Retail Storefront Development
For Sale
$1,795,000
1017 M St NW, Washington, DC 20001
For-sale storefront property offering permitted development density under flexible FAR and IZ-related parameters.
Property Size6,240 SF
Price / SF$287.66
Days on Market77
Property Features for 1017 M St NW
General Information
Standard status
Active
Size
6,240 SF
Building Details
Year Built
1900
Listing Agency:
Supreme Properties DMV, LLC
Listed By:
Sonya P Estevez
(202) 500-1065
Source:
Tbhteam
Added: Jun 20
Changed: Sep 4
Last Checked: Sep 2 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Supreme Properties DMV, LLC
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is being marketed for development potential, with a total permitted Floor Area Ratio (FAR) of 6.0. Up to 2.0 of that FAR may be used for permitted non-residential uses, and the stated total land area is 1,040 square feet. Based on the provided parameters, the total permitted Gross Floor Area (GFA) is 6,240 square feet, with up to 2,080 square feet potentially dedicated to non-residential uses. If subject to IZ requirements, or if opting in to IZ, the property may be eligible for a FAR of 7.2, for a total GFA of 7,488 square feet.
The site is located at 1017 M Street NW in Washington, DC.
This property may fit developers and owner-users looking for a small-format storefront site with clear, permit-driven density parameters. Prospective buyers should review applicable IZ status and the non-residential allocation rules, since the provided FAR and GFA figures depend on the development option selected.
The site is located at 1017 M Street NW in Washington, DC.
This property may fit developers and owner-users looking for a small-format storefront site with clear, permit-driven density parameters. Prospective buyers should review applicable IZ status and the non-residential allocation rules, since the provided FAR and GFA figures depend on the development option selected.
Key Highlights
- Year built: 1900
- Permitted Floor Area Ratio (FAR) of 6.0 on the property (up to 2.0 for permitted non‑residential uses)
- Total land area: 1,040 SF, with permitted total GFA of 6,240 SF (up to 2,080 SF for non‑residential uses)
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
$100,115
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
5.58%
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%
$2,002,300
$2.0M
Cap Rate 7%
$1,430,214
$1.4M
Cap Rate 9%
$1,112,389
$1.1M
Market Conditions
NOI Build-Up for 6,240 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
$149.8K $24.00/SF
− Vacancy
−$6.7K −$1.08/SF
EGI
$143.0K $22.92/SF
− OpEx
−$42.9K −$6.88/SF
NOI
$100.1K $16.04/SF
Area
Washington, DC
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,002,300
Cap Rate 7%
$1,430,214
Cap Rate 9%
$1,112,389
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,115 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,676 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19,367
Businesses Nearby
158k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 31%
Groceries 28%
Dining 21%
Shops & Services 19%
Giant
Groceries
27,501 visits/mo
0.4 miles
McDonald's
Dining
24,382 visits/mo
0.3 miles
Washington Marriott At Metro Center
Hotels & Casinos
24,363 visits/mo
0.4 miles
Whole Foods Market
Groceries
16,933 visits/mo
0.4 miles
TD Bank
Shops & Services
11,904 visits/mo
0.5 miles
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale storefront property offering permitted development density under flexible FAR and IZ-related parameters.
Where is this storefront property located?
The property is located at 1017 M St NW Washington, DC.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Year built: 1900; Permitted Floor Area Ratio (FAR) of 6.0 on the property (up to 2.0 for permitted non‑residential uses); Total land area: 1,040 SF, with permitted total GFA of 6,240 SF (up to 2,080 SF for non‑residential uses)
