Two-Story Mixed-Use
For Sale
$1,475,000
4839 Wisconsin NW Ave, Washington, DC 20016
COMMERCIAL - Washington, DC
Property Size3,750 SF
Lot Size0.06 Acres
Price / SF$393.33
Days on Market91
Property Features for 4839 Wisconsin NW Ave
General Information
Property type
Commercial Sale
Property subtype
Other
High school district
000000
Standard status
Active
Lot size
0.06 Acres
Building Details
Year built
1900
Listing Agency:
Northgate Real Estate Group
Listed By:
Greg Corbin · License #10491213060
Added: May 13
Changed: Aug 4
Last Checked: Aug 11 at 7:06PM
MLS# 11799405
Copyright © 2026 My State 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 two-level mixed-use property combines an operating ground-floor retail space with a separately configured dental office on the upper floor. The dental suite will be delivered vacant, providing an existing professional-office layout within the building. The property includes three off-street parking spaces and occupies a 0.06-acre lot.
Positioned on Wisconsin Avenue NW in Washington’s Tenleytown area, the building offers 25 feet of frontage along a commercial corridor. Tenleytown-AU Station on the Red Line is a short walk away, with stated service to Downtown Washington, D.C., in 20 minutes. Nearby retail and dining options include Whole Foods, Target, CVS, Starbucks, Dunkin’, CAVA, Surfside, and Wegmans. MU-4 zoning supports the property’s mixed-use classification.
Positioned on Wisconsin Avenue NW in Washington’s Tenleytown area, the building offers 25 feet of frontage along a commercial corridor. Tenleytown-AU Station on the Red Line is a short walk away, with stated service to Downtown Washington, D.C., in 20 minutes. Nearby retail and dining options include Whole Foods, Target, CVS, Starbucks, Dunkin’, CAVA, Surfside, and Wegmans. MU-4 zoning supports the property’s mixed-use classification.
Key Highlights
- MU‑4 zoning for mixed‑use, moderate‑density development
- Ground‑floor retail space is currently occupied
- Upper‑level dental office to be delivered vacant
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
$119,070
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
8.07%
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%
$2,381,400
$2.4M
Cap Rate 7%
$1,701,000
$1.7M
Cap Rate 9%
$1,323,000
$1.3M
Market Conditions
NOI Build-Up for 3,750 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
$189.0K $50.40/SF
− Vacancy
−$30.2K −$8.06/SF
EGI
$158.8K $42.34/SF
− OpEx
−$39.7K −$10.58/SF
NOI
$119.1K $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%
$2,381,400
Cap Rate 7%
$1,701,000
Cap Rate 9%
$1,323,000
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.98M
NOI $119,070 @ 7.0% cap · market cap 8.07%
Second Best
Healthcare Medical
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,022 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,623
Businesses Nearby
Explore this area
Business Placement
Demographics for 20016, DC
35,068
Population
15,457
Households
2.3
Avg Household Size
37
Median Age
88%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
7,970
Density / Sq Mi
$179,107
Median Household Income
$104,275
Median Earnings
$2,105
Median Rent
$1,206,200
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?
Mixed-use property - Retail occupancy below and a vacant dental-office buildout above create a dual-use commercial configuration.
Where is this mixed-use property located?
The property is located at 4839 Wisconsin NW Ave Washington, DC.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: MU‑4 zoning for mixed‑use, moderate‑density development; Ground‑floor retail space is currently occupied; Upper‑level dental office to be delivered vacant
