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    3112 M St NW Washington, DC

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    Retail and office space in the heart of Georgetown.

    Type:OFFICE
    Property size:
    1,250 SF
    Lot size:
    0.06 Acres
    Added:
    Apr 2, 2024
    Days on Market:
    754
    Last Refresh:
    Apr 5 at 10:04 pm

    Property Features for 3112 M St NW

    General Information

    Standard status
    Active
    Size
    1,250 SF
    Lot size
    0.06 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 3112 M St NW Contact us

    We can help!

    Listing Contact
    Christina Herring
    Christina Herring

    Listing agent Christina Herring

    Listing office RB Properties, Inc.

    Listing date Apr 2, 2024

    Source Moodyscre

    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 RB Properties, Inc.

    Overview

    Georgetown Retail and Office Space

    Located in the heart of Georgetown, along the C&O Canal and 31st Street, this property is steps away from high-end M Street shops, a movie theater, a bowling alley, and fine dining. It features 122,000 square feet of retail and professional office space. The building offers six floors of distinctive architectural features, including exposed brick and wood beam ceilings, and overlooks the C&O Canal. An on-site parking garage is available to employees, customers, and visitors. The property also includes a courtyard with a fountain. Direct metro access is available via Circulator, and it is just steps away from Canal Square. An on-site engineering team is present in this award-winning building. Rental rates range from $32.00 to $41.00 per square foot per year. The property size available is 1,250 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hatley Boutique Georgetown Clothing & Fashion Store LaserLock Technologies Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cady's Alley — 3318 M St NW #3316, Washington, DC 20007
    • Coinstar Kiosk | Bitcoin ATM — 1525 Wilson Blvd Safeway, Arlington, VA 22209
    • Plaza East Office Building — 1800 N Kent St # B1, Arlington, VA 22209
    • Coinstar Kiosk — safeway, 1525 wilson blvd, arlington, va 22209
    • ChargeItSpot — 3333 M St NW, Washington, DC 20007

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0617
    Latitude
    38.905

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    FAQs

    What type of property is this?
    Shopping center - Retail and office space in the heart of Georgetown.
    Where is this shopping center located?
    The property is located at 3112 M St NW Washington, DC.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Prime Georgetown location: Steps away from high‑end shops, dining, entertainment, and the C&O Canal.; On‑site parking garage available to employees, customers, and visitors.; Direct metro access via Circulator, steps from Canal Square.
    (202) 342-1054 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Christina Herring
    Christina Herring
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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