Office Condominium with Private
For Sale
$1,100,000
3232 GEORGIA Avenue NW, Washington, DC 20010
Commercial Sale, WASHINGTON, DC
Property Size2,567 SF
Price / SF$428.52
Days on Market87
Property Features for 3232 GEORGIA Avenue NW
General Information
Property type
Other
Property subtype
Office
Parking
10
Parking features
Garage
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Special listing conditions
In Foreclosure
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
23185
Utilities
Heating system
Electric (Heating), Forced Air, Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2019
Number of units
1
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Jesse Elliott
(571) 422-0575
Added: Jun 4
Changed: Aug 19
Last Checked: Aug 29 at 11:06PM
MLS# DCDC2266612
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.
Unit 100 is a professionally designed office condominium offering 2,567 SF of workspace configured with 7 private offices, 3 conference rooms, a large open-concept area, a kitchen/break area, 2 restrooms, and a dedicated office supply/storage room. The unit is currently vacant and available for immediate occupancy, providing straightforward move-in for an owner-user or a tenant upon leasing.
The building is located on Georgia Avenue NW in Northwest Washington, DC, positioned along a highly visible corridor. Unit 100 also includes 7 private parking spaces and 3 guest parking spaces for convenient employee and visitor access. The property is professionally managed, and the monthly condo fee is $1,001.34 with an additional parking fee of $111.44. The surrounding area provides access to major transportation routes and public transit, along with nearby restaurants and retail services.
The building is located on Georgia Avenue NW in Northwest Washington, DC, positioned along a highly visible corridor. Unit 100 also includes 7 private parking spaces and 3 guest parking spaces for convenient employee and visitor access. The property is professionally managed, and the monthly condo fee is $1,001.34 with an additional parking fee of $111.44. The surrounding area provides access to major transportation routes and public transit, along with nearby restaurants and retail services.
Key Highlights
- 2,567 SF office condominium (Unit 100) built in 2019, with forced air/electric and heat pump heating plus central air
- Efficient layout with 7 private offices, 3 conference rooms, large open workspace, kitchen/break area, and dedicated office supply/storage room
- Includes 2 restrooms within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,630,140
$1.6M
Cap Rate 7%
$1,164,386
$1.2M
Cap Rate 9%
$905,633
$905.6K
Market Conditions
NOI Build-Up for 2,567 SF
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.
Gross rent
$129.4K $50.40/SF
− Vacancy
−$20.7K −$8.06/SF
EGI
$108.7K $42.34/SF
− OpEx
−$27.2K −$10.58/SF
NOI
$81.5K $31.75/SF
Area
Washington, DC
Vacancy
16.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,630,140
Cap Rate 7%
$1,164,386
Cap Rate 9%
$905,633
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,507 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,427 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
Market
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Vacant office condominium with 7 private and 3 guest parking spaces and a layout featuring seven private offices and conference rooms.
Where is this office units located?
The property is located at 3232 GEORGIA Avenue NW Washington, DC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,567 SF office condominium (Unit 100) built in 2019, with forced air/electric and heat pump heating plus central air; Efficient layout with 7 private offices, 3 conference rooms, large open workspace, kitchen/break area, and dedicated office supply/storage room; Includes 2 restrooms within the unit
