Building in
1201 NEW JERSEY Avenue NW Washington, DC 20001
For Sale
$1,350,000
Commercial Sale - WASHINGTON, DC
Property Size4,000 SF
Lot Size0.04 Acres
Price / SF$337.50
Days on Market322
Property Features for 1201 NEW JERSEY Avenue NW
General Information
Property type
Other
Property subtype
Office
Rooms
Basement
Parking features
On Street
Standard status
Active
Size
4,000 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
11785
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1912
Building materials
Brick
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(202) 608-1880
Listed By:
Lewis Van Dusen
(202) 670-0415
Added: Sep 11, 2025
Changed: Jun 9
Last Checked: Jul 29 at 11:06PM
MLS# DCDC2222334
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property, located in Washington, DC, presents a versatile opportunity. Currently configured as an office, the over 4,000 square foot building offers potential for conversion to suit a buyer's needs. The zoning is residential with a Certificate of Occupancy for commercial use, while the basement is zoned for industrial purposes, allowing for a range of possibilities. The building is fully sprinklered and features a new fire suppression system. The basement has been recently renovated, offering a blank slate for future development.
Key Highlights
- Flexible Zoning: Zoned Residential with a CoO for Commercial and an Industrial basement, offering diverse usage possibilities.
- Large Space: Over 4,000 sqf provides ample room for various development plans.
- Conversion Potential: Existing office space can be converted to suit buyer's needs.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.0k | $30.00 |
| − Vacancy | −$14.4k | −$3.60 |
| EGI | $105.6k | $26.40 |
| − OpEx | −$39.6k | −$9.90 |
| NOI | $66.0k | $16.50 |
4,000 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.81M
$1.59M – $2.12M
NOI $127,008 @ 7.0% cap · market cap 9.41%
Second Best
Mixed Use
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,023 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable commercial space with residential and industrial zoning potential.
Where is this mixed-use property located?
The property is located at 1201 NEW JERSEY Avenue NW Washington, DC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Flexible Zoning: Zoned Residential with a CoO for Commercial and an Industrial basement, offering diverse usage possibilities.; Large Space: Over 4,000 sqf provides ample room for various development plans.; Conversion Potential: Existing office space can be converted to suit buyer's needs.
